Legal Question in Credit and Debt Law in California

I assume that they sued you, they properly served you, and got a judgment against you first. If not then you should try to set aside that judgment if it has not been too late.

If they did everything properly then you should try to negotiate with them. Based on your circumstances which you will need to eventually prove to them they should be willing to cut their losses and collect the balance over a 3 to 5 year period unless you can come up with a lump sum payment. Start at 25% of the balance or less if you are really having a difficult time. You might need to threaten to file bankruptcy or actually do it if they are unreasonable because if that is the only way to stop their collection activities if you can't make a deal.

Just remember at the end of the day its just how much money can they get out of you as quickly as possible. Given your circumstances they should want to cut their losses and not spend any more money chasing you if the debt isn�t that large.

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Hope this helps and good luck.