Legal Question in Credit and Debt Law in Georgia

Credit and Debt

Can a Collection Agency determine the amount of the payment each month to pay off a debt even if it is too much for me to pay? A credit company represents an account I have in collections (it does not own the account) and insists that it cannot take less then $500 per month. Is that logical? They say I will be in BIG trouble if I change it.

Thanks


Asked on 12/17/07, 11:00 am

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Credit and Debt

You may want to consult with a bankruptcy lawyer to determine your options. There is no way anyone can answer you without far more information than you posted.

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Answered on 12/17/07, 1:59 pm


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