Legal Question in Credit and Debt Law in Georgia

Re: Debt Collection

What you "heard" - basically, allowing someone to make up their own payment plan regardless of the terms of their true agreement or obligation - is a myth.

Re: Debt Collection

You might not be protected from being sued simply because you're paying installments. However, as soon as a lawyer threatens to sue for nonpayment or a collection agency threatens every consumer should obtain the advice of an attorney who has significant experience in the Fair Debt Collection Practices Act and other consumer related collection laws. There are many in Georgia who provide free or low cost consultations. They can tell you in detail your rights under the law, including possible counterclaims you may have. Moreover, if necessary, you can obtain advice on how to finally resolve this matter.

Re: Debt Collection

Unless you have a written payment schedule with them that you are honoring, they can sue you, and then later seize your bank account and part of your paycheck and other assets as well.

If you are only paying $10 a month, they have a higher chance of suing than if you pay maybe $50 or $100.

If you have other debts, you should talk to a lawyer about the possibility of bankruptcy. If not, you can likely negotiate a WRITTEN payment schedule.