Legal Question in Credit and Debt Law in Georgia

Unsecured Credit Card Debt

I owe $50K to two CC companies. I can no longer make the monthly payments. To satisfy the debt I can sell some real property once the market begins moving, but not now. What are my duties and rights for negotiating a deferred payment option?


Asked on 7/13/09, 9:18 am

2 Answers from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Unsecured Credit Card Debt

See a lawyer. You have no rights to a deferred payment plan. They can do quite a few things to you if they choose. A lawyer may be able to find choices for you to eliminate the debts or pay them over time.

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Answered on 7/14/09, 9:21 am
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Unsecured Credit Card Debt

You have a duty to pay as agreed. You have no "right" to negotiate or get different terms than you agreed to in your card agreement. Whether or not they will work with you is not a legal question - ask them.

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Answered on 7/13/09, 10:04 am


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