Legal Question in Credit and Debt Law in Illinois

I was served a summons on Sunday of this week for a 1999 old deb collections bill. I have to file an answer by Feb 9, 2010. The creditor has tripled the original debt. How can I negotiate a low settlement with the creditor? Do I need an attorney? How can I handle this situation intelligently without getting burn?


Asked on 1/25/10, 4:30 pm

1 Answer from Attorneys
Frank Vosholler Law Office of Frank L. Vosholler III

I would go into the court room and explain the statute of limitations is 5 years on credit cards and you owe nothing.

Read more
Answered on 1/30/10, 9:18 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Illinois