Legal Question in Credit and Debt Law in Illinois

I have been trying to settle with Chase for over a year but they never responded to my letters of settling for a lesser amount due, now I got a letter that the collection agency working on their behalf have summoned me in to court, it says if I dont show up a judgement may be taken against me, I dont have the time or money to go, can they place a judgement on my credit for 1228.09? What should I do since I dont have the money to pay them, and I dont want to go to court


Asked on 6/04/14, 10:54 am

2 Answers from Attorneys
Jonathan Shimberg Shimberg and Crohn, P.C.

It appears you received a summons. If that is the case, if you do not appear a default judgment will be taken against you for the amount of the claim. It is up to them to see if they can find any assets to seize to pay the judgment. If you have no assets, if you are employed, they can garnish your wages, if they know where you work, unless you are paying a support order, in which case you are almost judgment proof. But sitting back and doing nothing will result in a judgment against you.

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Answered on 6/04/14, 11:01 am
Elfreda Dockery Law Office of Elfreda Dockery

I agree with the other attorney and would add that a judgment stays on your credit history for 7 years. The judgment will cause you to pay a higher interest rate on items you buy on credit. In essence, the judgment will cost you money for 7 years.

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Answered on 6/05/14, 9:53 am


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