Legal Question in Credit and Debt Law in Massachusetts
creidt card debt
how far can a legal atty go if a cc is not paid? what is the next step? my mother's credit card is $8k but they'll settle for 5$ but my mother doens't have any money and she's 62!! What are her options?
1 Answer from Attorneys
Re: creidt card debt
Credit card companies can, and often do, take the debtors to court and obtain a judgment for the debt. The judgment allows them to do certain things, like levy a car or a house. Sometimes they can attach wages, but social security benefits are exempt. If your mother has assets, then it may be worthwhile to accept a settlement -- and by the way, you do not need to accept the $5k. You can keep negotiating it down. On the other hand, if your mother has no assets, then they can't do much to her even if they get a judgment. That's called being judgment-proof.
Good luck.
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