Legal Question in Credit and Debt Law in Massachusetts

lein without notification or judgement
After an accident, I was sued by a credit card co. I made an out of court agreement with their lawyer witnessed by a magistrate to repay the debt {a low amount every month}.There was no court judgement,only an agreement. I had answered every demand letter and sent good faith payments, trying to protect my good credit rating.The Fair debt collections practices act was violated many times by these people and I have the records of that.I have been faithfully paying every month, suddenly a new guy took over the account and a lein arrived on my doorstep. This dog wants an exorbitant interest in addition to the original debt. I don't think this is legal.What can I do? I want to expand our equity account to help pay off my doctor's bills and the lein might screw things up.

Asked on 1/13/01, 6:30 pm

Michael Baldassarre Law Office of Michael J. Baldassarre

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Re: lein without notification or judgement

Perhaps without knowing it, you signed an agreement for judgement when you were in court.

The monthly amount was a payment order. In Massachusetts a judgement earns 12% interest per year and is valid for 20 years.

In order to help you better I would need to know more facts about your situation. Please feel free to call if you would like a free consultation

(978) 465-5158.

Answered on 1/31/01, 8:57 am

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