Legal Question in Credit and Debt Law in Massachusetts

You probably should, but be careful to to follow proper court procedure. It is not easy for a non-lawyer. Demand proof of the debt. You should be able to settle for 50-60 cents on the dollar.

Good luck.

Dan

I agree with attorney Gindes. It is not that hard to settle, but it is also very easy to give the creditor unnecessary advantage or even victory by not following court procedure. Also, don't give them an agreement for judgment! If you want assistance in settling your case for a flat fee, please give me a call at 617-357-4898.

All they have to show in court is that you originally promised to pay on this account, that they are the valid holders of this account, and that the amount with interest adds up to what they say the current balance is. Then they would be able to obtain a judgment for the full amount, and possibly attach your wages, bank accounts, or other property. If that's something that you should be worried about, it's best to settle now. But if you believe yourself to be judgment-proof, then they wouldn't be able to collect with or without the judgment.