Legal Question in Credit and Debt Law in Minnesota

I am 69 yrs old; and my only income is social security. I receive public assistance; and am not going to be employed in the future. I want to stop paying on some of my credit card debt. My question is: do I send a certified letter to these creditors informing them of my intentions; or wait to be contacted by a collection agency and then send that agency a letter?


Asked on 9/03/10, 11:30 am

1 Answer from Attorneys
Amir Vafaei MinCal Consumer Law Group

I don't think it is necessary for you to send a certified letter to the credit card companies about your intention not to pay. This letter does not really achieve anything for you. If your situation has become such that you cannot make any more payments to the credit card companies, by not paying them they will become aware of your intentions. Since every person's situation is unique to that person, it is best if you consulted with a consumer protection attorney to find out what your choices are, and some of the consequences of becoming delinquent in payments, and how the attorney can help you with these issues. Most consumer protection attorneys offer free consultation. Our office will be glad to hear from you and help you out in this matter. You can call us at 952-314-1400, or visit our website at www.mincal.com for further information.

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Answered on 9/08/10, 2:45 pm


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