Legal Question in Credit and Debt Law in Missouri

Our son had a Capital One credit card with a $500 limit. They suffered financial hardship and got behind on their payments. They just got a summons to appear in court in about a month. Capital One states they now owe $1,200 , with the late fees and over-limit fees incurred because of the late fees. They are barely getting by now, especially since they were 'surprised' with a third child. Our son has the only income, as day care is too cost prohibitive (live in a rural area where most make min. wage...day care would eat up any salary his wife would make, if she could even find a job...) Do they have any legal recourse to get some or all of the exhorbitant added-on fees diminished or waived? Thank you for your time.


Asked on 2/12/10, 5:20 pm

1 Answer from Attorneys
Michael R. Nack Michael R. Nack, Attorney at Law

Yes, in many cases an attorney can negotiate a settlement with the creditor which actually saves the client (your son) more money than the attorney's fees required. You may feel free to contact me for a free telephone consultation, and we may be able to save your son some money.

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Answered on 2/17/10, 8:45 pm


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