Legal Question in Credit and Debt Law in New Jersey

Law Suit

I have an old Credit Card debt and we are being sued. We called the lawyer and we made payment arrangements, but he wants us to sign a letter stating we agree with submitting a judgement against us to the courts. since we agreed to make payments we don't want to do this , since my credit will get even worse.

What can I do to prevent the judgement ,but still keep the payment arrangement?


Asked on 11/06/08, 3:23 pm

1 Answer from Attorneys

Robert Gleaner Robert A. Gleaner, P.C.

Re: Law Suit

There is nothing you can do to obtain that result. You are fortunate that the creditor is willing to take payments. As long as you make prompt payments, you should be ok. As a matter of fact, in some ways, the Judgment will protect you if it sets forth in detail what your agreement is. Then, when you comply with the terms, the attorney will be required to file a "Warrant to Satisfy" showing you were compliant with the terms. Be sure to ask him to provide you with a "Judgment with a Stipulation as to Agreement" which will set out your agreement in its entirety.

Keep in mind that this information is given based on the scanty facts that you have provided. And no one can rely on advice from an attorney who has not been retained. In order to be able to rely upon any advice, you need to meet with and retain an attorney, who will be able to give you advice after a full and comprehensive interview. Before you do anything, you should contact an attorney for a full consultation. Good Luck! Rob Gleaner

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Answered on 11/09/08, 7:48 am


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