Legal Question in Credit and Debt Law in New York

I am in a debt consolidation program. I have $6000 in debt on 4 different cards, all same company. I would like to get out of the program, the only thing that concerns me are judgements. If I pay the companies $20 per month, even if it is sent to collections, can they get judgments against me as long as I continue to pay something regularly?


Asked on 5/25/12, 5:48 am

1 Answer from Attorneys
simon goldenberg Law Office of Simon Goldenberg, pllc

Making voluntary payments as you described will not preclude the creditor from bringing suit against you. There would have to be a payment agreement entered into with the creditor and you would have to pay according to the agreed upon schedule. Simply put, making voluntary payments of $20 outside of any agreement will not protect you from a judgment.

I have assisted people that were dissatisfied with there current debt settlement/consolidation program. We can discuss various options including bankruptcy or settling the accounts one by one. Call us for a free case evaluation.

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Answered on 5/25/12, 6:31 am


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