Legal Question in Credit and Debt Law in New York

Re: Summons for a debt.

You have to answer the summons by going to the court where the action is pending and filing an ANSWER to the COMPLAINT that accompanied the summons. If you don't they will get a defualt judgment against you for alot more than the $6500 and that judgment stays on the books for 20 years accruing interst at 9% per year...do the math. If the judgment is $7500 when entered, thats aboutr $700 a year in interest. Eventually you'll have a bank account, job or property (if you can even buy property with that judgment) and they can seize the $$ in the bank, garnish your wages (10% of your gross salary per pay period) and ruin your credit. Make them prove you owe the $6500 by demanding proof you were the owner of the account and that you charged up $6500. much of that is probably interest and late charges...they would probably accept a lower amount as settlement if you committed to monthly payments. GET AGREEMENTS IN WRITING...don't send $$ on an oral promise by their representatives...

GO TO COURT!!!