Legal Question in Credit and Debt Law in Pennsylvania
default judgement
I have defaulted on a credit card account. A 'default judgement' was filed at my local courthouse. The attorneys office that is holding this account would like to 'settle' the account at a 50% discount, but they will not put the agreement in writing. I do not have a clue how to handle this situation. Thanks for your help!
1 Answer from Attorneys
Re: default judgement
The attorney at least should write a letter specifing the settlement. If he won't do that be careful. Suggest you get an attorney to represent your interest in the settlement. Another tactic is that you must write a letter stating the settlement and that you are making the payment on the specific condition that payment is accepted as payment in full of all obligations. Also write on the front and back of the check payment in full. On the back write " acceptance and negotiation of this check constitutes payment in full of all obligations and the full release of (your name)." It is risky but a least you have something in writing. The best solution is to hire an attorney to protect you in the settlement.