Legal Question in Credit and Debt Law in Virginia
sued over credit card debt
I have been out of work and only making payments on my mortgage. I recvd letter from capital one (and i'm sure more will follow) saying they are charging off debt but will take legal action if I don't send pymnt in full. I don't have any $ to send. I only have 10 days to respond (live in VA). What should I do? if I make pymnt agreement & i don't have the $$ what happens then?
Asked on 6/25/07, 11:52 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: sued over credit card debt
You surely know the answer; Capital One will most likely foreclose.
Answered on 6/26/07, 12:05 am