Legal Question in Banking Law in Wisconsin
Credit Card
My credit card company raised my interest to 30% which forced me to stop paying on it and enter debt settlement. They obtained a judgement against me from the National Arbitration Forum, who they pay. Now they have summoned me to court to affirm award. I am defending myself, but I currently have not raised enough money to pay it. They have offered to settle for 50%, but again, I do not have the money at this time. What are my options?
Asked on 2/27/07, 11:46 am
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: Credit Card
What is the total balance?
Are you currently earning income (that could be garnished etc.)?
If appropriate I could assist you in negotiating a % payoff for less than amount due.
This would billable.
Answered on 2/27/07, 12:29 pm
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