Best way to handle this summons?
July 14, 2012 6:00 PM Subscribe
Any chance to settle with a collections agency once I've received a summons to court?
posted by anonymous to Work & Money (7 answers total) 4 users marked this as a favorite
Several years ago I got a small limit ($2k, I think) credit card from my bank because I couldn't afford needed dental work. Used the card for a while, was paying it down. Bank got bought by another bank. Missed a couple payments but had serious problems trying to find a contact at the new bank to help. Balance at this point was about $1400, about $1100 mine and $300 in fees (or more). I tried for a while to get someone to help me with it and finally just ignored it, was unemployed about a year. (Bad move ignoring it, I understand.)
Ignored initial collection agency. Next one is more serious. Got lawyerly letters at work. Told them I needed to see proof of the debt. They got back to me about a month later with all the details of the debt. (Damn!) Then a couple weeks after that (yesterday), someone came to work with a summons. I did not sign it, because it says "Defendant's home address:" and lists my work address. I said this is wrong. He said well you don't have to sign it. I said fine, I won't sign it, and he left it with me.
Anyway, I know they probably paid very little for this $2160 debt. 10%? I know people say "pennies on the dollar". So here I am, with a summons to appear in mid-August at a court date. Is it still possible for me to make a settlement offer? I was thinking of offering half. The summons says $2160 +costs. (No clue how much court costs might be.)
My SO makes decent money (but we have almost no savings and don't have loads laying around by any means) and has offered to pay it, clearly prefers to avoid extra costs added to it, and ideally would prefer we try to get a much lower settlement amount. I make $600 working 30 hrs/week. One check every month goes to my student loan which has been refused for income sensitive repayment, and is slightly more than one full week's take home per month. (I don't foresee being rid of it before I'm dead.) Normally I can pay for my own stuff but I know that dealing with this debt now is the only option. So.
tl;dr Got served with a summons from collection agency for a $2160.00 old credit card bill +costs. Any chance they will still settle?