If you've received legal papers from a debt collector can you still try to make a settlement?

Answer 1

yes,

Creditors and collectors most of the times send legal papers to threaten the consumers.

Most of the times they prefer to settle out of court, as it is more beneficial for them also.

They at times send legal papers to those consumers also that cannot be garnished.

Please read this post of mine, I posted earlier.

"Please provide few more details to come to a conclusion.

1. Your state

2. Employment status

3. How old is the debt

4. When was the debt assigned to the collection company?

I know a law firm that can help you delay the trial and get an out of the court settlement.

I would really appreciate if you can answer all these questions.

The reason I would like to know these is,

Your state would inform me about the Statute of Limitation for your state. (Do a Google search and you wud get to know what it is)

Employment status would let me know if your pay checks can be garnished or not.

If your paycheck cannot be garnished (Self- employed, retired, unemployed), you are most likely to get a very good settlement offer from the collection company even out of the court.

3 & 4 would again help me get an answer to the Statute of Limitation for your state.

If you need any more help, please contact me on my Message Board.

Thanks!

This is not legal advice, just a friend helping another. :) "

Check if your paycheck can be garnished, if not.... make sure you strike a nice deal with them out of the court. :)