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If your financial situation allows, I would advise filing bankruptcy, then you won't have to pay anything and the law firm will have to eat its money from the card company. If you made an agreement that you would pay the regular (minimum) payment plus something on the arrears, I would argue they are in violation of your state debt collection laws. If you just resumed making payments, with no payment of the arrears and late fees, etc., they can indeed go after a judgment.

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Q: What can you do if you are being sued over cc debt even though you have been making reg payments for 8 mos and law firm says the judgment is just in case you stop paying?
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Can you take possession of the car if the borrower stops making payments even though they have been paying for a year?

Only if your name is on the title, and only if the primary borrower defaults and the vehicle is subject to being repossessed by the lender.


Do you still get your taxes even though you have a judgment against you?

Generally, yes. But those holding the judgment may well come after the money...and hiding it from them can tuen to criminal charges. Not paying what you are required to has a way of ggetting worse, and worse.


Can you lose your house after a judgment was put on your house and you have been making payments but now they want the full amount?

Depends on the wording of the contract you signed. Sometimes the ciontract has a clause stating the bank may request all payment to be paid immediatly. I've never heard of it actually happening before though.


Can I get my ex wife to co-sign an auto loan for me?

Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.


If you are summoned to appear to court for a civil judgment hearing for periodic payments and the attorney or law firm that initiated the hearing fails to show can you ask the judge to dismiss?

You may ask the judge to dismiss. He does not have to, though.


What is a cosigner responsible for on a car loan?

The co-signer will be completely responsible for paying the loan if the primary borrower defaults on the payments even though the co-signer will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck their credit. In short, co-signers are responsible in making sure that the primary borrower is able to make the payments on time, and if not, will be their responsibility to continue and settle the payments if the primary borrower fail to do so.


If you send small payments can a creditor still sue?

If you still owe, then yes. If there is any unpaid balance remaining, the lender can sue you once you default on the contract. keep in mind though that you will have an opportunity to speak in court, and if you show that you have continued to pay, and it is the limit of your ability, it is very possible the judge will agree and set what you have been paying as your new payment schedule. It is also possible he will deny the judgment and dismiss the suit.


Can a collection agency sue you even though you are paying?

Yes, once the debt has gone into default, the entire balance is owed. By law, the collection agency does not have to accept partial payments. that they have, though, may offer you a loophole. Take proof of all payment history to court on the day of the hearing and present it to the judge. If you can demonstrate a good faith effort, and a good faith intent to continue to pay, it is possible the judge will not grant the judgment and allow you to pay off the debt voluntarily.


Does my dad stop paying support for me if i have applied for wic at 17?

No, though you are making adult decisions, unfortunately, you are still viewed as a child. Unless he files to have you emancipated.


What happens to child support payments if the father is jailed?

If the father was paying you directly, the payments will, of course, cease. If this is the case you must contact the state for assistance. If you were receiving the support payment from the state, then nothing will change and his payments to reimburse the state will become an obligation/lien against him for which he will eventually have to pay the state back.


Can your in-laws apply for the mortgage using their credit score even though your husband and you would be making the payments and how soon after that can you switch it into your names?

If your in-laws apply for the mortage, the mortgage is in their name and they're responsible for paying the bill. If you pay them in order to make the mortgage payment, you are building their equity, not yours. The only way you can switch the mortgage to your name is for you to buy the house from your in-laws.


How much will cosigning a student loan lower your credit score?

Hi-Cosigning a loan will not lower your credit score unless payments are late, or if the borrower defaults and you cannot make the payments yourself. A cosigner is equally liable for the loan, so if you cannot make the payments, you should not sign.The way that cosigning will affect your credit report is in your debt-to-income ratio. The loan you cosign will show up as part of your debt, so a lender may not want to loan you more money if it looks like your debts are too high.Something that people often overlook though, is that cosigning a loan can actually improve your credit rating if the borrower makes his payments on time. You will get credit for making payments and paying off this debt as if it were your own.