“Dear Steve,
I owe 1300.00 dollars to Chase and they called the other day and I offered to pay them 50 dollars a month but they said no and that it would be turned over to their attorneys. I have paid on time up until Sept. 2010 I was sick for months and then lost my job. I know I owe them money but they will not take what I can afford right now so what should I do?
What can I do to keep from getting sued or will they sue me at all?
lillian”
The Answer:
Dear lillian,
I think we are going to need some additional income first. Was it Chase that called or a debt collection company that is collecting for Chase Bank?
Do you have much in the way of assets?
Are you currently employed?
Do you have any income coming in at all right now?
Don’t panic. There are a lot of good people here that want to help but we need more information. Post your answers in the comments section below.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.