Warant in debt

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helpwithmycredit
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Subject: Warant in debt

Wed Oct 14, 2009 10:19 pm

After I get a warant in debt to appear in court, can I still settle out of court?

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4124

1011 Magic Points

Wed Oct 14, 2009 11:27 pm

Hello Help, There is still a possibilty to settle the debt out of court. You could call the collection agency and ask if their is a way to either make a debt settlement or pay the debt off. Most will work with you since it is a lot better than the cost and time it takes to go to court.
I doubt they will drop the court case. Chances are they will just have it continued until they would see if you paid the debt. Best thing is to just call.

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1093

25288 Magic Points

Thu Oct 15, 2009 4:44 am

Hi Helpwithmycredit,

Yes, definitely. You can either call the collection agency or send a debt settlement offer letter to them. Most of the times the collection agencies agree to settle the debt out of court, since continuing a court case means wastage of time and money for them. Try and negotiate a repayment plan with the CA. But before you do that you must calculate the amount you can pay them.

Hope this will help you.
_________________
All the Best Smile

Justin

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