Creditors come calling
Out of context: Reply #8
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- LastOne0
no matter what you do. answer! if you don't you'll be sorry. yes, its a scare tactic but its serious. it's a court document and it was SERVED on you.
then make a payment arrangment. make sure every converstion is confirmed in writing that way you can prove to the judge that you're trying to make a comfortable arrangment. its not a big debt, they'll settle for half and waive interest and attorneys fees.
the legal interest rate in the state of CA is 10% per diem. so, if you have a $1,500 debt, you'll be accruing .41 a day. believe me, it will add up. if the other side enters a judgment against you, you will have to pay their costs for suing you, attorneys fees (which we all know are excessive), and daily interest, plus the principal amount of your debt.
good luck. email me if you have other questions man. ths sux.