Sued by Velocity Investment for a debt (30k) from Lending club. Business got messed up and all the money gone. I responded (denied) and filled a motion for arbitration, the court sent a Scheduling conference email to me for this Friday. Pls, I need help on how to go about this.
1) Should I call Velocity for a settlement, is it late? 2) What are my chances and best defense points upon arbitration if it is granted? 3) Any way out of this with my head high? 4) If I can negotiate, any idea on how velocity investment llc goes in terms of how much percentage I am likely to get?
Thanks so much for all that you guys do.
My roommate signed for a summons for me, had not been aware. I found the court date was postponded on Maryland Judis., so I check today since I have not gotten anything in mail and I see that on 9/16/2020 a judgement has been entered. What does that mean and I'm in the middle of refinancing my house? Is it possible to negoicate and get the balance reduced and if so how do I go about finding who to contact? There is a local attorney listed , is that whom I contact? Can they lien my property? I was refinancing because of the covid and not being about to pay my bills and my mom was going to co-sign for me..will this judgement impact her if she goes on the motrgage with me