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Cheapsushi

DISCOVER - Attorney Placement

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Ive been out of work for TWO YEARS. I was keeping up with payments but things became so critical I had to stop paying on the card. I found a so-so job 2 months ago. (WHOOO HOOO).

Anyhow I just got a letter from Discover saying Im $944 past due with a balance of about $6400 and they plan on suing me. Thing is I only have about $700 in my account.

I live in Illinois. I have NOOOOO idea what to do! I cant afford an attorney. I cant afford to pay them $944! Plus I have a car repair looming over my head.

I am desperate! I need advice. :(  I hope Im posting this in the correct area.

Im close to having a panic attack here. A real one. I have an anxiety disorder.

PLEASE HELP :(

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discover will sue...Have you called and asked them to set up another plan? With them ,if it was me, i would try to settle before law suit.

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I only have $700 in my account. Will they take a payment program?! I dont know what to do! I just literally got on my feet.

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They do have hardship programs. 

Talk to them. Explain the situation.  They would almost certainly work out a payment plan rather than having to sue.  

Realize, if you make the payment plan and don’t keep up with it then you are in trouble.  

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When you say I would be in trouble.... what do you mean? What can they do to me? I have no money. I rent my home. I dont have a car payment. Im 49 years old and Ive NEVER been in this type of situation before. Its embarrassing depressing and pretty darn scary. 

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55 minutes ago, Cheapsushi said:

When you say I would be in trouble.... what do you mean?

You need to completely understand what a new payment agreement would mean.  Because you are already seriously in default and they are dangerously close to suing they will not just agree to new payments.  They will expect you to sign a consent judgment. That means if you fail to make even ONE payment they do not have to sue you to collect.  They merely have to file the consent judgment you signed with the court then they can take legal actions to collect.

57 minutes ago, Cheapsushi said:

What can they do to me?

The biggest weapon they have at the point they have a judgment is garnish your paycheck.  And no, they do not care if it is a "so-so" job and you cannot financially survive with 25% of your paycheck being garnished. Another is to wait until your paycheck hits the bank and levy the bank account taking the whole thing.

Before you agree to a new payment plan or consent judgment make sure it is an amount you can afford for the entire length of the agreement.  While you may not own tangible assets for them to come after they do have legal remedies which will not be pleasant if they take them.

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Its simple..If they havent filed suit call them and make them an offer..say 50% of amount...say 3000.00 ..Then ask them to set it up on 12 or 24 month payment plan. They would rather get something than have to play ring-around - the rosie. Try to stay in contact with them hrough out this  situation. If you dont that become harder to work with and i know this from first hand experience.

 

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22 hours ago, THELEGEND said:

Its simple..If they havent filed suit call them and make them an offer..say 50% of amount...say 500.00 ..Then ask them to set it up on 12 month payment plan. They would rather get something than have to play ring-around - the rosie. Try to stay in contact with them through out this  situation. If you dont that become harder to work with and i know this from first hand experience.

As I understand it, the OP doesn't owe approx. $1000, he is past due by that amount and the total outstanding balance is $6400.

Is bankruptcy an option?  

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26 minutes ago, nobk4me said:

As I understand it, the OP doesn't owe approx. $1000, he is past due by that amount and the total outstanding balance is $6400.

Exactly. They aren't going to sue for only $950 when the total amount owed is $6,400. They will sue for the whole $6,400. And Discover doesn't bluff. If you got a notice of intent to sue, they will sue if you don't work something out. 

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1 hour ago, Harry Seaward said:

Exactly. They aren't going to sue for only $950 when the total amount owed is $6,400. They will sue for the whole $6,400. And Discover doesn't bluff. If you got a notice of intent to sue, they will sue if you don't work something out. 

My bad i meant 3000.00 not 500.00..

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