How can I get a creditor to accept my offered payment?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
How can I get a creditor to accept my offered payment?
I owe money for a car that was repossessed. They took me to court apparently received the judgment but I was never notified of court date. Now finally I have contacted them and explained I can afford not more than $75 a month and sent a budget plan. My bills are $2200 a month and I make just under $2400 guaranteed a month; it is very tight. They said they won’t take anything less then $150 but that will break me. They’re are always extra bills that come out of no where. I gave my monthly payments not all my past due payments. What can I do before they garnish my wages because that is what they say they will do?
Asked on January 5, 2012 under Bankruptcy Law, Michigan
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Unfortunately you cannot force the judgment creditor to accept the amount that you have offered to try and reduce what is owed on the judgment against you. All I can suggest is that you continue to stay in contact with the creditor's representative and try to negotiate out a deal that you can afford on a monthly basis.
I realize that economic times are tough. Possibly you could consider getting a second job on a part time basis to bring in a little bit of extra income to assist in your bills?
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.