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Message
re: Legal Advice: GF Credit Card Debt Lawsuit
Posted on 1/10/22 at 3:36 pm to deeprig9
Posted on 1/10/22 at 3:36 pm to deeprig9
Thanks for the reply.
The firm she contacted is the one suing her on behalf of Capital One.
The settlement amount was for one time payment, they also offered to pay in full through payments.
I believe the suit would be dismissed upon payment.
She did not think it would escalate to being sued and planned to settle it when she received a large sum she is owed from a previous business deal.
The firm she contacted is the one suing her on behalf of Capital One.
The settlement amount was for one time payment, they also offered to pay in full through payments.
I believe the suit would be dismissed upon payment.
She did not think it would escalate to being sued and planned to settle it when she received a large sum she is owed from a previous business deal.
2
Posted on 1/10/22 at 3:53 pm to 10 31 1861
File an Answer and show up at the trial. They will be more willing to cut it down much lower
Posted on 1/10/22 at 4:10 pm to 10 31 1861
quote:bro that’s like a week’s worth of OnlyFans. Tell your girl to start hustling
The law firm she contacted today offered 6.5k and 2.7k as settlement options
Posted on 1/10/22 at 4:18 pm to 10 31 1861
quote:
She did not think it would escalate to being sued
What are they going to do? Sue me?...
quote:Suuuure...
planned to settle it when she received a large sum
quote:
when she received a large sum she is owed from a previous business deal
Maybe she should file her own suit.
Posted on 1/10/22 at 4:35 pm to 10 31 1861
quote:
Easy man.
Many millions of people deal with credit card debt.
I think it’s different for each person, but it’s really not that inconceivable when you consider the way these cards work.
I understand. I know most people need to use credit to make big purchases. But the idea is to pay them off, not just keep spending on them until you can't pay.
Posted on 1/10/22 at 4:49 pm to 10 31 1861
quote:
Not uncommon to have 0% interest for the first year or two then a huge spike in interest that can spiral into a situation that makes it hard to keep up.
You either have codependency issues with this woman or you are both perfect for each other. I can see bankruptcy in the future if this is really your outlook.
If someone offered to cut my debts by 20% I’d be happy and pay immediately. I’m not sure what advice is needed.
Posted on 1/10/22 at 4:51 pm to 10 31 1861
If she takes that deal, and you end up marrying her. Do you realize how much harder it will be for you to get a mortgage?
Posted on 1/10/22 at 7:06 pm to TigerintheNO
quote:
If she takes that deal, and you end up marrying her. Do you realize how much harder it will be for you to get a mortgage?
Deal or no deal her credit is shot.
Better to try to clear the debt and keep a judgement off her report
Posted on 1/10/22 at 7:08 pm to 10 31 1861
I’m legit surprised they sued for 11k.
Prob could have had a better settlement before this point.
Can she pay the one time amount?
Is Cap One suing her, or did they sell the debt and someone else is suing her,?
Prob could have had a better settlement before this point.
Can she pay the one time amount?
Is Cap One suing her, or did they sell the debt and someone else is suing her,?
Posted on 1/10/22 at 7:53 pm to 10 31 1861
Counter their offer and set up monthly payments.
Posted on 1/10/22 at 8:10 pm to 10 31 1861
8 months and you’re on the hook for 11k, that’s gonna multiply over time with her spending...any advice? Try running away from this
Posted on 1/10/22 at 8:32 pm to 10 31 1861
CAP ONE STAAAAAAAAAAAAAAAAAAAAAAAAACKED
OP FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKED
OP FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKED
Posted on 1/10/22 at 8:48 pm to LSUFanHouston
I think it’s Cap One suing.
I’m surprised as well. I think it’s because she stopped communicating with them.
She can’t pay the one time amount as it sits now.
I’m surprised as well. I think it’s because she stopped communicating with them.
She can’t pay the one time amount as it sits now.
Posted on 1/10/22 at 8:53 pm to 10 31 1861
One thing I don’t quite understand and is how the leverage shifts so drastically once a law suit happens.
If the creditor is typically open to settlements at 40-60% or even larger amounts off the account total, why does it shift to virtually zero flexibility once they sue?
If the goal is to get money I don’t understand why they wouldn’t be nearly as flexible after a law suit.
If the creditor is typically open to settlements at 40-60% or even larger amounts off the account total, why does it shift to virtually zero flexibility once they sue?
If the goal is to get money I don’t understand why they wouldn’t be nearly as flexible after a law suit.
Posted on 1/10/22 at 9:00 pm to 10 31 1861
everyone makes mistakes but it sucks she's making it your problem too. don't tell her you love her on paper. imagine what she'll do with your cards.
Posted on 1/10/22 at 10:44 pm to 10 31 1861
quote:
f the goal is to get money I don’t understand why they wouldn’t be nearly as flexible after a law suit.
Because they can, then they add all the legal fees on top of it. If you catch them before the suit, they’ll work with you.
Posted on 1/11/22 at 7:40 am to 10 31 1861
quote:
One thing I don’t quite understand and is how the leverage shifts so drastically once a law suit happens. If the creditor is typically open to settlements at 40-60% or even larger amounts off the account total, why does it shift to virtually zero flexibility once they sue? If the goal is to get money I don’t understand why they wouldn’t be nearly as flexible after a law suit.
The leverage is before a lawsuit is filed. Once they turn it over to lawyers the lawyers have to get paid. The CC has to pay lawyers a percentage of their recovery, so they are less willing to negotiate. Lawyers get paid based on the amount they recover, so they want more. And, lawyers do this thing for a living every day. They will get much higher settlements and are happy to just go to court and get the judgment. It’s easy work, the cases are guaranteed winners and the defendants have no defense. The only risk is the defendants filing bankruptcy. The leverage for the consumer is gone the moment it goes to the lawyers hands.
Posted on 1/11/22 at 10:02 am to go ta hell ole miss
And once you have judgment a wage garnishment isn't hard at all in LA. You can really clean up filing in JOP courts. And filing fees at city court aren't bad either.
Posted on 1/11/22 at 10:06 am to 10 31 1861
I found myself in a similar situation with a former SO.
While I empathize with people who have gotten deep into debt, it's not something I am compatible with.
Good luck, OP.
While I empathize with people who have gotten deep into debt, it's not something I am compatible with.
Good luck, OP.
This post was edited on 1/11/22 at 10:11 am
Posted on 1/11/22 at 10:21 am to deeprig9
quote:
I have been out of the business for many many years, but here's my advice-
If the lawsuits have already been filed, settlement time is over. They will go to court and pretty much get everything they ask for, plus fees and expenses etc. They hold all the power at this point.
The lawfirm she contacted, is it the same firm that is suing her?
If it's a different firm, what's she paying them?
Can she pay those settlements on a plan or will it be due right away in full?
With those settlements, would they still become judgements or would they dismiss the suit?
5 short sentences in OP isn't enough info for anyone to be able to give sound advice.
quote:THIS!
I have been out of the business for many many years, but here's my advice-
If the lawsuits have already been filed, settlement time is over. They will go to court and pretty much get everything they ask for, plus fees and expenses etc. They hold all the power at this point.
The lawfirm she contacted, is it the same firm that is suing her?
If it's a different firm, what's she paying them?
Can she pay those settlements on a plan or will it be due right away in full?
With those settlements, would they still become judgements or would they dismiss the suit?
5 short sentences in OP isn't enough info for anyone to be able to give sound advice.
Everytime I've been in court, and it's way more times than I can remember, there is always a case concerning CC debt. Only thing you can hope for at this point, is the judge grants a plan. They will get the full amount of the debt owed, plus interest, plus fees and court costs. If your GF doesn't adhere to the plan, wage garnishments will come next. If she had no intention of paying that debt, she would've been better off filing bankruptcy.
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