Credit Card Company is taking me to a pretrial court?
I had the credit card since 2002 and paid almost $100/month for five or six years. At least three times, I gave them $1000 or more to reduce my interest, but they would never co-operate.
About a year and a half ago I couldn’t keep up the monthly payments. Again, they would not resolve a deal with me. At that time I owed them around $2,500 dollars and cancelled the card.
Now, the lawyers representing them are asking for over $4000.
I have to make an appearance at a pre-trial conference (Pluries Summons)
My question is it better to settle with the lawyers who want $3500 and payments of over $150/month which is beyond my budget, or will the court help me pay this back according to my budget?
I have lost all my paper work, but have my income tax statement.