Possble lawsuit filed by Credit Card Company.
THE last few days, I have been bombarded by solicitations from Law Offices regarding debt that is owed. They mention that there is a lawsuit filed by a credit card company in which my wages are either going to be ganished or a lien is going to be placed on my property and they are willing to assist in finding a solution.I have been devastated by divorce and prior to a year ago, had never missed a payment-always paid on time with credit cards. Unfortuntantley,the minimum amount required and the amount offered to settled is not within my budget. To setttle, these companie are asking for two big installments, which isnt practical. if i had the money, dont they think I would have paid already? I pretty much have nothing,except a House that I continue to wait for loan modifcation paperwork. This has caused much stress and distruption to my everyday life. In dealing with these companies, it isnt so much that one cant pay, its more that one cant pay the amount they are asking. Unless its what they want, paying something is more like paying nothing. If you pay one credit card company, the others seem to hold it against you so its kinda like "PAY ALL OF THEM OR DONT PAY ALL OF THEM".
My question is: For someone that doesnt have much, what exactly does this credit card company want? I cant give them what I dont have. The possibility of going to court isnt something I wish to do. What is going on and what are my options?