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Credit Card Debt Collections
So, I have a $2000 credit card debt which I must admit, I fell behind on payments on for far, far too long and it is now in the hands of a more unscrupulous collections agency. They are demanding the full amount now, or at least some kind of settlement of about $1660, or they are threatening to sue me. I've offered to make partial payments, as I don't have 16 hundred sitting around, much less $2000. I've consulted with a few credit counselor types, and they suggest that as long as I am making at least 3% of the payment each month, should it go to court, I've at least got it established that I am now making an effort to repay my debts. Is my understanding correct? If this would go to court, would my making regular payments- albeit much later than I really should have- be enough to give me a little protection? Also, who would pay the court costs if I did make payments, and the judge ruled to allow me to just make more payments?
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