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TOPIC: Unpaid Credit Card Debt

Unpaid Credit Card Debt 1 year 10 months ago #17668

I would like to seek for legal advise regarding my credit card debt.

I have honestly failed tot settle my debt with a bank for my credit card for the better part of this year.

This may have led to the bank turning over my account to a collection agency. A. Molaer Law Firm.

This law firm have just sent me a demand letter stating an amount I need to settle which In my opinion was overkill and overpriced.

They also have pointed out a law or RA called "Small Claims".

My question would be and I have not found a concrete answer to this is, could I really go to jail or have a case based on the Small Claims law or act if I will not settle or if I will fail to settle my credit card debt?

What would be the worst hat I can expect to happen to me?

And lastly, do I need to answer this demand letter from this A Molaer Law firm?
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Unpaid Credit Card Debt 1 year 8 months ago #17738

  • Josh
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Actually, I'm in the same situation my friend. My mother and I have been trying to dig out of 20k of reunion debt. Not a smart move at all. To make matters worse we have lost over 40k in equity on our home. At any rate, I've found that the snow ball effect works, but it takes time and you cannot touch any of those cards while paying on them. That's good that you credit is still high. And remember, you will not ever ever get in jail. For other option, just open a new account and promise yourself that you will be able to follow your monthly payment since I will be given you a reliable and trusted source. Check this out www.ecomparemo.com/banks/bdo/credit-cards
Last Edit: 1 year 8 months ago by Josh. Reason: Wrong spelling
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