A few years back I hit a rough stretch and defaulted on a Credit One Credit Card under $1500. It was pay the power or grocery or ignore this and so I ignored the Credit One account. Now I have a civil action against me by Midland. They provided documentation etc so I do not know anything they have done wrong.
Of course I do not want to pay it but the bigger issue is that I can not pay it (unless were spread out in many many small payments). I understand very little about these things but assume under 10K there is no arbitration magic or any magic answer I can file that would make them move on and try to collect from the people who just do not even respond. I really have no assets I drive 25 year old truck as daily driver and all my bills do get paid but on the very last day possible. I am just a drug free guy who works hard but barely making it. Is there any response I can file that might make them say," He is not worth it?" I know it may be a stupid question but I would rather know the truth even if it sounds stupid.
If there is no way to escape the hand I "dealt myself" then I really do not know what answer to file but I understand filing a answer even if weak is better than a default judgement? Can I just answer explaining my financial situation. I understand this is not a "get out of jail free card" but perhaps the judge be more sympathetic than any agreement dealing straight with Midland and maybe judge allow smaller payments be drafted from my checking account than Midland would have accepted? If this is even how it works.
I have not called midland as of yet. I assume their #1 choice is for me to do nothing so they get default judgment or #2 that I phone them and settle (which I surely could not do in a bulk payment. I guess my main question is if a file answer explaining the details of my my financial situation what is most likely and least likely to happen?
I appreciate any input or advice. This board is a blessing. I am just a regular guy trying to get family thru Christmas.