what can you do if you wont to pay off a loan but the attorney still want too go to court

What to do when you can’t pay off your loans?

Nov 01, 2016 · Explain that you can’t make the payments, offer less than you owe, and see if it accepts. This isn’t likely to succeed unless you can convince your lender that you’re unable to pay, but it’s an option. Your credit will suffer if you settle, …

Can I go to jail for not paying my debts?

Jun 26, 2014 · When your business is doing more than $5-10m/year then you might start to think about extending credit at some point in the distant future. Just take the easy way while you still can. Unless you’ve had a job at a collections agency in the past and enjoyed it, get full payment before doing the work. Clients respect people who have standards.

Can you settle a loan if you can’t pay?

Jun 16, 2016 · This will obviously depend on the amount of money they borrowed, but it would be applicable for amounts less than $500. This means that you get to hang out with your friend and show your support whilst still getting some sort of compensation for the loan. Taking Legal Action. Firstly, assess your friendship.

Can a creditor take my business assets to pay off debt?

In such cases, you can ask the judge to remove the lien. However, this can be difficult to prove so it is important to have clear proof of improper behavior; File for Chapter Seven Bankruptcy: You can file for bankruptcy in order to remove the lien, as previously discussed.

How do you negotiate a Judgement settlement?

Here are 10 tips for negotiating with creditors and collection agencies.Stick to your story. ... Avoid drama. ... Ask questions. ... Take notes. ... Read (and save) your mail. ... Know what you can afford. ... Deal with creditors, not collectors. ... Get it in writing.More items...•Sep 13, 2019

Can I refuse to pay a debt?

Although there may be instances where doing that may violate your rights under fair debt and credit laws and other must know consumer statutes, it is usually legal to refuse partial payments. In such situations, your best bet to get rid of that debt may be to consult a debt settlement or bankruptcy attorney.Aug 27, 2012

Why you should never pay collections?

Having debt in collections definitely negatively impacts your credit score. Paying off the debt will likely improve your score with credit bureaus that use FICO 9 or Vantage Score 3.0 or 4.0 — the newest versions of credit scoring.Sep 7, 2021

Can you go to jail for not paying debt?

Can You Go To Jail For Not Paying Debt? (including student loans & credit card debt) The short answer is no – you will not go to jail for failing to pay back your debts.

How Do I Remove A Lien from My Property?

Removing a lien on a property can be a complicated and stressful process, and it prevents you from selling your home until the lien is removed. Bel...

Does A Property Lien Affect Title?

A property lien can put a “cloud” or irregularity in the chain of title of a property. Clouds on title are discovered during a title search. It is...

How to Remove A Lien After A Debt Is Paid?

For purposes of selling or refinancing a home, it’s important to remove a lien after a debt has been fully satisfied. To remove the debt, you must:...