Q: I owe $15000 on a Visa card - I have made regular payments but the bank has opened a lawsuit against me for collection
I owe about $15000 on a Visa card(loan account) the monthly payments were $450/month;last year I had a severe loss of income (I work as a freelancer) so called the bank and asked if I could pay less per month until my situation would change;the bank manager agreed to $150/month instead of $450. I was making the payments regularly every month when the statements were sent accompanied by the payment coupon.Recently I had to call the bank about another matter and it is at that time that the bank manager informed me that they have not received any payment since August; I was surprised and checked my statements and there were no coupons sent for the payments,and since I have many other credit card debts (monthly payments)I had not realized that they had not sent those to me.I paid off the amount I owed since August (150X 4 -including November)so a total of $600 but the bank is suing me at the Sup court.Do they have a case?can they put lien on my home
A: You might have a defense if the bank is reneging its agreement to accept lower payments from you. More details are necessary to provide a professional analysis of your issue. The best first step is an Initial Consultation with an Attorney. You can read more about me, my credentials, awards, honors, testimonials, and media appearances/ publications on my law practice website. I practice law in CA, NY, MA, and DC in the following areas of law: Business & Contracts, Criminal Defense, Divorce & Child Custody, and Education Law. This answer does not constitute legal advice; make any predictions, guarantees, or warranties; or create any Attorney-Client relationship.
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