GoFuckYourself.com - Adult Webmaster Forum - View Single Post - My friend owes $25,000 on his credit card, he asked me for help.

AsylumN · 01-20-2005, 04:47 PM

My friend owes $25,000 on his credit card, he asked me for help, no, not financially, just help on what to do, so I thought maybe GFY'ers would be able to offer some advice. Here is the situation.

He owed originally $20K on the card, but did not make a few payments because of financial issues, but now he was sent to collections and a arbitor issued a judgment against him for $25,000 (after attorney fees and such)

So now he must pay $25,000 on a credit card. He doesnt want to file for banmruptcy. What can he do now that a arbitor has issued a judgement against him? Can he offer the credit card company a partial payment on the account and call it even? He sais he can pay $15,000, but not $25,000.

What are his options, besides bankruptcy? Thanks for the help guys!

01-20-2005, 04:47 PM
AsylumN Confirmed User Join Date: Mar 2003 Posts: 625	My friend owes $25,000 on his credit card, he asked me for help. My friend owes $25,000 on his credit card, he asked me for help, no, not financially, just help on what to do, so I thought maybe GFY'ers would be able to offer some advice. Here is the situation. He owed originally $20K on the card, but did not make a few payments because of financial issues, but now he was sent to collections and a arbitor issued a judgment against him for $25,000 (after attorney fees and such) So now he must pay $25,000 on a credit card. He doesnt want to file for banmruptcy. What can he do now that a arbitor has issued a judgement against him? Can he offer the credit card company a partial payment on the account and call it even? He sais he can pay $15,000, but not $25,000. What are his options, besides bankruptcy? Thanks for the help guys! __________________ SexSearch