Expert: Creditwrench - 6/3/2008

Question
Hi, my wife had a credit card a few years ago through Providian bank, and due to a job loss, she let the card go, she made the last payment in 2004, but the CC company refused to work out payments. Right now the total debt with interest is about $2800. The debt has now been sold off as of 2005 and they have sent her a summons.

So my questions, what do we do next? How do we answer the summons? Neither of us has ever been to court for more than a traffic ticket so we do not even know where to start.

We know they will get their judgment, and th be honest don't care because we know we owe the money, but how do they expect payment in this situation, there is no way we can pay a lump sum, will there be arrangements made or will they garnish wages? We live in Utah, we really don't know a lot about this process, so any help would be appreciated.

Thanks!

Answer
What state do you live in? Providian debts are now out of stat for most states. If it is out of stat then you really don't owe the money any more and the debt is uncollectable.

Furthermore, do you really owe the amount they are asking for? Most likely not. Even if you pay the debt Providian won't get a crying dime because they sold those debts long ago.

So what your response might be probably depends on what state you live in.

Bill Bauer
405-684-9297
405-227-9423

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