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Expert: - 3/10/2010


Question
I received a letter from law office for correction of the default.  The amount due is $13,500.  The cure amount is $930.  What is mean by "cure amount"?  In the letter, it says that if I don't correct my default by a certain date, they may exercise rights against me under the law.  What should I do?  I am really scared. I don't want to be sued or go to court.  I am willing to negociate to make some payment (but not $13,000 because I don't have the money).  Please give me an advice of what to do now.  Thank you very much for your time

Answer
Kimberly,

The best thing that you can do is go to http://www.naca.net and search for a local attorney to show the letter to. Many will do a free consultation.

I do not have enough information here to assist.

Chris Ebert
http://www.henleycreditlaw.com  

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Chris Ebert

Expertise

I can answer questions for Texas and California residents concerning issues that involve creditor and debtor rights. Specifically, I can answer questions concerning: FDCPA, FACTA, FCRA, and Texas / California state collections violations.

Experience

For the last 6 years I have worked as a Sr. Paralegal in a law firm (http://www.henleycreditlaw.com) that defends debtors against their creditors. I have reviewed thousands of credit reports and under the supervision of our attorney helped hundreds of client resolve their credit issues.

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Henley & Henley, PC

Education/Credentials
BBA University of Texas at Austin

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