Hello, I am so upset and scared right now I can barely type! I was served papers today from ASSET ACCEPTANCE LLC, who has aquired an old debt from Fleet Credit Card. It was for about $8000.00 however over the years with interest at 20% and Im sure other fees, its now up to $13000.00 This account was charged off in 12/2000 and was purchased by this Asset Acceptance Company in 10/2001 ( this is per all the info in the papers I was served. I have 20 calendar days to respond with a written response to the court and to the Plaintiffs Attorney of which there address, name and phone number is provided. Needless to say I dont have $13000.00 to send them..big surprise! However I would like to make payments and dont want them to garnish any wages...WHAT DO I DO NOW? What type of letter should I send to the court and the attorney? I just want to make sure I do the right thing here and say the right thing....I am not disputing the debt, it is valid, however at this point I just want to make payments and avoid anything further. And, what type of things can they garnish or take? We have no savings, a small 401K, and a truck that we owe about $8000.00 thats a 1999? Can they take these things? What about my house? I am so scared and on top of this Im pregnant, so I dont need this stress! If ANYONE could give me any advise as to what I can do or should do I would be SO GREATFULL! I am just sick that we just chose to ignore this debt, instead of being responsible adults and dealing with it years ago! Again, any assistance would be greatly appreciated! HELP! Michelle
