SolTraveler

Last week I posted asking advice - I was being sued by a credit card company because of a balance on a card in my name that my ex-husband ran up.

Anyway, I called and settled. They were asking for $1470 plus additional interest plus court costs plus lawyer fees. All in all, it worked out to about $2700 had we gone to court. I settled for $1232. I tried getting it reduced but they weren't going for it - the actual credit card company sued me, not a third party debt collector, s they weren't quite as willing to take as big of a loss.

It was a tetch more than I wanted to settle for but I guess considering it was less than half of what I would have spent had the judge gone their way in court (and they would have - I did owe it), I am ok with it.

Lesson learned though. I have one more balance out there for more than $700, which is the minimum they can sue for in small claims in Texas, so I will have to get the money together and settle that account too rather than go through this again.

Thanks to everyone who replied to my original post - you really kept me sane last weekend!!!

Alex

LexieCat

Glad you got it resolved. Yup, it's often cheaper in terms of peace of mind to pay the money rather than stressing over a couple hundred dollars.

CompletelyLost4

Glad that you have it resolved and out of the way! One less thing to worry about.