back with the best of my ablitiy. Can i ask them question too. I owe 15,400 there no way i can pay this back. Can they take my cars. what is the best way to go about this. I have afford a settlement, but they said no.
To specifically answer your question, the law firm sent you questions called Interrogatories. If you answered them to the best of your ability, then you should be okay. Typically, the law firm will send you a letter detailing their view of the deficiencies in your answers. Then, if you do not respond or do not answer the questions to their satisfaction and within the law (there are discovery rules), then the law firm will file a Motion to Compel seeking a court order requiring you to answer the questions and/or be sanctioned.
You can also submit interrogatories to the law firm/credit card company and the same rules apply.
As the others indicated, there is no requirement that the creditor accept payments. I strongly advise against the debt settlement companies. A local bankruptcy attorney can give you some options.
If you have no legal defenses, they will most likely obtain a judgment. Not being able to pay back the debt is not a legal defense. If they obtain a judgment, they will most likely initiate post-judgment legal collection methods, such as wage or bank account garnishment, depending on your state's laws.
Also, they are not required to enter into a settlement with you. They may, but, as I said, they are not required to.
You may want to consult a debt settlement attorney or a bankruptcy attorney to see if that is a viable option for you. Best of luck.
Talk to a local attorney.
First, you can ask them questions as well. Keep in mind that ability to pay has no bearing on your case.
Second, if you have any defenses, raise them in your case or you may end up waiving them.
Third, whether you can protect property depends on state law. Creditors have to ask about it first, get a lien on it (no equity and a lien is worthless), and then act on that lien.