You should consult with a consumer attorney, look at naca.net. The attorney can advise you as to whether you have defenses such as statute of limitation?
The answer given is for informational purposes only and does not constitute legal advice. Dwight Bowen is a bankruptcy and consumer attorney and may be contacted at (404) 880-3310.
You should make sure it is your debt. it is not your debt or if key paper work is missing, you might have a defense. If it is your debt, the fact that you are not able to make payments is not a defense. The one way to prevent a judgment against you is to enter into a settlement agreement. If you can't make any payments at all you will have to live with a judgment against you.