I am filling out a response for a judgement agains

I am filling out a response for a judgement against me by a creditor/ attorney. it was credit for a bowflex.
i have paid the origianl amount in addition to almost $1000 interest already. now they want $2000 more.

my question is: is there any legal support for having the amont reduced because it is all interest -

2 Answers

Soaplady is right. Follow the instruction that has been given by her.


What you are responding with is NOT a valid defense.l  When you signed your contract to purchase, you agreed to the interest rate they were charging. Simple math...when you buy a house you pay 3-4 x more than what you borrow....that is how loans work.  Also, when you make a payment each month, you payment goes to interest first, then principal...so the balance remaining is principal, not interest.

You can call the attorney handling the account and ask for a settlment.  They are under no obligation to give you one, nor can the court force a settlement.

 

 

 

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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