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Okay, so basically I went to court yesterday as I was from this to court by Capital One on the behalf of the lawyers based on Capital One, so they directly sued me.

The lawyer approached me in court to settle out, but the settlement was for, well, the debt overall is $7,000 with any court fees.

And so they pretty much told me I could settle out for $6,000, um, with interest that would incur if I was on a monthly payment.

I was trying to do a lump sum, but I can't afford that.

I'm in economic hardship, and I explain that to the lawyer,

and they're playing hardball,

and I'm trying to find out how can I go about settling for a lower amount.

Well, wow.

So in most states, Michigan, I think, is one of them. They can garnish you your wages, but it'll take them a while if you don't do anything. Okay? So what happens is the lawsuit. They've offered you a settlement, and in the meantime, they're going to take a judgment, okay? The court is going to rule that you owe the money

and didn't pay the money judgment. So when the judgment becomes final, at least 30 days will go by, if not more, before they can execute

on the judgment. Executing on the judgment means that they would scarf money out of a bank

account or garnish you a wage if your state allows those things. Okay Texas for instance does not allow that but I'm

pretty sure Michigan does I'm not an attorney in Michigan so not an attorney anywhere so

but that's that's the type of thing you're facing so there's nothing on fire nothing's going to

happen bad to you in the next 10 minutes.

It's going to be a month or two or six or a year.

Okay?

Does that make sense?

See, one of the things I found is if I can get the panic off,

then I can get my edge back in this negotiation.

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