Monday, August 8, 2011

Would a judge forgive a debt?

I've been sued by Capital One for breach of contract and nonpayment of my credit card. I had an excellent payment history (never late even once) up until I lost my job back in September 2009, and haven't been able to find gainful employment since then (I have another job, but it doesn't pay nearly enough). I tried and tried and tried to pay my bill to Capital One (including working something out with Capital One on several occasions, but they refused to help me), but I just couldn't. My rent, utility bills, groceries, gas for my car (which I need for work), etc. were more important to me than paying off something that I don't need in order to live. Now, before you go and judge me by saying "you should've lived within your means blah blah blah," I stopped using this card two years ago several months before I lost my job and have only been using what I get from work to pay for things. The majority of what Crapital One is asking for in the lawsuit is outrageous interest and fees. And I tried making payments, but the further I got behind on my bills the harder it got for me to pay off the balance that just kept increasing (even though I wasn't using my card). It got to the point where I had to stop making payments on my credit card because I needed to live. If I were to explain to the judge my story and why I couldn't make payments and make the judge realize that Crapital One is a multi-billion dollar entity that can spare a few thousand dollars and I didn't even make $10,000 during the entire year of 2010, what is the likelihood that I could get this debt forgiven? I just want other people's feedback before I go and make a fool of myself in front of the judge. But seriously, please don't badger me about how I should've payed my bills. I tried, but I just couldn't. I've been through hell these past couple years from loss of job, and I'm just trying to get back on my feet.

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