“They Don’t Give a Crap About You”

[Music] brought to you by the every dollar app start budgeting for free today okay so um basically I went to court yesterday as I was summonsed to court by Capital One on the behalf well the lawyers based on Capital One so they directly suit me um the lawyer approached me in court to settle out but the settlement was for well the debt overall is 7,000 with the court fees and so they pretty much told me I could settle out for ,000 um with interest that would Ur if I was on a 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 not they're playing hard ball and I'm trying to find out how can I go about settling for a lower amount well um wow so so in Most states uh Michigan I think is one of them they can garnish your wages but it'll take them a while if you don't do anything okay so what happens is the set the the the lawsuit they've offered you a settlement and in the meantime they're going to take a judgment okay the the 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 uh 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 okay see what one of the things I found is if I can get the Panic off then I can get my Edge back in this negotiation you went down to court which is so unusual I'm really shocked that this only offered you a six grand settlement on a $7,000 balance I I would have guessed they would have offered 50 cents on the dollar hoping you would offer a quarter on the dollar we generally can get most of these bad credit card debts to settle for somewhere around you know 15 to 20 cents on the dollar all we do is just call them up and yell at them okay and your financial hardship really doesn't matter to any of them they don't give a crap about you the lawyer Capital One the judge none of them do okay okay so that they don't your story holds no water whatsoever crime a river as far as they're concerned okay now I understand what it does it it pinches your emotions and it keeps you terrorized and it makes you you know have things in your throat that you know and you know gulp gulp gulp I I've been there I remember these you know little sweat in the palm of your hands you you had some pretty big courage to walk into that courtroom am way to go thank you I'm very nervous I I bet I bet but it it's kind of funny though isn't it I mean it's like the first time I ever got a speeding ticket and it's first of many um but I I went to traffic court and traffic court is like nothing I mean I I was more scared of my sixth grade teacher than I was Traffic Court traffic Court's a joke you go in there and they go oh you showed up okay we'll weave the ticket right your first one most places I do that right you bother to show up and did you kind of have that experience it's like you were all scared and you thought you were going down there there was going to be like a trial and they were going to you know have a jury and Matlock was going to come out or Perry Mason or somebody and it's just like nothing you're just like a in a you're down there in the middle of a grinder and they're just making hamburger meat taking a number at the deli our next did you notice that yes there's really no drama is there no yeah not what I imagine yeah so not like you're brain had told you for the 3 days before you went down there so the same thing is true now of settling this okay they they put this out there as if it's their only thing they they're going to do their chances of actually collecting anything from you statistically is zero 98% of the people in your situation end up filing bankruptcy or just disappearing and they can't find them they all they collect almost none of these judgments and they know that so they and and they they were so shocked that an actual human being showed up they didn't know what to do it never happens so all that to say is this you owe $7,000 you can probably sett all that for two grand and I want you to scrape together two grand really really fast what do you make um I'm I I have two grand um so actually I'm an independent contractor I do cosmology you do have 2,000 I can I yeah I tried to say so I end up calling them back yesterday after the court hearing because I had to do another motion to say payment installments of I could afford $100 no don't do any payment no payment installments no do not give them any payments I already have the motion put in for file day so I don't know what to do with that like I had to do another motion for them you know for payments you took an installment plan as a motion yes okay call the judge and tell them you can't do it okay just tell them pull that out because it's just say I I looked at my budget your honor I'm sorry I can't do it I can settle with them for $2,000 and that's all I can do I don't have room in the budget to do this I was just scared and I shouldn't have filed that I'm sorry and just tell the tell the court clerk that and tell them to pull the motion off the docket okay okay they'll do it and and then call up Capital One boy and tell him that you talked to your financial adviser and your financial adviser told you to file bankruptcy if he won't take the two grand because I just told you to do that I really don't want you to do that by the way but I did just tell you that so you can tell him I said that I mean yeah I I I honestly was my next option because no you're not bankrupt you don't you don't need to file bankruptcy you need to just you need to Bluff okay okay just walk away just go all I got is two grand if you want some money Bubba here's some money if you don't want some money we got nothing else to talk about cuz I'm not paying you payments and if you come after me and start messing with my my paycheck I'm going to file bankruptcy on you so you're going to get nothing I'm a chapter 7 tell him this tell him my a financial advisor said I'm a chapter 7even looking for a place to happen okay yeah he'll know what it means yeah CU you are and he knows the he knows the same statistics I know that as soon as he pushes you to the wall and garnishes your wedges you're going to file and he's going to get nothing now I am not saying you're bankrupt you're not Amber cuz you're going to scrape together 2,000 now here's what we're going to do he's not going to take it today but if you keep pestering them they might take it in the meantime pile it up to 3K and up your offer and keep upping it until you get it settled and settle it for a lump sum for pennies on the dollar 50 cents on the dollar Max 3500 is Max until then just beat the snot out of them just worry them call them every day y'all ready to take some money I got money y'all want the money when are you'all going to take my money I'm begging you to take my money I'm calling you to take my money you don't have to call me I'm calling you and just just have fun with this create your free every dooll budget today the simplest way to budget for your life