Posted by Val Vigil on 10/22/07

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Please help. I am a resident physician (make very little
money working >80 hours per week as a physician in
training in the hospital) with a large debt, and VERY
little legal knowledge. I defaulted on credit card
payments for the first time in 2003, when my "special"
interest rate shot from 2.5% to 18%(total debt around
28,000). I contacted the company ahead of time but of
course the answer was " you actually have to default on
payments before anyone can help you". Ridiculous! Anyhow,
since that time I have been periodically recieving demands
for payment in full, and have mailed MULTIPLE letters
pleading for payment plans, to no avail. I moved a year
ago, and apparently during that time they filed an ??
arbitration?? which was of course uncontested since I
didn't know it was going on. Now I have been served papers
to show up in court for a "petition to confirm arbitration
award". Can someone please help me understand what is
going on and the smartest way to handle it? I have no
access to a lump sum of money for this debt. ??
I would really appreciate some good advice. Cannot afford
legal assistance, don't even know if it would help.
Val Vigil vvigil@stanford.edu

Re: Wolpoff and Abramson Arbitration, 10/22/07, by Gary Ricin.

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