I have a $2000. bill to be paid in 10 of $200. per mo. We (wife and I) find this would be a hard thing to do. Can I send $25. per mo . with out causing leagal problems ? The cause is a broken lease.
Answer
Do you have an agreement to pay the $200 that you signed? If so, it can be enforced. That said, the creditor would be better off accepting something rather than getting nothing from you. I would suggest you contact them and explain the current financial situation and send your first payment. If they accept it you likely have an agreed accord and satisfaction.
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