Once there is a default, they figure they can sue and work out a settlement with you under court supervision. The difference is that a payment plan or settlement worked out in the court lawsuit must be approved by the court, becomes a court order and is enforceable as an order of the court.
Go ahead and call to try and work out an arrangement. But, that’s how collection attorneys think.
Andrew Myers of Derry has law offices in Derry and North Andover. He is a member of the American Association for Justice and the New Hampshire Trial Lawyers Association. Send questions to firstname.lastname@example.org.