In order to payoff debt faster I am considering debt settlement. However, if I pursue such action there is a potential of a lawsuit and collectors harrassing me until the debt has been settled and paid.

Thus, my question is in regards to the state laws in Virginia to protect consumers in a debt settlement process. For example in Texas debt settlement clients will have their wages completely protected from being garnished, which will give the collector all the more reason to settle. Furthermore Texas’ law states that the cease and desist letter will not only stop the third party collectors from calling but also the original creditor as well.

Does Virginia have similar laws? Thank you in advance for your help as I am unable to find any resources on the web.

Do you have the statutes on the C&D for an OC in Texas? I have not heard that before and would like to research it. Here's a little bit on VA:

VIRGINIA

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VIRGINIA STATE LAWS

Interest Rate: Legal:8% Judgment:9% or contract rate whichever is higher

Statute of Limitations
Open Acct:3 Last charge or payment
Written Contract:5
Domestic Judgment:20
Foreign Judgment:10
Sales of goods under article 2 is 4 years

Bad Check Laws (civil penalty): Lesser of $250 or three times check amount

General Garnishment Exemptions: See federal law below.

Federal Garnishment Exemption

Federal Law exempts from garnishment 75% of disposable earnings per week,
or an amount = to 30 x federal minimum hourly wage, whichever is greater.
Where federal law provides larger exemption, it supersedes any state law.


Here is the link to VA's credit counseling Statutes

http://leg1.state.va.us/cgi-bin/legp...10000020000000

United Processing has Threaten to arrest me asap and has called my employer, friends and family for a past due payday loan. They have falsely accused me of writing a check on a close account. This is after I've already gone to Civil Court in Virginia.

They have a legal right to go after you. What was the outcome when you went to court? They cannot however call your relatives and disclose the nature of the call.

Contact your state attorney's office. This is illegal to make threats and you can now sue them.

can a credit card ( Captial one ) company Garnish my wages in VA , they cleaned out my checking account.

Assuming that you are not on disability or social security than yes they can possible garnish your wages.


The maximum part of disposable earnings of an individual for any workweek which is subjected to garnishment may not exceed the lesser of;

1. 25% of disposable earnings for that week, or
2. The amount by which his disposable earnings for that week exceed thirty (30) times the federal minimum wage.

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