Payday Storefront Check n Go
Date: Mon, 09/25/2006 - 05:36
I took out a storefront paydayloan back in
April and due to financial difficulties, could
not pay back, and not even make arrangements.
They sent paperwork to the courts and favored
with them for $575.00. I checked my credit
report and it is on there as a Judgement. Do
you know what they can do next? :(
A judgment is usually the last step. Have you paid on this?
A judgment is usually the last step. Have you paid on this?
Regards
Mike
Hi Mike: I have not paid on this..do you think they will still
Hi Mike: I have not paid on this..do you
think they will still accept payment arrangements
at this point?
If the courts ruled in favor of them, they'll be taking about 25
If the courts ruled in favor of them, they'll be taking about 25% out of your paycheck until paid. Start to plan accordingly, so your lifes daily activities won't be affected.
Also, have you contacted the courts to see if the judgment is correct. Just because something is on your credit report doesn't mean it's always correct.
Regards
Mike
Could I contact them and make payment arrangements before they s
Could I contact them and make payment arrangements before they start taking it out my my wages??
After the court rules in favor of the lendor, then payment arran
After the court rules in favor of the lendor, then payment arrangements cannot be made. The courts, however, try to make things easier by only taking 25%.
Were you not aware of any court date to argue your case. Usually in a judgment case, the attorney for the lendor wants to know the value of your assets, to see if you're capable of paying now.
Regards
Mike
I was aware of the date.so yes.it is my fault..could I call the
I was aware of the date.so yes.it is my fault..could
I call the court and make arrangements to avoid garnishment?,,,,sorry so many ???
It cannot hurt for you to call and try to make payback arrangeme
It cannot hurt for you to call and try to make payback arrangements. Don't be surprised if things don't go your way. I am sure you know that the time for you to have done this was before it actually went to court. Better re-do your budget and work this in.
Is this the kind of thing that the counselors here could maybe help with? Anyone?
Actually, arrangements can be made even after a judgement is fil
Actually, arrangements can be made even after a judgement is filed.
A judgement and garnishment do not necessarily have to go hand in hand...First off, contact the creditor. They are the person you will need to make arrangements with, not the court. Be as persuasive as possible...Filing garnishments is my line of work, so I know that you have a decent shot here. You will have several hundred dollars added onto your bill due to court costs. I'm willing to bet they will make arrangements with you..But be forewarned, if you default on this arrangement, they can and will begin garnishment procedings without notice to you.
Time is important, though..If your employer has received a writ you have less of a chance with arrangements..But it does not sound as if they have.
If your payroll dept has gotten a writ, there are still a few options. Please feel free to pm me, and I can explain those to you.
