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Date: Fri, 10/20/2006 - 11:07

Submitted by anonymous
on Fri, 10/20/2006 - 11:07

Posts: 202330 Credits: [Donate]

Total Replies: 5


I've been betting daunting letters from a creditor I thought would end up suing me, they put a collection agency on the debt, but the CU still owns it. I got tired, I asked for validation of the debt, honestly, it seems much more than it should be. I explained, if the debt was in fact accurate, if it were mine......I named a figure that I could afford, barely, it will be a drop in the bucket to them, but........At the figure I mentioned it would take 6 years to pay, however, if they take me to court....I have nothing to garnish, nada.

Any one have experience with matters like this?


If you're not working they can..and frequently do..lie and wait as long as the SOL allows until you do have an income source. They can also levvy your bank accounts.

If they do take you to court, make sure you appear. You can make arrangements there, garnishments and attachments are a last resort. A judgement DOES NOT mean you will be garnished. Also, if you are in Texas, the Carolinas or Pennsylvania, garnishment for consumer debts is illegal, so if you defaulted on arrangements, they would levvy your accounts.


lrhall41

Submitted by finsfan13 on Fri, 10/20/2006 - 11:59

( Posts: 6919 | Credits: )