Credit Repair/Debt Consolidation
Date: Sat, 03/24/2007 - 18:22
If I consolidate my debt do I get to keep my van. i still owe money on it? Can I pay off accounts that have gone to collections. Can I stop my wages be attached?
Quote:If I consolidate my debt do I get to keep my van. The c
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If I consolidate my debt do I get to keep my van. |
The company that consolidates should be able to work with most, if not all of your creditors. They will work to reduce interest rates, and possibly have some late fees removed.
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Can I pay off accounts that have gone to collections. |
Many consolidation companies are able to work with collection agencies, although a good number cannot be of help with payday loans.
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Can I stop my wages be attached? |
Do you already have a judgement against you? Have you signed a judgement by consent/consent decree?
A consolidation company may be able to help you here, but I'm not positive. A judgement is easier to collect on than a normal debt, so the creditor may not negotiate with anyone. Perhaps someone else can give you a more definite answer, this one is just my opinion.
Do you have a payday loan with a wage assignment provision? If you have a wage assignment, you can revoke that. Send a letter return receipt to the PDL, and show a copy of the letter to your payroll department.
