citibank and Academy are threatening garnishment
Date: Thu, 12/18/2008 - 19:48
hey guys,
I am new at this so bare with me. I have a citibank credit card that I "inherited" during my divorce in 1999. i eventually got into a dmp and payed it down over the years. The balance on it is around 3900.00. I stopped using the DMP in June 08 because we hit a rough spot and I could not even afford those payments. When I opted out of the DMP, I called Citibank asked asked them for a monthly payment plan. They sent my account to another agency that told me that I had to come up with around 800.00 before they could give me payments of around 100.00. I dealt with them several times and they could never get me payments that I could afford. Today I got a call from Academy Services. They told me that if I refused to send them 500.00, that the account would be sent back to Citibank and Citibank would garnish my wages. I explained to them that I could take a settlement when we got out income taxes back. They would not budge. I asked them what they would do if I sent them 100.00 a month. they basically stated that hey would have to put it in their system as a failure to reach an agreement and that it would go back and my wages would be garnished. I told them that if they garnished my check, I would loose my job. that did not matter either. Can anyone help me,,,, i have ben reading a bunch of stuff on the internet and I am really scared that they are going to garnish my wages. I can't loose my job and have been begging them to allow me to pay 100.00 a month until we can get out income taxes. Please help. Loosing sleep over my debt.....
I am new at this so bare with me. I have a citibank credit card that I "inherited" during my divorce in 1999. i eventually got into a dmp and payed it down over the years. The balance on it is around 3900.00. I stopped using the DMP in June 08 because we hit a rough spot and I could not even afford those payments. When I opted out of the DMP, I called Citibank asked asked them for a monthly payment plan. They sent my account to another agency that told me that I had to come up with around 800.00 before they could give me payments of around 100.00. I dealt with them several times and they could never get me payments that I could afford. Today I got a call from Academy Services. They told me that if I refused to send them 500.00, that the account would be sent back to Citibank and Citibank would garnish my wages. I explained to them that I could take a settlement when we got out income taxes back. They would not budge. I asked them what they would do if I sent them 100.00 a month. they basically stated that hey would have to put it in their system as a failure to reach an agreement and that it would go back and my wages would be garnished. I told them that if they garnished my check, I would loose my job. that did not matter either. Can anyone help me,,,, i have ben reading a bunch of stuff on the internet and I am really scared that they are going to garnish my wages. I can't loose my job and have been begging them to allow me to pay 100.00 a month until we can get out income taxes. Please help. Loosing sleep over my debt.....
They cannot garnish your wages without taking you to court. And
They cannot garnish your wages without taking you to court. And this wont happen overnight. Academy is just trying to scare you. Send them a C&D and get them off your back.
I would also send them a DV letter making them prove they have t
I would also send them a DV letter making them prove they have the right to collect the debt, this will also buy you some time; they have to stop all collection efforts until they provide you with the DV.
