Income Verification

I'm kinda in the same boat...80k, decent salary but lost my husband and his income so I can't pay all of the cc's. I'd be interested to see the responses as well.

Some will ask, some won't. Out of 6 I never had anyone verify. However, look into your state garnishment laws. Although I make a lot of money my wages can't be garnished so it doesnt matter to them. They settled with me b/c I have no assets and only assets were what they could get in my state due to not having the ability to garnish.

im not sure of wage information. I do know though that i went through a debt settlement company that i had to show my income and financial hardship story. I dont believe though that they ever gave that information out about my financials only that i had more going out than comming in and that i would have to file bankruptcy soon if they did not comply. are you planning to debt settle yourself?

Yes, the plan is to settle on my own. We've discussed our situation with a couple of companies that settle unsecured debt. While enticing to let someone else handle the problem, 15% of the total debt is a fairly sizable fee for something I can probably handle myself (or I hope I can).

The settlement companies never asked our income, but we just had informal conversations with them. I've also spoken to an attorney who is a bit more of a bankruptcy advocate, and a friend of a friend, who indicated that my salary is too much to declare bankruptcy... even if I can't afford all of our payments.

Anyway, I appreciate the responses so far. Still interested to hear more, if anyone has anything to share.

How do you find out if your state can garnish? I am self employed anyway though but still interested if they can garnish.

I'm settling on my own. I've had one credit card company ask me for my income. It wasn't even a consideration since I'm in sales and there aren't many people buying things right now.