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I am being sued by a collection attorney office. The amount of debt is for $20,000. I am the only one on the account, but my wife and I's disposable income is now (Bad luck at beginning of year) about $1500/month. Now, will it actually be better for me to take a wage garnishment over a 13? Her credit is great, and she brings the most in. 25% of my net is about $350-400/mo. Also, when a wage garnishment is granted, (state of Alabama), does it only deduct for three years, or does it do it for longer?

First off, you guys are great here! I have spent a lot of time reading and researching. Now, I am finally in a position to pay off some of my debts. What is the best way to do this? How do I know who to pay? How can I be sure they are the right party? My plan is to send a settlement letter offering x% of the original amount with the stipulation they report this debt as paid in full and will not sell the remaining due to another company. What percent should I shoot for? Anything I am missing?

I have several payday loans I need to payoff and I am behind on them. Can you help me?

I have several payday loans I need to payoff and I am behind on them. Can you help me?

I pulled my CR and noticed a ton of things reported on it. So I DV'ed all the companies. I checked the tracking today on all of them... out of the 6 - 3 have not been delivered. Of those 3 - 2 are being returned to me because they were unable to deliver due to the company moving and not leaving a forwarding address or the company is unknown. So the companies have either gone out of business or what have you. I looked up ALL those addresses on the internet - sending the letters to their most recent addresses. What happens when the company has gone out of business or you can't find them?

I am being sued for $30,000. I do not have means to bear this. Should I file a bankruptcy? If yes then what to do now?

i received a collection letter today form sentry claiming that i owe a debt to compucredit; most shoking is that i don't even own that account and it's not on my credit report. i sent a debt validation letter and will wait for their response and then send another letter telling them that 30 days have passed since i requested a DV letter and include cease and desist terms in that letter. anyone had that experience; how can i received a collection letter for something i never opened or owed. can they conduct such a scam. i am getting really frustrated.

date of first delinquent payment was on 10-30-2005 charge-off and sold to collection agency on 2-10-06. I live in California where i know that it is 4 years for writte statues of limitation. My question is does the clock start ticking with first late payment or when it was charged off??? And if it is when first delinquent payment that would mean the SOL would be up at the end of this month..right?? Jefferson Capital is still trying to collect on this account on behalf of Midland.

I got my first call from a collection agency I don;t know which payday loan is involved How do I deal with this company and what can they do to me .I over paid all my loans and they are prohibited in NEW JERSEY

I have a couple different credit cards that are listed as closed by granter but they were in good standing. So I called one of them today to find out why they were closed she said it was because I filed bankruptcy and I told her they were not included. She said she knew but I still filed. So is this some new law that was past I missed or has anyone else been through this. Don't remember reading anything like that in the terms and conditions.