Wages about to be garnished....which should I do first?
Date: Thu, 08/30/2012 16:44
Quick break down of my situation. I live in Chicago and Im currently a student (RN major). I work as a security Guard. I make no more than 1300 per month (paid bi weekly). I rent and after I pay utility bills, rent etc Im left with around $270 per month to by personal items, bus cards, etc.
My total debt is no more than 8.5k. Majority being credit card bills. The biggest portion of that debt is tied up with one credit card that I had. Via the wage deduction notice: Balance due 5109.53 Judgement in the Amount of 3313.73.
Ive al ready been to court for this debt around two years ago. Since then its been collecting interest. Im willing to pay off the debt. AT this point im just lookin to prevent wage garnishments.
Is my total debt too low to consider bankruptcy? I mean why would i risk having bankruptcy on my credit report for 10 years for a debt that really isnt outrageous...right?? Should I consider debt consolidation? Im willing to pay 100-125 (minimum) per month if need be.
Right now Im just looking for help as to what is the quickest way to prevent garnishments.
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