I live in Hawaii.
I have credit card debt $30,000. Some of monthly payment for these credit cards are extremely delayed.
I have a car secured by automobile loan company. Remaining loan amount is $15,000, but the actual market value of the car $12,000.
Thus, equity in this car is
minus $3,000. Monthly payment on this car loan has been done on time so far.
One of credit card comapny sued me recently.
Question: Can unsecured creditor garnish my car with a Court Order?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.