garnishment

Date: Mon, 01/14/2008 - 13:53

Submitted by anonymous
on Mon, 01/14/2008 - 13:53

Posts: 202330 Credits: [Donate]

Total Replies: 3

I am in foreclosure so my credit started dropping from the 700 to the 500. I have 2 credit cards...one for 13K and the other for 8K. Since my credit is bad, i am going to let them go to collections and try to settle.
Im afraid of wage garnishment. Is this rare or common for a creditor to spend legal money on this. How fast to they file for garnishment. If I just went late...would I have months or years before they did this?

First the y will try to settle with you and them they will go to

First the y will try to settle with you and them they will go to a third party for collections who will also try to settle. To garnish your wages they will need to go to court and get a judgement. You are months away from that right now in most cases. What state do you live in? Have you tried to get the mortgage company to modify your loan or agree to a short sale of your home?

lrhall41

Submitted by Frogpatch on Mon, 01/14/2008 - 13:57

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Why not sign up for our free consultation with a professional. T

Why not sign up for our free consultation with a professional. There may be other options for for cards like consolidation or settlement before they go into collections.

lrhall41

Submitted by Frogpatch on Mon, 01/14/2008 - 14:00

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Im in florida....im upside done on my house so i have come to te

Im in florida....im upside done on my house so i have come to terms about the foreclosure...its time to rent for a while.

lrhall41

Submitted by on Mon, 01/14/2008 - 14:04

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