I live in Iowa, chances of settlement?
Date: Fri, 08/20/2010 - 17:50
I owe 15k in cc debt and have always paid on time, but circumstances have us pretty screwed. Can't pay and what we could pay $20, isn't going to help anything. What are the odds of a settlement when you live in Iowa. Don't want my wages garnished!!
The ability to negotiate a debt with your creditors is as availa
The ability to negotiate a debt with your creditors is as available to you in Iowa as it is anywhere else. Based on your post, I think you are asking the wrong question.
The question should be: How can I settle debt before getting sued and risk being garnished, if all I have is 20.00 a month to save to fund settlements later on.
Answer: You cant.
Caveat: You have to be sued and have a judgment entered against you prior to being garnished. You may never get sued on the debt(s).
Mileage may vary
