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Nilda
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Subject: lawyers
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Mon May 18, 2009 2:08 pm
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| How do I Know if the people contacting me are lawyers or collection agencies? |
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raerae
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Subject: Federal government retiree
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Wed May 20, 2009 10:44 pm
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| I am a civil service retiree in the State of Tennessee. I cannot pay my two credit cards and one store card debts totalling $15,000. I have not made payments for five months. I am purchasing my home and have some equity. I have the house on the market in order to pay my debts, but I am getting 30 day notices from the credit card companies. The housing market is lousy and I don't think my house will sell in time to settle my debts before the credit card companies take some action. I only get $1800 a month from my retirement and my house note is $1049 a month. I have never been late with the payment. What is left over after the house note is for food, utilities and other household bills. I have nothing left over. Can the credit card companies bring judgment to sell my house? What can I do? |
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JUDYKAY52
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Subject: GARNISHMENT OF PENSION
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Tue Jun 02, 2009 2:04 pm
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| I AM NO LONGER ABLE TO AFFORD MY HUGH RENT PAYMENT, AND AM HAVING TO BREAK MY LEASE AND MOVE IN WITH MY SISTER. I ONLY RECEIVE A RETIREMENT PENSION FROM MY COMPANY, BUT AM NOT YET ELIGIBLE TO RECEIVE SS BENEFITS FOR A FEW YEARS. CAN THEY GARNISH MY PENSION IF THEY GO FOR A JUDGEMENT FOR BREAKING THE LEASE? THANKS FOR ANY HELP SOMEONE COULD GIVE ME. |
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sharon
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Subject: credit card debt
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Tue Jul 14, 2009 1:40 pm
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| if a credit card is putting a judgement on you,can they go into your checking account and take money? if so ,can they take unemployment checks? it is the only income i have |
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earl
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Subject: garnishment of retirement benefits
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Tue Jul 14, 2009 4:57 pm
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| I receive retirement benefits from military, social security and general electric. Can they be garnished for unsecured debt (credit card) |
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Trixie
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Subject: 1099
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Wed Jul 22, 2009 10:51 pm
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| I was told that if a credit card company writes off a bad debt that they can send a debtor a 1099 form and that has to be reported when filing a person's income tax. I have never heard of this before. Is this a new tax law? |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Thu Jul 23, 2009 1:33 am
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Trixie, Yes they do have a 1099 form. This recently happened to my mother in law when they foreclosed and sold her home for tens of thousands less than what she owed. When she filed her taxes this year she found out she owed over $5,000 to the IRS. She recieved the 1099 in the mail about the same time she got all her other tax documents. When she took it to her tax accountant she ended up owing lots.
I am not sure how new it is. I have heard of this in the past. They probaly just enforce it more with bigger debts. |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1362
Location: Los Angeles, California
29592 Magic Points
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Thu Jul 23, 2009 6:08 am
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Hi earl
Social Security benefits cannot be garnished. But if there is a direct deposit facility that you use and the funds from SS are going in to that account with the other money then your bank may unwittingly place a FiFa on the judgment. You could send a letter to your Creditor telling them not to garnish your Social Security income. Other assets may be subject to garnishment though.
_________________
Keep in touch
Carol |
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vincent
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Subject: credit cards
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Fri Jul 24, 2009 3:06 am
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I read all the answers on this but i read reports that a creditor
cannot harass you verbally and can be reported I have a dept
consolidator do I tell them to call them |
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joey
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Subject: credi card dept
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Thu Jul 30, 2009 3:42 pm
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| My parents are in their early seventies and are unemployed in Nevada. The bank is foreclosing on their house and and their car is being repossesed by the lease company. They also have about $10,000 in credit card dept that they cannot afford to pay. They have arranged to pay off this dept at $500.00 per month which they cannot afford. Their only income is from social security and a small disability veteran pension. I am going to rent them an apartment in Florida and lease them a car in my name. My question is if they do not pay the credit card dept what can happen to them? |
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alma
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Subject: garnish Retirement benefit
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Tue Aug 04, 2009 8:51 pm
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| I understand that creditors can 't garnish my retirement benefits. My bank account has nothing in it. I have a debit card, can the garnish funs from it? |
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Patricia22
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Subject: Garnishment
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Thu Aug 06, 2009 3:08 am
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| My mom experienced an illness which caused her to fall behind on credit card bills. This created a huge hospital bill which she can not pay either. Her only income is social security, she's 64. She owns a home and car that is paid for, however her home has a "reversed mortgage" loan on it. My question is, can they take her car or home from her? She has not been communicating with the creditors at all. What will likely happen? Will they attempt to sue her, the atty letters are starting to come in the mail now? She can not afford to file bankruptcy. I'm worried. Thanks! |
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Marilyn
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Subject: Home in trust
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Thu Aug 06, 2009 3:38 am
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| Can a credit card company put a judgement on a home that is is a trust? |
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Lydia
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Subject: Student Loans
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Fri Aug 07, 2009 4:36 pm
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| I've been paying on my consolidated student loans since 1997, when I reach retirement for SS, can they take that to make the payments? Thank you in advance. L.T. |
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eva
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Subject: alimony garnish
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Tue Aug 11, 2009 2:58 am
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I finally had to stop to pay credit cards, rates went to 27-29 %,
even minimum payments left me with no money for food .
I have very high debt, about 100k, all money were spent on lawyers fees .
My only income are alimony from ex, 1600/month, the money are deposited to my checking account every 1st of the month, and usully gone, almost entirely in few days for fixed payments .
I do not work for almost 8 years now.
If credit cards are going to suit me, is likely court order the garnish
of alimony money from my account ?
I also are waiting for the money from the 401 accumulated before divorce, same question, is court going to order garnishment of this money if they appear in my account ? |
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