I have 4 judgements on my credit report, one is a credit card the others are medical bills. I have had the CC one on for almost 10 years will it ever be off or should I file bankruptcy since I am on disability and have no way to pay them off. My credit score is 544 which is bad so how much worse would it be if I filed bankruptcy.
Wed Mar 13, 2013 4:43 am
I recently received judgment papers in the mail and wanted to know if they could garnish my wages and if so how long after the judgement would this happen? I also would like to know if I am thinking about filing chapter 7 or 13 does it matter that some of my creditor's have already written the debt of and have not been calling trying to collect any money. Should I just leave things the way they are with my credit/judgements? How much worse could things become for me if I don't do anything. Will the bad Debt write off's go away after 7 years or so? I don't want the courts to start garnishing my wages. Will I receive something in the mail before this happens to give me a heads up? I'm really not sure what I should do at this point file for bankruphy or do nothing?
Fri Apr 12, 2013 6:22 am
Unfortunately for you, BD does know what she is talking about, and most lilkey, it will remain on your report. I concur with her. If you have an attorney who handled your bankruptcy, why didn't you run this query past him. I mean you did pay him to handle the paperwork right? Your lawyer cannot *cancel* something reported to the credit bureaus. You would have to dispute it.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.