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dogdude
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Subject: creditors threatening wage garnishment
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Sat Nov 14, 2009 1:52 am
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I have considerable unsecured credit card debt, but haven't charged anything for nearly a year and was trying to repay everything. My credit was in very good standing until 3-4 months ago when my wife took a 20% pay cut and now we don't have enough money to pay credit cards in full. As a good faith gesture, I pay each of 4 cards a $100 per month, but that doesn't even cover the finance charges, and now they are threatening to sue for wage garnishment. If that happens, we then won't be able to pay the mortgage. Now I am having to take another job that will pay 30% less.
I saw other posts that say sending the creditors something is better than nothing, but it seems that in my case, they don't consider my token gestures as enough. With everything that has occurred over the last 4 months, I am now considering bankruptcy, but if the credit card companies garnish my wages, will that continue after I file? There seems to be mixed information about this out there. |
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interstudy
Joined: 14 Nov 2009
interstudy's page
Posts: 6
112 Magic Points
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Sat Nov 14, 2009 2:56 am
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Avoid filing if you can. It will remain for 10 years! have you contacted your creditors? Even though your paying them, they may not be aware of your situation. Since you have been making payments, they may take into account that you are trying.
Also wage garnishment is dictated by the state you are in. Example in PA, a creditor cannot garnish wages, only student loans and child support, and government agencies
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debranewell2008
Joined: 10 Oct 2009
debranewell2008's page
Posts: 594
99 Magic Points
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Sat Nov 14, 2009 5:39 am
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| Not sure about your state but in Va. if you file they can no longer garnish your wages or attempt to collect from you at all. The best thing to do is contact a bankruptcy attorney in your state and ask how the situation is handled there. |
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dogdude
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Subject: wage garnishment in California
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Sat Nov 14, 2009 5:31 pm
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| Thank you both for replying. Does anyone know if credit card companies can sue for wage garnishment in California? |
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warghade
Joined: 14 Jul 2009
warghade's page
Posts: 35
629 Magic Points
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Sat Nov 14, 2009 6:31 pm
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dogdude
Credit card companies can surely ask you for the wage garnishment in california.If it is the PDl then the story would be different. |
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Sun Nov 15, 2009 6:14 pm
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| What's PDI? I haven't heard of that before. |
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