I have a judgment against me for a credit card debt. I lost my last 2 jobs - lay offs - and was forced to take my Social Security earlier than I hoped to survive. I have no other income or own any property.
1. If I have a joint checking account with my wife can the creditor put a HOLD on the account?
2. I have no wages or employer. IF I won $10,000 on a lottery ticket or at slots can they take that money?
I'm in a bad situation at the moment and any HELP would be most appreciated.
Joined: 27 Jun 2006 carol's page Posts: 1299 Location: Los Angeles, California
Your joint a/c with your wife can well be garnished. About the winning a lottery ticket, if you do not put them in a savings a/c then you may be able to save them. I would suggest that when you go to court you will be given a chance to defend yourself. You may place your points then telling them how you don't have a job and why you are not able to pay. _________________ Keep in touch
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.