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9% intrest rate and the lawyer fee was 640 in cost

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Mary

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 684



17422 Magic Points

 
Posted on Sat Nov 08, 2008 10:28 am  

Hi Shelia
All you need to do is to contact your creditors and work out a repayment plan with them. Because if they sue you and bring judgment against you, you may face problem. If they bring money judgment against you and you do not pay the judgment money, the creditors may even sell off your car to recover your debt. You can also go for debt consolidation loans which usually have a very low rate of interest to pay off the debt if you have a good credit score.
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sophia
Guest






Subject: judgement
 
Posted on Sat Jan 10, 2009 7:29 am  

I recently was summoned by a law firm in Raleigh, NC for credit card debt from Discover. When I could make the payment for the payment plan they had me on for hardship that was less thin the miminum. Let move forward currently umemployed and just finished college looking for employment. My unemployement benifit run out and I have no money to pay them and no money coming in. The law firm wanted me to set up a payment plan with them and told me to think about over this past weekend. I told them of my situation and stated I don't think that was possible being that I'm unemployed and no money coming in not to make that kind of arrangement. I stated that when I gain employment that I wanted to make payment arrangement with them. I lived in SC and don't know the limitation but the debt is over 4,300 they wanted 19.9% intrest rate and the lawyer fee was 640 in cost. What should I do since I have no money to pay them now at this time not denying the debt but the intrest rate id rediculious high as far as the lawyer fee and Idon't know if thay is acceptable
Mary

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 684



17422 Magic Points

 
Posted on Mon Jan 12, 2009 10:28 am  

Hi Sophia
Since you have no money right now to repay the debt by coming to a repayment agreement, you have no other option but to wait till you start earning. However, the creditor can sue you to the court and bring judgment against you either to garnish your bank account or your wage. But since you are unemployed right now, they cannot garnish anything because you have no money even in your bank account. However, the judgment will adversely affect your credit score.
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Mon Jan 12, 2009 5:12 pm  

I relize you are in a tough situation. Since they could garnish your bank account I would for now keep your (if you have any) extra money anywhere but in bank accounts. Sooner or later you will have to pay this and once you have it out of your way you will feel better. When you get employment and if they do not get a garnishment then I would call and make the payment arrangements then.
scott

scott

Joined: 28 Jun 2006
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Posts: 446



10890 Magic Points

 
Posted on Tue Jan 13, 2009 11:18 am  

The law firm can either garnish your bank account or garnish your wages. Whatever, be the case, the creditor has to file it with the court before the case if processed. Now, if they choose to garnish your wages, they cannot do so even after they bring judgment against you as you are now jobless. However, if they bring judgment to garnish your bank account, your bank account would be debited anytime there is credit into your account and this process will continue till the debt is repaid in full.
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SCOTT

Use your credit account responsibly and enjoy a debt free life.
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Tue Jan 13, 2009 4:13 pm  

Scott, in the four states that do not allow for wage garnishment are those four states also have anything for garnishing a bank account or is this entirely up to the judge that takes the case?
scott

scott

Joined: 28 Jun 2006
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Posts: 446



10890 Magic Points

 
Posted on Wed Jan 14, 2009 10:50 am  

The four states which does not allow wage garnishment are Pennsylvania, North and South Carolina and Texas. But wages can be garnished in there for states if you have an outstanding Federal tax or an alimony and child support obligations. Although wage cannot be garnished under normal circumstances in these four states, the creditor can bring judgment against the borrower to garnish the bank account so that as soon as any money gets credited in the account of the debtor, the account gets automatically debited.
Doc

Doc

Joined: 02 Dec 2008
Doc's page
Posts: 178
Location: McKinney, TX


1271 Magic Points

 
Posted on Wed Jan 14, 2009 11:15 am  

Don't forget student loans... Those can be garnished as well....
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fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Wed Jan 14, 2009 1:49 pm  

Yes I was pretty clear on the student loans since it happened to my sister in law. I was really unclear about the garnishment of bank accounts. I see from the responses that it is able to be garnished. Thanks for the replies.
Geri
Guest






Subject: Debts
 
Posted on Thu Mar 05, 2009 2:17 pm  

My advice to all of you is to hire your own attorney. Someone who will definitely fight for YOU and who is not emotionally involved. Hanna's office called my home this past Tuesday, and I called an attorney the day after. My attorney said to make an appointment to come in with copies of all of my paperwork and we'll go from there and that I should not worry any more and to get a good night's sleep. While I haven't been served with any papers, the goons did threaten. I am relieved that I have someone on my side who will help ME through this. I know it will cost me some money in legal fees, but I think it's worth it. Hanna's group won't be able to pull any crap...they will have to be ready to stand up to my attorney.
DESPERATELY SEEKIN HELP
Guest






Subject: FREDRICK J HANNA AND ASSOCIATES P C
 
Posted on Tue Aug 25, 2009 2:30 am  

Evil or Very Mad I GOGGLE THIS NAME FREDRICK J HANNA AND ASSOCIATES I WAS SERVED ME BY A SHERRIFF N DEKALB COUNTY. I WAS SO SCARED BEFORE READING INFORMATION THAT THIS COMPANY HAS SCAM SO MANY PEOPLE. EVERBODY B AWARE . GETIN READY TO ANSWER SUMMON THAT WAS ISSUED DO NOT OWE THIS AMOUNT TO THIS LAW FIRM PLEASE SEND DISCLOSURE FOR ALL DOCUMENTS PERTAINNING TO THIS CASE. EVERBODDY GOIN THROUGH SO MUCH N FOR SOMEONE TO SCAM ANYBODY . SHAME ON THEM N MAY GOD LEAD THEM N THE RIGHT DIRECTION. SO MAD
Concerned
Guest






Subject: Frederick Hannah and Associates
 
Posted on Thu Nov 19, 2009 7:36 pm  

Okay, I filed a complaint with FTC, called and they took our information. I filed a complaint with the Better Business Bureau of Georgia and said they couldn't handle the matter. I thought this is what they were there for. By the way, the law firm has a F rating.

Use google maps (actual view of their office) to locate and see what their actual law firm looks like. I mean if they are going to be sneaky and idiots about this, use the internet for what's its worth.

I called on our Chase account and said they would not accept full payment on the credit card that was owed. This is what led me to the FTC. How stupid do you have to be to say to consumer and by the a tax payer who bailed their asses out, No we don't want your money, we rather have you work with them. FTC has this on file now.
freaked out
Guest






Subject: judgment/garnishment of wages
 
Posted on Fri Jan 08, 2010 7:27 pm  

A threatening debt collector from a law office told me they can garnish my wages up to 25% after a judgment. I am being sued for a credit card debt - about $4000. Can they really garnish my paychecks?? for a credit card debt?
confused?
Guest






Subject: Payment arra
 
Posted on Tue Apr 13, 2010 2:10 pm  

Ok I was sued by hannah and assoc. in court and gave a judement I guess was the thing packet that I recieved in the mail which basically said that I do owe the creditors the money and should pay. Found out also tha it says that the law offices of hannah and assoc. can garnish my wages this was last year to date they havent and I dont know why I am glad but I am being told that I can set up arrangements to pay whatever I want but hannah and assoc. gave me a specific amount now the amount is not extreme but job situation a little tricky and not sure I can pay the amount every month. Is it ok to just send them anything i can afford?
Aaron

Aaron

Joined: 08 Feb 2010
Aaron's page
Posts: 2632



48565 Magic Points

Subject: judgment and garnishment
 
Posted on Wed Apr 21, 2010 9:50 am  

Hi Freaked,

Yes, if you owe money to the creditor, then after they win a judgment against you, they can garnish your paychecks. However, whether they can garnish your paycheck or your account depends on the state. Thus, you need to check your state laws on garnishment.

However, you can stop the garnishment process by paying off the dues. If you can't pay high debt amount, you can try to negotiate a debt settlement.

Confused,

You can't start paying them any amount you want to. A judgment has been issued, thus you are required to pay the judgment. However, if it's not possible for you to pay the judgment amount, you can try to negotiate a settlement with Hanna and Associates. Debt settlement may lower the outstanding judgment amount by 40-60%.

Thanks,

Aaron
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