If they can, How can I get out of it?
2006-08-05 12:48:20 · 9 answers · asked by nobody 2 in Business & Finance ➔ Credit
If you answer to my question please tell me have this been done by you or you just guessing?
2006-08-07 13:14:52 · update #1
they sure can
then they will freeze your bank account or garnish your wages
2006-08-05 20:22:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you don't pay it, they legally have the right to come after you for as long as the statute of limitations holds. In most states that's 4-5 years. The biggest problem in your case is the interest rate they will tack on and the fact that it will go against your credit record negatively and be on there for 7 years.
2006-08-05 14:23:48 · answer #2 · answered by ami 3 · 0⤊ 0⤋
Yes, they can.
If you did not pay your bill and they sued you and secured a judgment, they can take the next step and begin to garnish your wages, bank account or register on title to your property. The best thing to do is pay the judgment before they go further, or make arrangements in writing for regular payments (plus reasonable interest) until the payments are finished.
2006-08-05 18:14:33 · answer #3 · answered by Angela B 4 · 0⤊ 0⤋
If you are insolvent, file Chapter 7 Bankruptcy. If you can pay, then pay. No such thing as a free lunch. No one ever said you are entitled to anything!
A smart creditor will locate your bank account and seize the funds (and they should). You owe the money.
2006-08-05 14:51:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
did you even go to court, that is what you should of done. then you can work out a reasonable payment plan made by the judge not the creditor. I would be better than a wage garnisment.
2006-08-06 14:00:36 · answer #5 · answered by sarah a 2 · 0⤊ 0⤋
Yep. You borrowed money and didn't pay it back. You're better off paying the judgement, than to have them garnish your wages if you don't.
2006-08-05 13:09:27 · answer #6 · answered by Celeste 6 · 0⤊ 0⤋
Positively. Did you use the money? If yes pay it back. Everyone else pays for your dishonesty in higher banking fees and rates.
2006-08-05 13:46:38 · answer #7 · answered by RaininNE 1 · 0⤊ 0⤋
Of course they can, and you used the money so you can't get out of it. Grow up.
2006-08-05 13:11:01 · answer #8 · answered by misslabeled 7 · 0⤊ 0⤋
Kinda mean aren't they. Who'd have thought it.
2006-08-05 13:13:48 · answer #9 · answered by DelK 7 · 0⤊ 0⤋