I am being sued for credit card debt, 13,000. What can I do to keep my wages from getting garnished?

Answer 1

make a good effort to repay this debt and they probably wont garnish your wages.

Answer 2

Are you being sued by the credit card company or a collection agency? Really in any event, once a judgment is obtained, the plaintiff can and will go after you. Try to negotiate a payment plan and be honest about what your take-home pay is after taxes. (They will know if you try to lie) There is certain percentage that is mandated by state statute that can be garnished. Set up a payment plan that is equal to or very close to what can be obtained should the plaintiff garnish. Get in contact with them right away. Don't wait. Suggest a stipulated judgment that is signed by you, the plaintiff, and the judge spelling out that you agree to pay "x" amount of dollars by a certain day of each month that way as long as you live up to that stipulation, your wages will no be garnished.

Answer 3

Quit work.

If that is not going to work for you, then go to the bank and get a loan for $13,000 at 6% rather than the 21% of your credit card and pay off all your credit card. If you can only get $5,000 on a loan then get that and start to make payments of $500 per month.

The credit card company will be happy to see some progress rather than nothing --plus you need to get rid of that 21% debt as fast as possible and move it to a lower interest rate.

Answer 4

The main thing you need to do is attend all court proceedings. Collectors can get a summary judgment and then pursue garnishment if you do not defend your position.

Also, if you show that you are willing to work with them, they may hold off on pursuing garnishment. This usually means a minimum of a 2% payment each month.

Answer 5

Depends on what state your in and why you didn't pay this debt. Make sure what ever you do show up in court that is the most importaint thing you can do. If you don't show up you will be found at fault and action will be taken. Go to court talk to the judge. If you have anyone questions feel free to email me and I will be happy to answer and questions.
kourtnie Donihoo
Debt analyst
Enhanced Debt Assistance

Answer 6

If you have already received a judgement, your best bet is finding a bankruptcy attorney. If you haven't gone to court, make some payment arrangments and keep it. As long as you are paying your bill, your wages shouldn't be garnished.

Answer 7

Is that your total credit card debt? Or are there other credit cards out there? If so you may want to check with Consumer Credit Affiliates and investigate possibly bankruptcy.

Answer 8

Additional note, if you negotiate a charge off get ready to get the amount charged off ADDED to your income. That equals more taxes and you don't mess with Uncle Sam and the loot you owe him.

So for example, Company A, might say give us $3k right now and we'll charge off the other $10k. You will never have to pay off the $10k, but your credit report will be tarnished and that $10k will be added to your yearly income and you will be paying taxes on that amount.

Answer 9

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RE I am being sued for credit card debt, 13,000. What can I do to keep my wages from getting garnished?

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Answer 10

I would advice you to join a debt settlement company who will negotiate with your creditors and bring down your principal debt to 30% to 70%..
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good luck

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