Creditors have increased my finance charges to the point I'm only able to pay on the %. Is there anyway I can settle. I don't want to make this a court issue. If I don't pay them what I owe will they take me to court. If I only pay them what I can afford will they try to garnish my wages?What do I do? Is there someone I can go to to work out a payment plan at what I owe now without charging more interest?
2007-06-18 04:09:18 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
No. You agreed to pay interest in the amounts you bought on credit. There is a limit on the amount you can purchase. There is no limit on the amount of interest you can owe.
Pay off the credit company and tear up the card. If you file for bankruptcy, your credit will be ruined.
2007-06-18 04:12:58 · answer #1 · answered by regerugged 7 · 0⤊ 0⤋
look into a debt management service, but this will affect your credit .( not as bad as bankrupcy, but bad none the less)
they can help.
2007-06-18 11:18:17 · answer #2 · answered by papeche 5 · 0⤊ 0⤋