appointed attorney from a credit card company is trying to collect an unpaid credit card balance.these charges are from year 1999.added intrest plus the attorney's fee have doubled the charges.the attorney will not take payments towards the unpaid balance.Does any one know a way to resolve this situation?
2007-06-20 10:51:35 · 7 answers · asked by TONY M 1 in Politics & Government ➔ Law & Ethics
If the attorney will not take payment, bankruptcy is your only option.
2007-06-20 10:55:27 · answer #1 · answered by msi_cord 7 · 0⤊ 2⤋
If you have a judgment against you, then your wages can be garnished in the amount is 25% or 15% depending on your situation and whether or not you are head of household. They can also garnish your bank account if they can find it. If they get a garnishment on your bank account, they can take every red cent in it. This causes a lot of people a lot of problems. They can get a lien on your real property and if they have done so, bankrutpcy may not be able to help (unless the property is undersecured, but you can talk to an attorney about that). Last but not least, as a final measure, they can levy your personal property. This means they can sell your car or television set or anything else they can get some money out of. This is a drastic measure and takes a lot of time and energy, but I've seen it done.
You may want to just succomb to the garnishment or look into filing a bankruptcy. With bankrutpcy, it might be a good idea to find an attorney that gives a free consultation and let them evaluate your situation.
Good luck.
2007-06-20 15:00:37 · answer #2 · answered by redcinnamon99 2 · 0⤊ 0⤋
Well, he can't do anything unless he takes you to court.
These credit card companies like Providian and Orchard Bank are charging 30% interest or better. In addition, you pay a monthly fee on top of that.If you pay the minimum, you will never pay it off in your lifetime. It is extortion and there are some bills before the Congress to stop this type of behaviour!
Another way business robs you! And Bush is a big stockholder according to the taxes he filed!
2007-06-20 10:58:24 · answer #3 · answered by cantcu 7 · 2⤊ 0⤋
many times, with a charge plan, the IRS will proceed to abide with the help of the settlement. no you may nonetheless forestall a financial employer levy if the IRS comes to a decision to levy. they're going to empty the account. Open yet another account and use that for any new money, whilst you're heavily in touch a pair of levy. for sure, this could extremely antagonize the IRS ought to they discover out.
2016-10-18 04:37:11 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Try again to get a payment plan....if not, they can attach your wages, bank accounts and anything you own that has value like a car.
They will keep at you until you pay them. The only thing that can make them leave you alone is pay up or declare bankruptcy.
2007-06-20 12:15:42 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Sue them. Ask them WHERE the money came from that they "Loaned" you. Money can't come from thin air, but that is EXACTLY what the credit card companies do with the federal reserve. The credit card companies can only do business with a corporation...YOU are NOT a corporation!
2007-06-20 10:59:26 · answer #6 · answered by Fedup Veteran 6 · 0⤊ 1⤋
Ummmmmm....pay the debt?
2007-06-20 10:55:21 · answer #7 · answered by Anonymous · 0⤊ 0⤋