just calculated everything and i am 13thousand in debt and can't pay it off right away. my wife was diagnosted with degenerative disk disease and had to quit her job and she has been bed ridden for the past month and a half. the doctor hasn't decided if he wants to do surgery for disk replacement yet and she is in constant pain 24, 7. can a credit card company garnish your wages if you or your spouse is on disablity? god this is depressing!!!
2007-10-25 09:57:19 · 12 answers · asked by pete421 1 in Business & Finance ➔ Personal Finance
TALK TO ME ABOUT BEING DEPRESSED
BUT I AM SO SORRY ABOUT YOUR WIFE
2007-10-25 10:00:08 · answer #1 · answered by Barbaraa=] 2 · 0⤊ 3⤋
This is only one role in your life don't let it take away the good you have!
YOu have a wife (she may be ill) but she is alive and she has you!!!
don't forget what is important!
as for garnishments it takes a while to get that in play!
if you think that a company is going to start you will recieve court papers first if you don't go then more paper work has to be filled out and then it's offto your payrooll depart,ent!
try before it goes to court and send them SOMETHING 50 bucks what ever! you can! that will keep them off your tail for a while at least until your wife can get a bit better...
your wife should be on medical she should of quit there is this thing call medical leave or something like that where she gets money!
hopefully that helps!
money is a depressing thing i can' admit to that! but after i been on both sides and i still tetter back and forth I realized something it's all going to be okay!
with or with out money as long as you have a job!
easy umm never even with money you always could use more!
i'm in debt as well had garnishments and it sucks but there are still so many things not to be depressed about even thought it sucks and it's hard you will make it through!
2007-10-25 17:07:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Short answer yes...they can garnish your wages. Long answer...you have to live in a state that allows wage garnishment for them to do so. They can however (if your state does not allow wage garnishment) seize your assets this includes your bank accounts and your tax returns and even put a lien agains your house and cars.
So the very 1st thing you should do is take your wife to the bank and open a bank account for her disability payments to go into. Disability payments are exempt from garnishment just like social security. So you want to protect that income. If you co mingle it with your standard income it will be hard to protect. Nothing but her disability payments should go into this account.
You need to call the credit card company and see if you have any "extra protection" you have been paying for on your account...many credit cards offer insurance that reduces or eliminates your payments during a disability.
If this is not an option you might need to consider bankruptcy. This is what bankrupcy was designed for (not people who spend too much and then decide they don't want to pay it off)...it's for people who have had a traumatizing event in their lives and now cannot make ends meet. You should seriously check into it. If you cannot afford bankruptcy you might check into credit counseling.
The worst thing you could do is ignore the situation...they want you to not answer the phone and ignore their letters...it looks better for them when they take you to court. If a judge looks at you and sees you are doing all you can to work this out and make payments he is much less likely to issue a garnishment order against you.
2007-10-25 18:30:07 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Your wife qualifies for social security pension undere disability because your doctor will confirm she cannot work because of her condition.
I know $1,500 per month max will not solve your problem but its a start.
My mother in law was disabled when my wife was born and has facial paralysis. She only worked 6 years in her life and she has recieved from S.S. for the last 30 years a chech for $1,000/mo
2007-10-25 19:08:11 · answer #4 · answered by dennisgonzalezdgm 4 · 0⤊ 0⤋
No, under any circumstances. They can only force a bankruptcy--which means they get pennies on the dollar, if anything.
Such being the case, you might consider working out a more viable payment plan with them. They would prefer to get anything at all over simply losing.
But keep in mind: bankruptcy is a last-ditch option.
That said, I will be praying for you and your wife. Don't despair!
2007-10-25 17:08:35 · answer #5 · answered by DoctorJKel 2 · 1⤊ 1⤋
Yes they can garnish your wages if you are behind in payments, but not if you make at least the minimum payment every month.
$13K sounds like a lot, and it is, but it isn't insurmountable.
Good luck, with your wife's medical issues and with everything.
2007-10-25 17:31:58 · answer #6 · answered by Judy 7 · 0⤊ 1⤋
you would be better paying the payment protection on the cards for a couple of months then claim that way your min payment gets paid for you ........a liitle less stress till everything sorts it self out
2007-10-29 17:00:27 · answer #7 · answered by hawk31ins 1 · 0⤊ 0⤋
Money comes and goes...you're just having a rough patch.
To answer your question disability benefits are usually untouchable.
2007-10-25 17:05:07 · answer #8 · answered by Anonymous · 0⤊ 0⤋
If you can’t make minimum payments, call the credit card company and talk to them.
2007-10-25 17:08:06 · answer #9 · answered by Anonymous · 0⤊ 0⤋
For things to get better, they must get worst first. I know it sounds horrible, but things could be so much worse. Just be thankful they aren't. Hope things get better for you.
2007-10-25 17:04:30 · answer #10 · answered by Dave o 1 · 2⤊ 0⤋
This is life... good and bad!
Make lemonaide: http://www.whatispersonalfinance.com
I'm 68,000 in debt, here's my story (ies)
2007-10-25 17:09:47 · answer #11 · answered by Anonymous · 0⤊ 0⤋