i am on disability,married,own (paying on) a house,a lot of credit cards from when I used to be able to work and used to have good credit,used credit cards to pay bills while SS disability claim was processing,can't afford to pay with current income from SS,can't afford to file bankruptcy,do not want to lose house
2007-12-14 01:58:56 · 5 answers · asked by wendy c 1 in Business & Finance ➔ Personal Finance
what ever the judgment says will happen -- the court will decide if you have to sale you house to pay off the debt==your best bet is set down figure the bare amount of money you need to survive and try to work something out with the creditors!!!!
2007-12-17 23:14:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Call your creditors and tell them your situation.... they may lower all your interest rates. They also may be able to offer some solutions.... Debt consolidation is a great alternative to bankruptcy, and they can offer you a way to pay off your bills that coincides with what you can afford
2007-12-14 02:18:46 · answer #2 · answered by Family 5 · 0⤊ 0⤋
maximum folk dont comprehend in basic terms with the aid of fact some thing isnt going to coach on your credit report doesnt advise you dont owe it. additionally they are able to replace that report on your credit report and save it on their longer as lengthy as there is pastime meaning they replace the account advice etc. they have a 6 3 hundred and sixty 5 days statue of obstacles. to report a lawsuit. probability is they filed it earlier the 6 years have been up and gained the judgement in january 07. now they have 2 an prolonged time to convey collectively it. in spite of the fact that maximum states will renew a judgement. sounds to me like those people are in basic terms going to leave it on my own. solid success
2016-12-17 17:53:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They'll start garnishing your income, whatever form it may be.
They could also put a lein on your house and perhaps force you to sell.
You didn't say if you were able to work or not. If you can, then get any sort of job you're able to make extra money. If your spouce doesn't work, then perhaps they should. If your spouce does work, then perhaps they need to get a 2nd job to make more money.
2007-12-14 03:31:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If they have a judgment against you they can legally garnish your salary, ss payments, and even put a lien against any property you own. I would try to work out a plan with them ASAP.
2007-12-14 02:05:30 · answer #5 · answered by Jay P 7 · 0⤊ 0⤋