Creditor won a small claims case and a judgment was made I pay the credit card debt. I made my payments for 9?
Creditor won a small claims case and a judgment was made I pay the credit card debt. I made my payments for 9 months to a Trustee. I became laid-off and I notified the Trustee that I could NOT pay the debt at this time, I stilled owe a $3000. I told the Trustee the amount owed was off by $1000. Trustee did not care and they notified the Small Claims Court I defaulted on the judgment. I did not do anything. I did not go back to court. Can I go back to COURT and explain my situation ?
I received a letter from the Creditor for Offer of Comprise. I wrote to them and told them I was laid off and told them to provide the amount of debt still owed from the Trustee. They wrote back and just sent the Court Judgment Order and told me to pay the debt. They did not validated the amount I still owed from the Trustee. What can I do ? Can I go back/write Court and explain my situation ? I was told that The creditor would garnish by wages once I became employed. Is this true ? Is it easy for them to find out who my new potential employer ? Need advice soon. Have only a few days to reply. Thanks
PS I have notfiled filed for Bankruptcy. I do not want to.
If I file bankruptcy will I be relieved of my credit card payments?
I have 2 credit cards bills and a few medical bills and no job to repay them.
I don’t own anything. No car, no home, nothing that they can take.
If I were to file bankruptcy would this eliminate the credit card payments and medical bills?
I live in WV. Exactly how much would it cost to file bankruptcy?
Eliminate Credit Card Debt – Make Lower Credit Card Payments Each Month
What important step people should take if they want to reduce the amount which they actually give to the credit card companies? The first and the most essential thing are to reduce the use of credit card. If a person seriously wants to reduce the credit card debts, then he should take necessary steps to stop the increase in debts. Apart from this stop, other frequent additions of debts must also be considered. Secondly, the person should also search for the ways to bring down the payment on monthly basis. People should plan the monthly expenses so that they may be able to give the debts for the next month on easy basis. Another option is that a person can pay more payment on the initial few months so that debts come down quickly and easily. Always remember that once the principle amount comes down, the interest amount will also get reduced and a person will be able to hold more cash in hand.
If the person’s financial condition is not good and he/she is near to files for bankruptcy, then to eliminate credit card debts will make a huge difference. This thing is little difficult because there are many adverse affects of excessive credit card debts and bankruptcy is one of the major affects. One of the steps the person can take is contact lenders and request them for the reduction in actual outstanding amount. This process is known as debt settlement. When a person is able to get settlement deal, they will come to a position where the monthly payment declines by 50% to 70% of the total payment.
Debt Management vs. Bankruptcy | Bankruptcy Credit Cards
Bankruptcy is severe and is only for those who have exhausted all other efforts. When you file for bankruptcy, your credit report will reflect the filing for up to 10 years. Whenever you apply for a credit card, a mortgage loan or even apply … It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding … …
I am in debt for an auto loan do I need a lawyer to file bankruptcy?
There is a lot of misconception about filing bankruptcy and restoring your credit and I have done both. You will be offered credit again after bankruptcy. Your creditors know you cannot do it again for 7 years so they havve not to much to lose … Bankruptcy should only be used if you, for instance, have $40000 in credit card debt, a $250000 mortage, and a $40000 car but for whatever reason you will no longer be able to make your payments for an extended period of time. … …
Chapter 7 Bankruptcy Vs Chapter 13 Bankruptcy | Credit Card Debt …
When you file for Chapter 13 Bankruptcy , the court approves a repayment plan that allows you to use your future income to pay off a default during a three-to-five-year period, rather than surrender any property. … After you have made all the payments under the plan, you receive a discharge of your debts. When you file for Chapter 7 Bankruptcy . and it is granted to you, then you will have to surrender your properties, or at least the ones that were not exempted by the … …
Repair Your Credit After Bankruptcy | Where Everything Is For Free …
Credit repair after bankruptcy isn’t really the right wording for what it is you’re really doing, you’re not really going to be fixing things specially, you’re. … After six months to a year you’ll want to look into getting a small secured loan, and make the payments on time each month. Your financial history is made up of both card and loan payments, so having a mix of these will help keep all your bases covered. The most important thing you can do for yourself is to … …
How can i file bankruptcy for a 7.000 credit card debt?
card debt … you can become debt free for a fraction of what you owe, without a bankruptcy, a loan or putting a Bankruptcy on your credit file. … s credit report; and (6) Debt . … It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. Student loans are the only … …
