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and can’t afford to pay for credit cards or car payments after repo. i’ve no property waht so ever, but only one paid off car crown vic 97.
can they take it awayfrom me?
can they garnish my wages? if yes, after how long it takes to start garnishing?
does the debt goes away after sometime?
how badly can they harass me?

4 Comments »

1. 

   bankrupcy is another word for stealing money. and of course they will take your shit thats what bankruptcy is all about. should have sold the damn car if your couldnt make the payments.

   Comment by raul g — January 21, 2011 @ 11:27 pm

2. 

   Well, it takes seven years for that to fall off your credit report. Can be more of less depending on the state that you live in. If you do not answer the phone when the bill collectors call they can not update your file and start to eventually leaving you alone. Or you could go to a credit counseling service and they can work out a payment pay that will fit into your budget. You can look some up on the internet. Or there’s http://www.cccs.com Good Luck! I will work out one way or another!

   Comment by SWAMRI — January 21, 2011 @ 11:27 pm

3. 

   Honestly, the credit card companies do not want your vehicle – they just want the equity that’s in it. If you can, find a Local credit counseling service. Do not trust the ones on tv or the ones that ask for an up-front fee any greater than 300, as they are scams nine times out of ten. I used to work for a debt consolidation firm and I can tell you, they try to take as much of your money as they can without doing a darn thing for you. Half the time their employees either leave or are fired after a month or so, so you’ll have 50 different people "handling your case." If you have already been sent to collections, there are certain guidelines the collection agencies have to follow, so you should get familiar with the Fair Debt Collections Practices Act, http://en.wikipedia.org/wiki/Fair_Debt_Collection_Practices_Act , which protects the rights of consumers. And if you so choose, you don’t ever have to deal with collection agencies. If you tell them not to call you ever again, then by law they can’t. You should only deal with the original creditor because they are the only ones who can wipe it off your credit report. Depending on the age of the debt, sometimes they will settle for 50, 60 or 80% of your total debt. Try to get the over-limit and finance fees knocked off and then setup a payment arrangement.

   Just remember, most Americans are deeply in debt and living paycheck to paycheck – it’s not your fault; it’s the way our system is set-up! The big companies are making millions of dollars off of hard-working Americans everyday. You have options and rights in this situation so don’t get flustered!

   Comment by julianatheory86 — January 21, 2011 @ 11:27 pm

4. 

   No one can garnish wages without first filing a law suit and then wining that law suit. Furthermore, not all states permit wage garnishments.

   I would suggest that you consult with an attorney. Preferably one who handles consumer credit issues. You can get a referral from your local county bar association. You might also be eligible for free legal help from your local legal aid office.

   Comment by Bill C — January 21, 2011 @ 11:27 pm

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