I am in CO and have ignored the numerous Summons. As a result, I have a judgement against me and they have frozen my account which made it worse. Now they have garnished my wages which is 25% of my gross less the required taxes. I owe over $15k and am paid less than $31k/year. How long can they garnish my wages and is there anything I can do beside file for bankruptcy? Thank you.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.