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I have some credit card debt (3 months default) that tried to pay off/down. (My hours were cut the last 3 months) The creditors I have are:

Walmart 300
Target 300
Capital One 800
Sears 800
Household Bank 800

My problem is my bank account is frozen because of a judgment so all my payments to the creditors bounced. While I'm trying to settle this judgment, I am living paycheck to paycheck and I have no assets, not even a car. I only have enough left over to make very small payments a month. Do you think the creditors will agree to such a payment plan. There is no way I can come up with full payments right now. Help!




Welcome to the community friend, I'm sorry to hear about your situation. The judgment against you, were you served a civil summons/complaint?

Sub: #1 posted on Wed, 08/06/2008 - 15:47

JCEMT JCEMT
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(Posts: 2934 | Credits: 192.01)

Yes, I was served a civil suit. I didn't know that I could do a DV for proof so I made payments on the account and then when my hours were cut, I missed some. I didn't file an answer to the suit because I thought it would just go away (stupid me). The judgment went to default so now the collection agency that is suing me will probably take all the money I have in the bank?
I borrowed some money from a few friends, don't know how I'll pay them back.
Do you think the credit cards I owe now will be maybe a little understanding and work with me? I am willing to pay all of my debt, but I just don't have a whole lot of money at one time.
Thanks.

Sub: #2 posted on Wed, 08/06/2008 - 22:24

Unregistered


How much was the judgment for and how much did you have in your bank account?

Sub: #3 posted on Wed, 08/06/2008 - 23:37

DOLLARSandSINCE DOLLARSandSINCE
Moderators Cum Industry Expert
(Posts: 1078 | Credits: 137.97)

The judgment is for 4400. The lien happened last week so I have about 5 more days to fight this. I don't think I can get that money back. There is maybe 2000 in the bank account that is frozen.

Sub: #4 posted on Wed, 08/06/2008 - 23:47

Unregistered


Okay, so I just checked with the bank and the CA withdrew 1700 plus another 100 for legal fees. I now have 600 available but the bank rep says the levy will be there until November. He said to talk to Mark Walsh (Legal Recovery Associates) to see if the levy can be removed. What do I do? I really need to get that money out!

Sub: #5 posted on Thu, 08/07/2008 - 00:05

Unregistered


Dang that stinks. I was hoping it was a small amount since the CC's you owe are relatively small amounts. You will have to operate as cash only until this is cleared up or you risk them locking up a second account.

Sub: #6 posted on Thu, 08/07/2008 - 00:56

DOLLARSandSINCE DOLLARSandSINCE
Moderators Cum Industry Expert
(Posts: 1078 | Credits: 137.97)

Umm, okay. Do you think I will be able to get the balance out? How difficult do you think it will be to talk to the CA? I have tried to communicate with them in the past on why I missed payments but the lady I talked to didn't even listen. I think they just want their money.
I am not going to have a bank account for awhile. CASH only for now.
Like I mentioned before, I am willing to pay this debt, but now I have over 1000 in bounced payments I have to take care of first (how, I don't know yet).
Should I even attempt to talk to the CA?

Sub: #7 posted on Thu, 08/07/2008 - 01:27

Unregistered


Is there any way that you can get an extension, to settle the judgement?

Sub: #8 posted on Thu, 08/07/2008 - 01:30

I.ALVARADO I.ALVARADO

(Posts: 64 | Credits: 14.09)

Nope. Judgment has already been enforced. Really sucks that I let myself get into this much trouble. But I am getting such an education from these boards!

I was going to try to see if 1000 would satisfy the judgment but since they have already taken 1700+, time to try something else. Suggestions anyone?

Btw, thanks to everyone for helping out...I'm so ready to jump off a cliff (but I won't until all the debt is paid...).

Sub: #9 posted on Thu, 08/07/2008 - 01:37

Unregistered


I would definitely try to work something out with the CA. Since they have a judgment, they could also garnish your wages for 25% of your disposable income (take home pay), unless you live in a state that doesn't allow garnishments. If you could work out some kind of payment plan with them, you might be able to avoid that.

Sub: #10 posted on Thu, 08/07/2008 - 01:51

alias1958 alias1958

(Posts: 1230 | Credits: 79.88)

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