Hi, Over the past few years I have gotten into al

Hi,
Over the past few years I have gotten into all kinds of debt trouble with credit cards/medical bills. I was sued and my check garnished for one card in June of this year. They are taking almost $600.00 a month to cover a debt of $1500.00 (originally $500.00) I have a car payment and had to defer it for two months thinking I would have the money to pay it later. Wrong. I was suppose to make a payment on the 20th of this month and cannot do so. The garnishment has drained me dry. What should I do about the car and can they start proceedings to repo it? I have contacted an attorney about filing chapter 13 that will include the car in it, but not sure what to do about this now.

4 Answers

It is unlikely that they will be able to refi with a judgment on their credit report, especially with an active garnishment.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

Your account will be garnished till the judgment is paid off. Yeah, the lender can repossess your car when you default on the loan. Explain your situation to the lender and try to settle the debt. You may also refinance the car loan. This will help you avoid car repossession.


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