I owe $35,000 on 4 credit cards, 3 cds. maxed out,

I owe $35,000 on 4 credit cards, 3 cds. maxed out, using one, payments min. bal $455 per month per card, cannot pay that amount, please advise I'm one or two payments behind and the calls have started, what can these card co.'s do?

3 Answers

Soaplady is right. They can file a lawsuit against you. Once the court issues a judgment against you, they can garnish your wages or place a lien on your property. That’s why try to pay-off debts asap. You may enroll in a debt consolidation program which will help you to replace your multiple bills into a single monthly payment.


What can they do?  They can sue you, garnish you if your state law allows it and levy your bank account.   What do you want to do?  Consolidate, settle, bankrutpcy?  You should be looking at YOUR options, not theirs....

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

What can they do?  They can sue you, garnish you if your state law allows it and levy your bank account.   What do you want to do?  Consolidate, settle, bankrutpcy?  You should be looking at YOUR options, not theirs....

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

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