Help Debts

Posts Tagged ‘wages’

Does it go in the profit and loss?

And also does the bad debts go in the profit and loss?

and where does the production wages go?

and where does bank charges go?

I have a credit card bill for about 00 that has been closed and bought by a debt buyer (Portfolio Recovery Associates) and they have recently summoned me for a civil suit. From what I’ve read, I can’t have my wages garnished in NC for credit card debt unless they get another state to order the garnishment, but the lawsuit is in a NC court and VA (the state where Portfolio Recovery Associates is headquartered) doesn’t seem to allow it either. Also, some sources (credit lawyers’ websites) say that debt buyers don’t really do well in court because they don’t usually have the documentation that they need to prove the case. According to the lawyers, the debt buyers are hoping that I won’t show up and they’ll get a default judgment – assurance that I’ll have to pay and a 20-year extension on how long they have to collect. I have a few smaller past due accounts that I would also like to pay off, but I can’t afford to pay everyone at once, especially if i make large lump sum payments on any particular account. I don’t have much money and my husband and I are struggling to recover from unemployment issues from the past two years. Therefore, I want to make the best long-term financial decision without spending more money than necessary. Does anyone with experience in this situation have advice? Would hiring a lawyer be worth the money? Is there a way to get a free but legit legal consultation (maybe local government resources)?

I have debts with my bank including loan, overdraft and credit card. If i was to stop paying my wages into that account what would happen? Would they eventually help me lower my payments for the 3 balances or would they just take court action?

I have a lot of medical debts, the only income I have is social security disability. This is what I live on. If anyone were to garnish my wages it would be a disaster.