Calling all Lawyers/anybody with the pleasant experience of being sued for CCard debt

[MC CrappinHawks]

1. What do I do to protect myself from my wages being garnished???
2. Do I have to hire a lawyer to do this, or is it something I can do on my own??
3. Its only $6500, but I also don't make very much money, should I just file for bankruptcy?? I do have a mortgage, no other credit cards.
4. Thank You so much for any help.............................

[Wallruss64]

I used to work in collections. The CC companies will settle for less than half of the original balance if you can pay it off in one lump sum.

[GoCubsGo]

Thanks for raising everybody else's interest rates!

[2forISU]

Get a lawyer.

[CloneIce]

I wouldn't file for bankruptcy over $6,500. Has to be some way to pay it off if they will work with you.

[kingcy]

Could you go to the bank barrow the money needed to pay it off and then pay the bank back at a lower rate?

[The_Architect]

Couple questions:

You only owe $6500 and you're considering bankruptcy?!?! What a horrible idea...

What's your credit like? Can you open another account with low balance transfer rates and transfer the balance? Also, you could get a second part-time job and use that income to pay off the balance.

[mt85]

Be responsible and live up to your obligations. Get a second job if necessary.

[MC CrappinHawks]

Be responsible and live up to your obligations. Get a second job if necessary.

I agree with this and I have been trying to get a second, and still am.

[CYdTracked]

You don't have some assets to sell off like a car, furniture, etc. that could help with this? What kind of expenses do you have where you can't make some of this money up by canceling things like your cable/sattalite plan or any other subscription type services that you can either go with something basic or eliminate altogether for the short term? As someone else said a 2nd job would help a lot too.

[UofICy]

sell stuff and pay it back. Sorry but I'm a firm believer in if you can't afford it, don't buy it. Start with cancelling your internet connection and cell phone. Those things are luxuries and not neccesities.

[alarson]

sell stuff and pay it back. Sorry but I'm a firm believer in if you can't afford it, don't buy it. Start with cancelling your internet connection and cell phone. Those things are luxuries and not neccesities.

These days a lot of people dont have land lines and just have cells. A phone is a necessity, especially if looking for additional work.

[MC CrappinHawks]

Good idea, got enough equity, but already got the loan modified due to having crappy credit and not being able to refinance.

[CYdTracked]

sell stuff and pay it back. Sorry but I'm a firm believer in if you can't afford it, don't buy it. Start with cancelling your internet connection and cell phone. Those things are luxuries and not neccesities.

I agree, I use my CC for everything I can but I spend within my means and pay off the balance every month. There is no reason to be carrying a balance on a CC, especially at the interest rates they charge so I don't feel much sympathy for those who rack up CC debt yet have things they probably shouldn't have bought with it in the first place.

[gondozors]

Go talk to Consumer Credit of Iowa, aka Tom Coats.

Just be wary, they might try to convince you need Bankruptcy, but for $6500 you don't want to do that. It's a free sit down session, so won't hurt to listen to their ideas on how to help you out.

They might be able to work a deal out directly with the credit card company to cut your interest rate down to less then 10% and with the condition you make them monthly payment & close the account.

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