Comments on: What Happens If I Have Credit Card Debt And Can’t Pay? (Part 2) http://www.brokepiggy.com/2009/07/03/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/ Where Students Go For Answers About Money & Personal Finance Mon, 06 Sep 2010 01:52:35 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: nick http://www.brokepiggy.com/2009/07/03/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/comment-page-1/#comment-5930 nick Sat, 30 Jan 2010 19:11:17 +0000 http://www.brokepiggy.com/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/#comment-5930 hi, im from boston i just got a notice for a civil action.. i havent paid any of my credit cards in a long time bc of a lawsuit which took all of my money to pay off.. which was years ago. what should i do? im afraid of my accounts being frozen any advice? hi,
im from boston
i just got a notice for a civil action..
i havent paid any of my credit cards in a long time bc of a lawsuit which took all of my money to pay off.. which was years ago.
what should i do?
im afraid of my accounts being frozen
any advice?

]]> By: Loanman http://www.brokepiggy.com/2009/07/03/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/comment-page-1/#comment-5920 Loanman Thu, 24 Dec 2009 12:00:18 +0000 http://www.brokepiggy.com/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/#comment-5920 Hi, possibly this entry may be off topic but anyhow, I've been surfing about your site and it looks very elegant. It is obvious that you know the subject and you are passionate about it. I Hi, possibly this entry may be off topic but anyhow, I’ve been surfing about your site and it looks very elegant. It is obvious that you know the subject and you are passionate about it. I

]]> By: admin http://www.brokepiggy.com/2009/07/03/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/comment-page-1/#comment-259 admin Mon, 24 Aug 2009 02:48:37 +0000 http://www.brokepiggy.com/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/#comment-259 Generally you're not going to find much grace from a credit card company, especially given the current economy. Remember, even though you're in a tough spot, you still signed up for this field trip. Other types of loans (such as a student loan) may be different because you can look into hardship deferral options. Credit cards are typically different and less forgiving. It never hurts to call them and ask for a lower minimum payment or decreased interest rate. If you do call, ask to talk to a supervisor and get to someone who can plead your case to who can actually do something about it. If anything, get this debt paid off as quick as possible and set up an emergency fund, so next time an emergency strikes, you won't be forced to plead for mercy. Generally you’re not going to find much grace from a credit card company, especially given the current economy. Remember, even though you’re in a tough spot, you still signed up for this field trip.

Other types of loans (such as a student loan) may be different because you can look into hardship deferral options.

Credit cards are typically different and less forgiving. It never hurts to call them and ask for a lower minimum payment or decreased interest rate. If you do call, ask to talk to a supervisor and get to someone who can plead your case to who can actually do something about it.

If anything, get this debt paid off as quick as possible and set up an emergency fund, so next time an emergency strikes, you won’t be forced to plead for mercy.

]]> By: Leslie http://www.brokepiggy.com/2009/07/03/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/comment-page-1/#comment-256 Leslie Fri, 21 Aug 2009 20:57:11 +0000 http://www.brokepiggy.com/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/#comment-256 What if I intend to pay, but am unable due to layoff and inability to find another job? What if I intend to pay, but am unable due to layoff and inability to find another job?

]]> By: Being Sued By Credit Card Company http://www.brokepiggy.com/2009/07/03/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/comment-page-1/#comment-211 Being Sued By Credit Card Company Fri, 17 Jul 2009 10:04:00 +0000 http://www.brokepiggy.com/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/#comment-211 [...] What Happens If I Have Credit Card Debt And Can’t Pay? [...] [...] What Happens If I Have Credit Card Debt And Can’t Pay? [...]

]]> By: admin http://www.brokepiggy.com/2009/07/03/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/comment-page-1/#comment-197 admin Mon, 06 Jul 2009 15:32:14 +0000 http://www.brokepiggy.com/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/#comment-197 @Jennifer - If a credit card company does sue you and wins the judgment, they can garnish your wages if the court allows them to. The point is that you should address the situation long before they sue you. It's important to know that even if a credit card company has sued you (not just said they are going to, but you've actually received papers), you can still work out a settlement before it goes to court. Just contact the attorney who filed the lawsuit and try to negotiate a deal with them directly. @Jennifer – If a credit card company does sue you and wins the judgment, they can garnish your wages if the court allows them to. The point is that you should address the situation long before they sue you.

It’s important to know that even if a credit card company has sued you (not just said they are going to, but you’ve actually received papers), you can still work out a settlement before it goes to court. Just contact the attorney who filed the lawsuit and try to negotiate a deal with them directly.

]]> By: JENNIFER Q http://www.brokepiggy.com/2009/07/03/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/comment-page-1/#comment-196 JENNIFER Q Mon, 06 Jul 2009 15:26:23 +0000 http://www.brokepiggy.com/what-happens-if-i-have-credit-card-debt-and-cant-pay-part-2/#comment-196 garnishment: i've read they can take up to 50% of ur wages. At this point, can you negotiate on voluntary payment or is it too late? garnishment: i’ve read they can take up to 50% of ur wages. At this point, can you negotiate on voluntary payment or is it too late?

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