Debt Consolidation Loans For Unsecured Debts Even With Bad Credit
Bad credit can be something that hangs around your neck like a weight. If you are struggling with debt, then you might think that your bad credit takes you out of the running for many of the ideal debt relief measures.
The fact of the matter is that this is totally not true. Just because you have bad credit should not stop you from using the acquirable resources for people with debt problems. With that in mind, what are those things that can help people, even if they have the worst credit imaginable? One solution is debt consolidation, as this is something that can be used by just about everyone.
Aurora Lillo Editor of the “Best Debt Consolidation Services” website — http://www.ReputableDebtConsolidationCompanies.com — pointed out;
What can a creditor do to collect money from unsecured debt once a judgement has been issued by the court?
Question by stemwad12954: What can a creditor do to collect money from unsecured debt once a judgement has been issued by the court?
My girl friend can't and will not pay a credit card debt for ,000 and has recieved a summons from a sheriff to appear in court. If she does not appear a judgement will be against her. Can they attach or take any of her assets or money from bank accounts to pay back the loan?
Best answer:
Answer by CatDad
A judgement would allow them to freeze checking accounts and garnish wages. If she has a home they might place a lien on the property
DO NOT be a no-show in court under any circumstances whatsoever. Not showing up is the worst thing she can possibly do. Even if you are frightened….or you’re sick with a 102 degree fever…or if you think that you’d loose, show up anyway! If you don’t, the other side will get a default judgement and they will get this on THEIR terms. Creditors LOVE when you don’t show up in court. They will paraphernalia on all sorts of add-on fees and the amount of the judgment could end up being two or three times the actual amount of the debt. They could freeze her checking account. Even worse…they might be healthy to garnish consequence and if you don’t show up the judge will allow the max. allowable remuneration garnishment…which can be as high as 25% of her wages.
On the court date: Bring complete documentation of your income and living expenses: Pay stubs and duplicates of bills. Even if you loose, you can use this to negotiate much more favorable repayment terms.
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Regarding the advise below: no… as long as she shows up in court and tries to negotiate with them they cant garnish her assets or anything.
This is completely incorrect. Showing up in court could help you to negotiate a much lower rate of garnishment…but it can't stop them from getting a garnishment.
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