Foreclosure Sing
Can you help? Garnishments – Can you do anything about them? What about the fees?
I work with a lady at work who went through tough time supporting her ex. She got really behind in a lot of payments, almost lost her house to foreclosure because the rate was adjustable. Sold house. She was just hit up with a 25% garnishment from a credit card company on her wages for a sing mom. Also, they tapped on $1900 in filing fees, court cost, garnishment. Originally she owed $5000 now she owes that plus fees. Is their anything she can do? She can barely pay rent now, ex not able to work either. Family estranged.
Wow. That’s a lot of debt. … I owe more than that on student loans, so I may have some idea how she feels. (I currently earn $400 per month less than I need to spend – life is going to get hard when my boyfriend goes to California next year)
I am curious how she got in this much debt and why they added all these fees. Has she spoken with the credit card company about her situation? While they don’t like it, I thought most places would let you arrange lower payments if they knew your situation.
I think she should call around to those places that help with debt consolidation or counseling. She will probably have to try a few places before finding one that will take on something this small – but if she can get their help, they might be better at negotiating with the credit card company.
That’s probably about all she can do. … Talk to the credit card directly about her situation. Ask if they can at least lower the garnishment. And if they don’t help – speak with a place that specializes in these kinds of problems and see if they can talk the company into being more understanding.
I wish your friend luck getting this sorted out.
– Michelle
Cover Song – Foreclosure of a Dream. Also: Didn’t sing it. (Megadeth)
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Wall Street Cowboy $1.99 … |
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Wall Street Cowboy $9.99 … |
