The phone is ringing, and I don't recognize the number, All Caller ID says is, "NAME UNAVAILABLE".
Please help me figure out who is calling and what they want
Whether the creditor can garnish your wages, seize your bank account or house depends entirely on the state you live in. In Texas, the creditor can sue you, but even with a judgment, the creditor CANNOT garnish any wages, seize your bank account or house. The only reason wages can be garnished in Texas is for child support, federally backed student loans, and alimony (which is very rare to even receive in Texas). So, cease and desist letters are good to use if you live in a state like Texas. The high and mighty people who say "just pay your bills" don't realize that things happen and when your bill went from $300 to $2000 because of interest, late fees, etc. and your choice is shelter or food for my child or pay the credit card-I guess you would choose pay the credit company?? Everyone thinks that way until something tragic happens to them (i.e. lose job, medical emergency, care for an elder parent, etc.), then they realize that dire situations require difficult choices. The other problem is that they won't work out a reasonable payment plan and/or will keep adding excessive interest and late fees so that it is never paid off. If someone didn't have the money to pay the original payments, why would you think they now have the money to pay 65% of $2000?!?!
Whether the creditor can garnish your wages, seize your bank account or house depends entirely on the state you live in. In Texas, the creditor can sue you, but even with a judgment, the creditor CANNOT garnish any wages, seize your bank account or house. The only reason wages can be garnished in Texas is for child support, federally backed student loans, and alimony (which is very rare to even receive in Texas). So, cease and desist letters are good to use if you live in a state like Texas. The high and mighty people who say "just pay your bills" don't realize that things happen and when your bill went from $300 to $2000 because of interest, late fees, etc. and your choice is shelter or food for my child or pay the credit card-I guess you would choose pay the credit company?? Everyone thinks that way until something tragic happens to them (i.e. lose job, medical emergency, care for an elder parent, etc.), then they realize that dire situations require difficult choices. The other problem is that they won't work out a reasonable payment plan and/or will keep adding excessive interest and late fees so that it is never paid off. If someone didn't have the money to pay the original payments, why would you think they now have the money to pay 65% of $2000?!?!