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file bankruptcy
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∙ 12y ago
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How can you stop the interest rate on a credit card debt if the account is closed?
Pay it off.
What is vacate garnishment order?
Vacating a civil judgment nullifies the court's original decision. If the judgment was levied due to unpaid debt, any garnishment must immediately cease. Read more at Suite101: [http://www.suite101.com/content/vacating-a-civil-judgment-for-unpaid-debt-can-stop-garnishment-a234018#ixzz15UVivDRu '''Vacating a Civil Judgment For Unpaid Debt Can Stop Garnishment'''] [http://www.suite101.com/content/vacating-a-civil-judgment-for-unpaid-debt-can-stop-garnishment-a234018#ixzz15UVivDRu '''http://www.suite101.com/content/vacating-a-civil-judgment-for-unpaid-debt-can-stop-garnishment-a234018#ixzz15UVivDRu''']
If I declare bankruptcy to stop credit card debt do I still owe interest on the credit cards?
You are STILL liable for the balance owing on the account. It is up to the credit card company how they decide to recover the debt. Companies would rather recover debt at a lower repayment over a longer period - than wipe out the debt altogether.
What are some quick tips to help write off credit card debt?
There are quite a few things that an individual could do to help write off credit card debt. Examples would include stop charging, budgeting, making aggressive payments, and see about credit counseling.
Is bankruptcy the only way to stop a garnishment?
Bankruptcy does not stop garnishment, it only delays it while the bankruptcy stay is in place. If the bankruptcy does not forgive the debt, once the bankruptcy is discharged or dismissed, the lender is likely to reinstate garnishment.The only way to stop garnishment is to pay the balance owed, OR list the debt as part of the bankruptcy and successfully discharge it.
Will bankruptcy stop a wage garnishment for credit card debt?
Yes. When the bankruptcy is filed an automatic stay goes into effect which halts all creditor action until the bankruptcy is completed and discharged. Creditors may request a lift of stay from the bankruptcy court, if it is granted the creditor may continue collection procedures including those such as a wage garnishment that is in affect. A lift of stay is rarely granted when the issue is unsecured debt.
Can a credit card stop a loan approval?
Yes. If you are approved for a loan based on your current debt and income, and then you obtain new debt such as a credit card you may no longer meet the requirements for your current loan approval thus resulting in a decline of the pending loan.
If your wages are being garnish and you relocate to a state that dont garnish your wages will the garnishment stop?
Garnishment will not stop if you leave the state. A garnishment is obtained from a judgment or default judgment against you in court. You have the option to go to court, and file for modification of the debt or file bankruptcy unless the debt is listed under special circumstances.
Can debt consolidation stop future liens on bank accounts Including medical bills credit debt What if you would like to keep a personal credit card and consolidate all the others.?
Debt consolidation can not stop liens or judgments. However, if those debts are included in the consolidation and are accepted by the creditor, then judgments and liens may be prevented. In a debt consolidation, you generally can keep one personal credit card while consolidating the others. To learn more about consolidation and eliminating debt, check out the link below.
What is it called to stop paying off debt?
To stop paying on a debt is to "Default" on the credit agreement.
Can a credit card company take away or place a lien on your Florida home if you stop paying the 12K credit card balance and you are not a US citizen and live and work outside the country?
no a credit card company may not take your home away. a creditor can never take anything away if the debt is unsecured such as a credit card. regardless of what anyone posts here, credit card companies cant do anything whatsoever if you stop paying them. your credit is ruined and they call alot, but that's all they can do.
How do you stop relative from running up credit card debt?
You would have to unlawfully detain said relative. Also helpful to not cosign for people.
