Posts by silverbear56

John Clark6 said:Look, if you decide to file a formal complaint, it goes straight to court—and once that ruling becomes final, they head right over to the bank to collect, and from there, the whole process moves forward... essentially, that's how they get paid. I guess it would be helpful if you could just tell us what your actual end goal is? That way, we can give you some real advice instead of guessing—because, honestly, I think I’m starting to see where you're going with all these questions...

Look, it's obvious we don't all have the exact same rights. I have a friend who actually works at a major bank, and she told me personally that while foreclosure or garnishment is possible, it usually doesn't happen if you aren't ignoring them for months or even a year... but she also emphasized that making *any* kind of payment makes a huge difference. If there are absolutely zero payments being made, that’s a whole different story, because once a payment history exists, they can't just trigger an immediate seizure! That is exactly why I posted this question here, but it seems everyone has a different opinion on how the process works. In my specific situation, Discover is obviously going to try to demand the full balance or maybe offer a three-month installment plan at $1000, but my paycheck is actually less than that amount.

Dennis Jackson6 said:Maybe if they actually raised taxes to normal levels like we see in other developed countries, then they could finally start treating debtors according to their actual circumstances. Everything else they’re doing right now just feels pathetic.

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We can dream all we want about getting a raise... personally, I just want to get out from under my debt, but in America, you basically have to starve yourself until the next paycheck just to stay current on what you owe.

Thanks for all the input... I have one more question regarding this judgment: do I need to head to court first, or will they come straight for my paycheck?

I’m not trying to act like an expert here! Look, I have a car that I use to get to work so I can earn minimum wage, which isn't even enough to cover my bills! It's entirely my own fault for not being more financially savvy. I'm just looking for some advice: if I start making small payments toward what I owe, am I going to risk getting my wages garnished?

Hello there. I am looking for some advice... I have outstanding debt with my Diner's Club card and AT&T. Naturally, they have passed the debt along to a collection agency, and now I am receiving threats that they will attempt to collect the full amount at once (which is impossible! My paycheck is only $1000) just so I can get by...
What I am wondering is, if I were to make monthly payments, even if it was just around $167, could they still move forward with garnishment? If I keep making regular payments, there is a record showing that I am trying to pay something, no matter how small! I simply cannot afford everything at once. Should I head to court first? Will they come for my wages, or could they actually take my car?
Thank you