bank debts gone to collections
Question: I have a bank visa and line of credit that have gone to collections. I make payments every month but due to a change in life circumstances I can’t afford to make the kind of payment that they want. They are now threatening to take me to court and garnishe my wages are they able to that?
Answer: Yes, if you are behind on payments than can take you to court. Whether or not they are able to garnishee your wages will be up to the judge.
Obviously this is a very stressful situation for you, so we recommend that you talk to a credit counsellor or bankruptcy trustee to find out your options, as there are many possible solutions for dealing with collection agents.