Being Sued By Cc Company, Need Advice, Please Help!

[rhill6537 0]

It takes a while to garnish your wages esp from a Credit card company. I believe they can only take at most 25% of your gross. I had a judgement from a credit card company a long time ago and they never tried to garnish my wages. I will screw up your credit scores. try saving up some money and if they do hit you try to settle for half. if you have a crappy job and can find another one quickly in the same field if they hit you just change jobs it will take them forever to find you.

[Mercury69 3]

Jerry doesn't know.

[MAXIMA 0]

About four years ago my girlfriend and I ended a 6 year realtionship. She totally disappeared and left me with 50k debt. I could not handle these debts all by myself and a lot went into collections.The first thing I did was find a company that could help me clear my debt. They negotiated on my behalf and was able to reduce my debt load and also provided me with some very affordable monthly payments.I am almost debt free and my credit rating is at a R4 which is not the best but easily repairable.My best advice is to take this head on cut your spending way back and solve this problem.Maxima

[mtdesmoines 3]

Well it finally happened, gambling has pretty much messed up my life. I'm being sued and am worried now if I will actually end up homeless. To make a long story short, I owe Capital One $6000; I got a judgement against me from a local law firm that they hired, and now I believe they will start to garnish my wages. Bankruptcy is not an option. The law where I live states this about wage garnishment:WAGE GARNISHMENTS: 95% of first $100, 90% of second $100, 80% of net wages in excess of $200 per month or federal exemptions, whichever is greaterCan anyone tell me does this mean if I make $1000 a month, they will take out $95+$90 and then 80% of the remaining $800? this would equal to $185 + $640 = $825. So I would only be getting $175 a month? This would be impossible to live off of. Not only that, I have to worry about them maybe trying to get my car. Anybody been through this kind of thing? Can they actually take out that much?

Get a part time job. Commit to paying this back over two years from your part time job. Pay your debts. $6,000 is an amazingly small amount of money over two years. Respect yourself.

[Rep Bob Goodlatte 0]

Well it finally happened, gambling has pretty much messed up my life. I'm being sued and am worried now if I will actually end up homeless. To make a long story short, I owe Capital One $6000; I got a judgement against me from a local law firm that they hired, and now I believe they will start to garnish my wages. Bankruptcy is not an option.

First I would like to offer my sincere apologizes for you situation and the lack of protection offered by the American government. Gambling is a disease and the internet is breeding grounds for innumerable forms of bacteria and viruses. It amazes me at how we (the Legislature) create so many laws each year designed to protect the American public from foreign and domestic threats, but my collegues have failed to realize the imminent danger posed in our homes via the internet. As for your situation, I hope that you can find your way out and I feel confident that you will since you have been smart enough to realize the inevitable failure that results from gambling. Furthermore, I hope that you will write your Congressmen and insist that they support House Bill 4777, The Internet Gambling Prohibition Act. Let this man's sad story be a warning to all of you. The pitfalls of gambling are unavoidable. The test of time has proven this, but also the temptation for instant wealth has been persistent in our nature since the Garden of Eden, and we need help and protection from these evils.SincerelyBob

[tobytobey 0]

Hmmm, DevorzoN from Las Vegas.....Just Saying

[ForRealDD 0]

[NicksDad1970 0]

There's a whole bunch of advice I would have liked to give to you. But it appears you came to late to get help for a lot of it. Once you got the judgement against you that hurt. But it's like the old saying "you can't squeeze blood from a turnip". Talk to the credit card people and be sincere about what you can do. Not what you can do to maintain the lifestyle you already have. But one where you can still put food on the plate and make many other sacrifices.Good luck, I really wish the best to you.

[chipinchair 0]

I just saved a ton of money on my car insurance !

[ForRealDD 0]

[lordofelt 0]

First I would like to offer my sincere apologizes for you situation and the lack of protection offered by the American government. Gambling is a disease and the internet is breeding grounds for innumerable forms of bacteria and viruses. It amazes me at how we (the Legislature) create so many laws each year designed to protect the American public from foreign and domestic threats, but my collegues have failed to realize the imminent danger posed in our homes via the internet. As for your situation, I hope that you can find your way out and I feel confident that you will since you have been smart enough to realize the inevitable failure that results from gambling. Furthermore, I hope that you will write your Congressmen and insist that they support House Bill 4777, The Internet Gambling Prohibition Act. Let this man's sad story be a warning to all of you. The pitfalls of gambling are unavoidable. The test of time has proven this, but also the temptation for instant wealth has been persistent in our nature since the Garden of Eden, and we need help and protection from these evils.SincerelyBob

I really hope I missed the sw that was supposed to be at the end of this sentance. I have the deepest empathy for the OP but banning all gambling is not the answer. Just because a very few have a problem with something doesn't mean it should be banned to the general public. There is a small percentage of adults who's lives are ruined by Alchohol but the majority can enjoy it responsibly the answer is help to those who abuse it not to ban it to all who want it. The same goes for gambling 97%+ of those who gamble never claim bankrupcy from it and can enjoy it responsibly why should the 97% be punished to protect the 3% who can't?? I really don't want to hijack this thread because I think the OP is getting some good advice but bill 4777 is a joke. It has nothing to do with the morality of gambling and everything to do with: protectionism, and profit for the government. Furthermore the bill itself is actually ILLEGAL under international law according to the WTO because it violates several treaties the US has signed. I'm all for REGULATION of the online gaming industry to make it safer and bar minors from gambling. Sorry if this creates a hijack OP and good luck with your debt problems.

[Dizzyg8r 0]

Check out Title III of the Consumer Credit Protection Act - the most they can garnish during any given pay period is the lesser of:1) 25% of your disposable earnings (wages less legally required deductions such as federal and state income tax, social security, etc.) or 2) the amount of your disposable earnings greater than 30 times the Federal minimum wage ($5.15 /hour).Depending on your state's garnishment laws, the amount the creditor can garnish may be even less. If you want a more exact number, send me a pm listing your pay period (weekly, bi-weekly, monthly, etc.) and your pay less required deductions for each pay period.

[The Czar 0]

Seek legal advice or a free consultation. Your situation is nothing compared to what they have seen, I'm sure. It's not as bad as you think, just relax and talk to someone who is an expert in this field.

[TS Clark 0]

Well, I suppose at this point you don't need anyone to tell you how many layers of stupid you went on this. But I hope you will genuinely learn a lesson so that you don't go down this road again. I wish you good luck with that.Your financial life if you file for bankruptcy a second time is going to be devastated for the next 7-10 years. Your first step before considering this should be to call some advocacy groups. Call Gamblers Anon -- I'm sure they have a list of resources for people in your spot. Call the people who help settle CC debt, as many others have advised you. Explain your situation in full to them (as humiliating as that will be) and listen carefully to what they say to you. Get another job and get out of debt.Frankly, $6K isn't that much money. With some better spending habits and a second job, you should be able to pay this off in a reasonable amount of time. It's certainly not an amount of money that you want ruining your financial life for the next 7-10 years by declaring bankruptcy.I wish you all the best. And, regardless of how the financial end of this works out, please call Gamblers Anon and try to get some help. You need to talk to someone about this and denying your problem isn't going to hurt anyone but you.

[mtdesmoines 3]

Frankly, $6K isn't that much money. With some better spending habits and a second job, you should be able to pay this off in a reasonable amount of time. It's certainly not an amount of money that you want ruining your financial life for the next 7-10 years by declaring bankruptcy.

EXACTLY. 2 years of part time job, VS 10 years of being a registered credit offender? Pah. There's no choice to be made there. MAN UP. Do what's right. Work it off.

[RyTime 0]

As a lawyer - no need to hire a lawyer.The garnishment papers will spell out exactly what they can garnish - your numbers in the OP sounded like the $$ you will be able to KEEP - so reread that. The 6k is a reasonable amount of debt you can pay back through the garnishment.Also, most CC or collection agencies will NOT deal with you once they have a judgment b/c of costs and lawyers fees already incurred. You are probably stuck with paying the 6k back (unless you hide, which is pretty easy to do). However, remember that the judgment has a statutory interest on it (usually around 8%) that is racking up on you as well.

[TheSkearnel 0]

I don't think gambling addiction is going to be these kids biggest problems. Not being able to reduce fractions will cause them more harm in the end.3 out of 30 is 1 out of 10. Morons.-Shawn K.

[fleung22 1]

No useful advice but best of luck in finding a solution man.

[aucu 3]

This makes me remember when I started playing back in grade school.Whenever I would lose, which was most of the time I´d force myself to work it off, even if I had other money I´d get my $s back by shoveling snow or picking bottles.Work it off, there is no other way.

[GrindingAway 0]

[quote name='Rep Bob Goodlatte' post='1094681' date='Wednesday, May The pitfalls of gambling are unavoidable. The test of time has proven this, but also the temptation for instant wealth has been persistent in our nature since the Garden of Eden, and we need help and protection from these evils.SincerelyBob*****************************************************************Thanks for your input Bob - Why don't you work on cleaning up the lobbiest's influence on our Government and the Pork in our Government spending - Then come on in and interfere in what we do in our homes. Maybee you'd be able to spend fewer of the hours in your day begging for money for your reelection campaign and more hours doing the work you actualy want to do - Serving your constituents.Devorzon : I know how you feel - you are not alone - many of us have been where you are - You can beat this & come out ahead. PLEASE check out Dave Ramsey.com he has helped straighten out my financial life which has helped my personal life AND allowed me to enjoy my poker life. God Bless you -Read Dave's site / listen to his radio show it will change your life for the better.

[ForRealDD 0]

First I would like to offer my sincere apologizes for you situation and the lack of protection offered by the American government. Gambling is a disease and the internet is breeding grounds for innumerable forms of bacteria and viruses. It amazes me at how we (the Legislature) create so many laws each year designed to protect the American public from foreign and domestic threats, but my collegues have failed to realize the imminent danger posed in our homes via the internet. As for your situation, I hope that you can find your way out and I feel confident that you will since you have been smart enough to realize the inevitable failure that results from gambling. Furthermore, I hope that you will write your Congressmen and insist that they support House Bill 4777, The Internet Gambling Prohibition Act. Let this man's sad story be a warning to all of you. The pitfalls of gambling are unavoidable. The test of time has proven this, but also the temptation for instant wealth has been persistent in our nature since the Garden of Eden, and we need help and protection from these evils.SincerelyBob

What are you doing surfing a "Gambling" forum Bobby ? Seriously though...PP deposit bonus is CP100, be sure to put The_Sickest as your referrer too, preciate it.

[Steppin Razor 0]

http://casinogambling.about.com/library/weekly/aa121399.htmFight fire with fire... sue them, it worked for this person and they were stuck a whole lot worse than you

Sunnova.... That's it, I'm moving out of this pathetic excuse of a country.

blah blah blah

Sunnova.... That's it, I'm moving out of this pathetic excuse of a country again.Even though that's undoubtedly not Bob Goodlatte, the fact that these judgmental churchy ranters are everywhere sucks.I just got back from 3 weeks in Canada, and as soon as I fire out how to sneak across the border, I'm immigrating.

[thenutlow 0]

OP,Counter-Sue Capital One for allowing you to partake in an illegal activity... Claim they should have blocked these illegal transactionsOnce they have written off the debt, sue them for mental stress and then from $6k in the hole you are debt free and $50,000 richer. Another product of the fine American systemYou can then become the billboard face for the anti-gambling commission (unless you are fat and ugly, which I presume you are)you are welcome

[TrueFX 0]

As many have said, $6,000 is not that much money. Get yourself a weekend job and pay it off. Don't let an amount as small as $6,000 hurt you for the next 7-10 years. If you have to, sell your car and buy a junker. Hell, you live in Hawaii, your job can't be all that far from your house. Who cares how you get there. Do everything you can to repay this money, after all, you did borrow it, you are obligated to pay it back. And as you've heard before, STOP GAMBLING! You obviously aren't going to win and the only thing you will do is make it worst. Cancel ALL your CCs so that way you will no longer have access to cash that you really don't have.Good Luck and don't let it get you down. You can have it paid off in 12-18 months if you send all your extra money in. Screw the minimum!TrueFX

[ForRealDD 0]

As many have said, $6,000 is not that much money. Get yourself a weekend job and pay it off. Don't let an amount as small as $6,000 hurt you for the next 7-10 years. If you have to, sell your car and buy a junker. Hell, you live in Hawaii, your job can't be all that far from your house. Who cares how you get there. Do everything you can to repay this money, after all, you did borrow it, you are obligated to pay it back. And as you've heard before, STOP GAMBLING! You obviously aren't going to win and the only thing you will do is make it worst. Cancel ALL your CCs so that way you will no longer have access to cash that you really don't have.Good Luck and don't let it get you down. You can have it paid off in 12-18 months if you send all your extra money in. Screw the minimum!TrueFX