Legal Question in Credit and Debt Law in Arizona

I am 150 days late on a credit card with a $1,600 balance. G.C., a "pre litigation" company has contacted me and offered to settle for around $650,or else...I absolutely don't have the money. Im collecting unemployment and have been laid off for 6 months. I have small children and my wife had her hours cut to part time. I have NO other debt/assets. I own a car which is paid for. Can an amount of my wife's small check be garnished, which we literally survive on? I have offered to pay the amount in full with my tax returns for 2009, that's the way i have paid $20,000 off in debt the last 4 years. But the rep. said no i cannot, and to ask everyone i know for $650.00. This is disappointing since this is the LAST of all our debt, and such a small amount. We didn't want to come this far to recovery just to be sued in the end when we CAN pay it all soon.


Asked on 9/11/09, 1:50 pm

1 Answer from Attorneys
Joan Bundy Joan Bundy Law

As they say, you can't get blood from a turnip. If you don't have the money, they can't get the money. I don't know what to tell you. They could garnish your wife's paycheck. Otherwise if they are not willing to wait for you next tax refund then I don't know where they think they will find the assets.

Hang in there, and best of luck!

Read more
Answered on 9/17/09, 12:32 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Arizona