Legal Question in Credit and Debt Law in California
I just recently received Wage Garnishment Papers based upon a credit card that was opened in 2006. The dept has since been sold to another company(cache llc.) which is the one suing. The last activity on the account was in 2008. The original balance in $3900, however now they are seeking $6900. I am currently a student who works part time and lives pay check to pay check. The credit card was originally used by my parents, however, that was a horrible mistrusting mistake and now the debt and credit issues have fallen into my lap. I truly need some assistance and don't know where to start. Please provide any advice that you can. Thank you!
1 Answer from Attorneys
You have several options.
Simplest is a Chapter 7 bankruptcy, which will stop the garnishment and eliminate the debt.
Another possibility is to negotiate a payment arrangement with the creditor.
A third is to fight it. From what you say, it sounds like you didn't get served properly with the lawsuit. If not, you might be able to get the judgment vacated.
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