Legal Question in Credit and Debt Law in Minnesota

I have an unsecured loan with Household Beneficial in the amount of $11,000 with a huge interest rate of about 23%. This is robbery and I have just recently refused to stop making payments. They refuse to work me to lower the interest, but a credit counseling service is able to negotiate a lower interest rate. Can they legally sue me to garnish my wages? Or am I better off to file bankruptcy?


Asked on 11/11/09, 10:23 am

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

I should review your entire debt picture to advise, but if HH Bene is unsecured, we can usually hammer them down on balance.

Call or email for consultation.

Read more
Answered on 11/16/09, 10:38 am


Related Questions & Answers

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