Legal Question in Credit and Debt Law in Tennessee
I have a large amount of credit card debt - I've never missed a payment until recently started getting behind by about a week or so - at this time I'm not able to pay the minimum due on each card, my question is, if I am paying a $100 or more if I'm able to on each of the cards, can I be sued and/or have my wages garnished? I'm not trying to default on any of these accounts ...just having some trouble meedting the required minimum payment s at this time. Thanks for your advice!
1 Answer from Attorneys
You can be sued if you are not paying the minimum required payment by the payment date. If you are sued and the credit card company obtains a judgment, which is a court pronouncement that you owe the credit card company, your salary/income would be subject to garnishment. Also, any property you own ourtight such as a car for which you have no car payment, could be levied upon (taken by court order and sold).
I would suggest that you contact the credit card companies with which your are having problems and try to negotiate a payment schedule. Most companies will work with a person who is having problems.
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