Spikespeaks
New Member
My jurisdiction is: Colorado, Douglas County
I have a plethora of questions and through online research haven't really gotten any answers that put me at ease.
A very nasty law firm received a summary judgement against me for an old credit card debt that was in the $9,000 when I lost my ability to pay it. They have now tacked on an additional $9,000 in interest and lawyer fees. I called when I received a notice to appear in court on May 6, 2009 which requires that I provide them all kinds of financial information for the past 3 years. I called and was told by some flunky that they would be willing to settle with me for under $12,000 if I could find a way to pay the debt off within two months and that the $9/day interest would then cease. I told them that I could make payments of $1,000/month they scoffed at that, I realize the interest monthly is approximately $300, so I would be making a dent in the debt and would have it paid off in the course of approximately 2 years.
This person told me to speak with my husband and see if we could come up with the settlement money and then call him back within a day or two. I called back and said I would try to borrow the money in order to pay him off when he informed me that they were just going to start garnishment proceedings and garnish my wages. It seemed as if they were just being as spiteful as possible. He also said if I didn't show up in court there would be a warrant issued for my arrest and I'd go to jail.
They have apparently been able to place a lien on my home although this was unsecured debt, the debt is well over 3 years in arrears and it's my understanding (I'm an accountant not a lawyer) that if it's that old they cannot legally collect it in Colorado, is this true?
I'm finally in a job where I am making decent money and although I have read the rules for Colorado which I understand follows the federal statutes, I am confused about just how much they can take. Do medical insurance premiums and cafeteria plans qualify as items that are legally required to be withheld?
We nearly lost our house to foreclosure 3 years ago and have worked really hard to try to get out of the mess of the "American Dream", can they try to take money out of my joint checking account thus making it impossible to pay my mortgage? If they garnish my wages do they have a legal right to also garnish my bank accounts?
I'm scared to death and so embarrassed that I might have my wages garnished can they just refuse to let me make payments? Is that legal?
I was hoping to refinance our home now that the interest rates are better but have been warned that if I do that they could try to get a piece of the house is this true?
Should I contact the credit card company and try to make arrangements with them? I ironically bank with them.
What can I do legally about the harrassing phone calls, they have me on an auto dialer which I requested they take me off of and right after the request I got another call from them and saved the message?
Any advice would be greatly appreciated, I'm a nervouse wreck right now and my basement is flooded.
Someone please help!
I have a plethora of questions and through online research haven't really gotten any answers that put me at ease.
A very nasty law firm received a summary judgement against me for an old credit card debt that was in the $9,000 when I lost my ability to pay it. They have now tacked on an additional $9,000 in interest and lawyer fees. I called when I received a notice to appear in court on May 6, 2009 which requires that I provide them all kinds of financial information for the past 3 years. I called and was told by some flunky that they would be willing to settle with me for under $12,000 if I could find a way to pay the debt off within two months and that the $9/day interest would then cease. I told them that I could make payments of $1,000/month they scoffed at that, I realize the interest monthly is approximately $300, so I would be making a dent in the debt and would have it paid off in the course of approximately 2 years.
This person told me to speak with my husband and see if we could come up with the settlement money and then call him back within a day or two. I called back and said I would try to borrow the money in order to pay him off when he informed me that they were just going to start garnishment proceedings and garnish my wages. It seemed as if they were just being as spiteful as possible. He also said if I didn't show up in court there would be a warrant issued for my arrest and I'd go to jail.
They have apparently been able to place a lien on my home although this was unsecured debt, the debt is well over 3 years in arrears and it's my understanding (I'm an accountant not a lawyer) that if it's that old they cannot legally collect it in Colorado, is this true?
I'm finally in a job where I am making decent money and although I have read the rules for Colorado which I understand follows the federal statutes, I am confused about just how much they can take. Do medical insurance premiums and cafeteria plans qualify as items that are legally required to be withheld?
We nearly lost our house to foreclosure 3 years ago and have worked really hard to try to get out of the mess of the "American Dream", can they try to take money out of my joint checking account thus making it impossible to pay my mortgage? If they garnish my wages do they have a legal right to also garnish my bank accounts?
I'm scared to death and so embarrassed that I might have my wages garnished can they just refuse to let me make payments? Is that legal?
I was hoping to refinance our home now that the interest rates are better but have been warned that if I do that they could try to get a piece of the house is this true?
Should I contact the credit card company and try to make arrangements with them? I ironically bank with them.
What can I do legally about the harrassing phone calls, they have me on an auto dialer which I requested they take me off of and right after the request I got another call from them and saved the message?
Any advice would be greatly appreciated, I'm a nervouse wreck right now and my basement is flooded.
Someone please help!