Does Pennsylvania allow credit card judgements to garnish your wages?
Answers: No, 100% of your wages are exempt from garnishment in Pennsylvania. However, a creditor can garnish your bank accounts and put liens on your property, but they can only do so after first taking you to civil court and winning a judgment against you.
The Statute of Limitation for collecting on credit card accounts (open accounts) is 4 years in Pennsylvania. After the collecting SOL has expired, you no longer have a legal obligation to pay. If you should get sued after SOL, use it as an affirmative defense and the lawsuit should be dropped.
A collection agency also needs to "validate" a debt before they can legally collect. Send them a "Debt Validation Letter". Make them verify that they own the debt and that they have a legal right to collect from you (signed agreement with the original creditor). Send the letter via certified mail and keep copies for you records. Also, include a paragraph stating that they can only contact you by US mail after the debt has been validated. And then only to an address that you specify.
Check the link below for the laws on collections in PA,
http://www.bcsalliance.com/bankruptcy_st...
Hope this helps.
Yes. But you can avoid the garnishment if you make your payments to them on time.
I wanna get a reloadable prepaid master card .can only those who have used one before recommend me to one.www
Answers: I did a lot of research on prepaid cards when I went on vacation (kinda like travelers checks) I found a card called wired plastic where I just gave them my name and address (no personal information) and they sent it to me in approximately 5 days. Only cost me $1.00 to load the card and insured my money
https://secure1.galileoprocessing.com/ac...
Why get a prepaid MC? Use cash instead, it's cheaper.
What is the best way to pay off a credit card with out being raped with interest.?
Answers: Pay off with cash, period. You'll never get anywhere making the monthly minimum payment.
as much as you can, as often as you can. no point in keeping savings at 1 % when you have debt at 18 % but it is ok to save and then periodically put a portion back to debt.
.I put all i can to visa exept for 100 per pay and then when i get to 800 i put 500 to visa so i always have emrgency cash but not a bunch
like the guy above said pay it as soon as possible and if you have to carry a balance pay 3 or 4 times the minimum pmt at least.
You have a few options:
1) If you have a line of credit with the bank you can use it to pay the credit card debt since the interest is usually less than 10% compared to the 19% or more the card companies charge.
2) You can also get a "new" credit card using one of those offers where if you transfer your balance the first six months interest is really low (sometimes less than 5%)
Then make payments as often as you can. ie) if you are going to be able to pay $400 per month toward the debt than pay $100 per week rather than waiting until the end of the month to put the $400 on it (daily interest adds up pretty quick so every day counts).
Lastly, when you look at your credit card debt each month include ALL your credit in the calculations. Don't use your lower interest rates as an excuse to run up more bills.
Hope this helps.
PS. what kind of card does Tanod_2 have? 55 days interest free is way better than my 21 days of no interest.
The best way to pay off a credit card is to write a check for the full amount owed and send it. To avoid interest, simply do not charge more than you can pay in full each month. To maintain a good credit rating, do not charge more than about 30 percent of the credit limit.
If you can't pay the balance in full, stop using the card and pay off as much as possible as quickly as possible. If you can pay off the card by borrowing the money at a lower rate than on the card, do it and pay off that loan as quickly as possible.
Finally, the trick is not to get into credit card debt in the first place. It is the worst kind of debt you can have, and credit card companies love to have you as a victim.
I swear. Most of these answers are just giving you snarky comments about spending more wisely and ignoring your question.
Dc87 is the only correct answer which I'll state again in case you missed it. If you have the credit-worthiness, the BEST way is to apply for a new card and transfer the balance to get the no-interest period that so many cards offer.
This way you pay NO interest for as long as you can keep doing this, but make sure to attack those payments as well. Whoever said F*dge the savings was right. If you're carrying a balance on ANY credit card, it's finanical suicide to have money in savings compared to paying off your debts.
For the future, you might consider a credit-free lifestyle which I recently got tuned into from a book I read (link below). In the book the Author talks about how to get completely out of debt and stay out of debt forever.
Your payment first goes towards the monthly interest and then the principal. So, if you're paying only the interest, the principal will stay the same. You must pay more than the minimum to reduce your balance.