How do you know so much about legally not paying credit cards without going bank

  1. profile image43
    phililposted 8 years ago

    How do you know so much about legally not paying credit cards without going bankrupt. R U an att'y?

    I fear having a judgment or lien or even a lawsuit against us being instituted.  My attorney told me something about not going bankrupt because they cannot do anything about unsecured debt except harass you.  Is that true???

  2. magnoliazz profile image60
    magnoliazzposted 8 years ago

    I am not an attorney, and I think your attorney could be right! When it comes to unsecured debt, there is not too much that they can do, especially if you have very little income. However, in some cases they will garnish your wages.

    Credit cards are unsecured debt. If you owe a lot they might try to come after you, but then again, only if it is worth their time. No one can take away more than 25% of your wages, combined! That means if you owe many creditors a lot of money, they are just going to forget about you, because they would have to go through too much to get a piece of that 25 % pie. Say if you have 10 creditors and they all garnish your wages, they would each get only 2.5 % of your wages each. For many, that is not enough and they just write it off, they have insurance for this kind of thing like AIG! So, don't feel sorry for these crooks, you have probably already paid them many times over what you owe them, you are probably trying to pay back the 30 per cent interest rate.

    If you are living on disability income, they can't touch ANY of that money by law so you are pretty much home free.

  3. Midasfx profile image61
    Midasfxposted 8 years ago

    i am not an attorney. I worked for a debt settlement law firm. unsecured debt means nothing. they cant do anything beside close your cards, give it to collections, and destroy your credit score and any chance of getting another credit card or loan in the near future.
    no one can force unsecured debt to be paid. only secured debt can they go after you. like a house, car or something of that sort.
    Many of the clients we assisted, we actually would have the lenders drop the entire amounts owed. Unsecured debts, there are some tricky laws about giving your information to 3rd parties. Most lenders break that law in some way shape or form, and my firm was able to use it against them. I no longer work for them as they paid crap and now work in a different field. So take my advice if you want. but good luck to you

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)