“Dear Steve,
We got scammed and now we are in deep trouble with debt. We used a company that promised to help us eliminate our debt. We paid them double digit thousands of dollars for their help and now they do not exist. They told us to stop paying out debt and gave us tips on going to court. We have been sued by one credit company and they won and got lawyer fees also. Now we have 5 other companies we owe total little over 100,000 not including student loan and car loans. We are not worried about our credit because it is already shot we just want to be able to start paying without wage garnishing?
What should be our steps in order to start paying these companies since we got scammed so badly? Is there a way to stop having wages garnished?
Sdmom”
The Answer:
Dear Sdmom,
You can stop the garnishment and suits with bankruptcy. You really need to go talk to a local bankruptcy attorney. Bankruptcy will offer you protection and as you said your credit is already shot so bankruptcy will be a route up and out of the current mess.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.