I have a Discover card that is in default with a $11,500 balance. I’m a 63yo who is working part time and collecting partial S.S. as well.
I only work 15 hours a week so my take home is less then $200 a week. I called Discover and made a cash offer to them to settle the debt same day wiring them the funds via Western Union of $8,000 cash. They responded they wouldn’t settle and was was going to garnish my pay. Now they take $32 a week out of my paycheck. It is going to take them 7 years to recover the funds.
If I stop working at age of 65 and collect Social Security, can they go after that and my 401K ?
This reader question was submitted for site members to answer.
This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.
If you have a credit or debt question you’d like to ask just use the online form.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
- What Will Happen to My Unmanageable Private Student Loans? - June 24, 2022
- Kiss Your Ex-Spousal Consolidation Loan Goodbye - June 24, 2022
- I Owe Debt in America But Live Overseas Now. How Can I File Bankruptcy in the US? - June 23, 2022