I was discharged from the military in 2008 and I had a balance of 5,000 on my Military Star Card. I asked to stop the interest from accumulating and now they are garnishing my Social Security while still taking out for interest.
Is there anything I can do to at least tell them to stop adding interest while I try to pay off the balance? I have talked to my other creditors and settled with them, but I am having such a hard time with Military Star.
It’s like I am only paying the interest and not the balance. Any help would be great 🙂
Unfortunately the Military Star credit card which is issued through the military exchange services is considered to be a government debt and is one of the few debts that can garnish your social security benefits.
Military Star is historically difficult to deal with with either a debt settlement or debt repayment plan approach.
If you want to stop the garnishment then you might just have to look at bankruptcy. You can click here to find a local bankruptcy attorney and go talk with them about your specific situation.
Please post your responses and follow-up messages to me on this in the comments section below.