I Owe Navy Federal Credit Union $17,000. – Garr


“Dear Steve,

I owe Navy Federal Credit Union $17,000 the account is charge off but they are take legal act to garnishment or civil suit i am not sure they take a settlement.


Dear Garr,

The issue here that you need to take some action to intervene here instead of just watching the bus hit you. If the debt has already passed from current, to delinquent, to a lawsuit, and now a garnishment; no acceptable action has been taken by you yet.

Navy Federal Credit Union, like most other credit unions, is willing to talk about a solution to help remedy the situation. They might ask for a payment plan that is more than you can afford. In that case, you could always create a payment plan under a Chapter 13 bankruptcy or discharge the debt in a Chapter 7 bankruptcy. If you went bankrupt it would terminate the judgment and prevent them from garnishing your wages.

To learn more about your options in bankruptcy you should click here to get a free bankruptcy consultation or find a local bankruptcy attorney to meet with.

Garr, the responsible thing to do here is for you to take some action and not let this just roll over you as a wage garnishment.


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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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4 thoughts on “I Owe Navy Federal Credit Union $17,000. – Garr”

  1. I concur. NFCU actually lied to me as well. I was told they were putting payments at the end of my truck loan and that I had 30 days in which I didn’t have to make a payment. I figured that was awesome! Next thing I know, they are looking for my truck and I was forced to do a self turn-in. I went through three managers trying to get it straight. I’ll never do that again – I’ll hide it first. They sold my $20,000 F150 Fx4 truck for $3,000 at auction and then expected me to pay the difference. If it would have been a smaller amount, maybe. If they hadn’t lied, maybe. Being that they lied and tried to screw me, never. It’s been 7 years, it’s almost gone, and my family will never do business with them again.

  2. Navy Federal will NOT do a fucking thing to help you. My solution is to relocate to a state that prohibits wage garnishment. Yes! There are actually a few states that do this. You can lose your house to foreclosure in CA, but the state prohibits the bank from getting a deficiency. Good Luck!!

  3. Most of the time, if you inform Navy Federal of your current situation and you work out a plan with them it helps…as long as you don’t call up demanding things. Just remember, they are people just as well as you are and they experience hardship too. best of wishes.

    • Sorry Erica but thats not all true, I tried several times to work with them, it took me make no payment for a month and a half THEN they seem to want to find ways to help and it still wasn’t all that good of a deal.


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