Latest Posts


My Bank Account Was Frozen Because of a Debt Buyer Lawsuit. What Should I Do? – Charles

closeup of a gavel on cash, from above

“Dear Steve, In 2012 I had my bank account froze recived a letter saying I was sued in 2008 for a debt,I had know idea about being sued it seems its a third party debt buyer I have know idea what the debt is from have not had any credit cards opened since 2002 Is there a way I can ... Read More »

    Can I Get a Lien Against My Truck So I Can Settle My Debt? – Gary

    closeup of a gavel on cash, from above

    “Dear Steve, I have a judgement that was granted against me in 2009 for a credit card ($7000.) at that time all of my assets were tied up in payments ( no real estate ) I had bought a truck for my business; had to use personal credit so the truck is still in my name instead of the LLC. ... Read More »

      Can Creditors and My Ex-Wife Seize My Debt Settlement Escrow Account? – Gary

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      “Dear Steve, I owe $200,000 in unsecured credit card debt. My mortgage is 40% underwater (interest only nothing down), I am 66 and have Social Security and a small pension ($1,800 per mo.) I am working on starting a small business for which i have accumulated considerable additional debt. I do believe it will work and i will make a ... Read More »

        My Pay is Being Garnished for My Ex-Husbands Debt I Went Along With. – Alisha

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        “Dear Steve, In 2006 before my ex-husband and I were married, we obtained a personal loan as joint in the amount of $6,000.00. This loan was initially for him and he made the payments, but I agreed to use my vehicle as collateral. My ex-husband stopped making the payments and as a result my car was repossed and auctioned off ... Read More »

          Capital One Sued Me And Got a Judgment After the Case Was Dismissed. – Linda

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          “Dear Steve, Capital One wrote off their debt, turned over to a Collection Agency who has now sent to an attorney,,,they got judgment against me and I motioned to have that set aside which was denied,,now at Appeals process. Also the plaintiff’s counsel motioned against my motion. When reviewing court records, I found that the judgment was entered after the ... Read More »

            Sallie Mae is Threatening to Garnish My SSDI Income. – Trudy

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            “Dear Steve, A few years ago I co-signed two private student loans for my son through Sallie Mae. I am disabled and receiving SSDI. My son has now defaulted on the loans and Sallie Mae is demanding payment from me. The loan is now with a collector who is threatening judgement. I live in the state of Hawaii. My son ... Read More »

              Can My Creditors Take My Daughters Money From the Bank Account I Started for Her? – Beth

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              Divorce, Loss of Custody, Bankruptcy, lots of bad decisions, job loss — you name it. I lost my job 2 years ago and racked up a fair amount of debt. I also gained back custody of my oldest the year before she started college (still think it’s a plot by my ex) and thankfully, with my financial situation and her ... Read More »

                I am disabiled am I judgement proof – Jeff

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                Hi I have worked every day of my life I am 48 every thing was going great till one day at work I fell 20 foot and messed up my low back I had been paying my credit cars on time and extra but when the accident happened I had surgery and I ended up in bad shape.I am totally ... Read More »

                  Now That I’m on Social Security Disability Can I Stop Paying My Judgment? – Wendy

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                  “Dear Steve, Have been paying monthly credit card judgment for couple of years now, even though on long-term disability from work for most of that time. Recently, I was awarded Social Security Disability. My question is: Am I judgment proof now and can stop paying this credit card debt? Every penny is going to count. And if so, can I ... Read More »

                    Where Do I Put My Judgment in Line For My Debt Snowball? – Bret

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                    In 2006 ,I went to work for a guy that wound up being a con artistTo make a long story short at the beginning of 2007,Ilooked up and found myself with $230 K in debt and no income.everything in 2007 went wrong and it wasnt until 2008 that I began reestablishing an income. I have since paid off all installment ... Read More »

                      I Have a Lot of Credit Card Debt, a Repossession and a Judgment. – Eric

                      “Dear Mitch, I have a lot of old credit card debt. Recently I had a repossession go to judgment in which I received a letter in the mail. I contacted the law firm but was not left felling comfortable.. They answered the phone by just saying “law office” , the person I spoke to seemed completely uniformed of anything. I ... Read More »

                        I Have an Old Judgment Against Me That Has Come Back Up. – James

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                        “Dear Steve, I have a judgement against me from a credit card . I had considered bankruptcy at the time but never did. One credit company sued me and won a default judgement. For 10 years nothing happened, then it was bought by junk debt buyers and they renewed it. I live in Texas and it can be renewed . ... Read More »

                          What Does Judgment Proof Mean?

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                          Q: What does it mean to be judgement proof, and how do I know if I am? Thank you. – Betty Reply from Great question Betty! Being judgment proof essentially means that you don’t own any property that could be seized or attached by creditors. If you were sued, the creditor or collector might successfully get a judgment against ... Read More »

                            My 95 Year old Mother is Struggling to Pay Her Credit Cards. – Jeanne

                            “Dear Damon, This is regarding my 95 year old (soon to be 96) about her massive credit card bill. Her only income is Social Security at about $1400 per month. She has many other bills and pays everything on time, but this leaves her with only about $200 left over per month. She does not own a home, has no ... Read More »

                              Discover Card Took My Car to Pay a Judgment Against Me. – Betty

                              “Dear Damon, I divorced in 3/1997. my ex was given our money from 401K to pay off credit card debts, the break down came from his attorney. 1998 he filed for bankruptcy and didn’t pay the credit card bills. 9/4/11 my car was seized for these past due debts, but they sent paperwork notifying me of this to an address ... Read More »

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