Help With Judgments!
Judgments!
How do they affect you?
What can you do to get rid of them?
How much to they really cost you?
You owe a creditor some money! You can't pay! You just don't have the cash and there is nothing left in your budget. You tell the creditors, but they just want their money! This is how it usually starts out. You have every intention of paying your bills, but you just can't for one reason, or another!
The creditor decides to take its debt collection process a step further, and starts a lawsuit against you. In most cases, there is nothing to defend. You know you owe the money. The bottom line...the creditor gets a judgment against you.
Whether you realize it or not, the judgment against you can be filed with the county, and results in a lien on all real property you have in the County where the judgment is entered. The judgment lien is a lot like having a creditor get an additional mortgage against your property. And worse, assuming there is some value in your real property above the mortgages, the creditor may well be able to put your real property up for sale at public auction. This would be a tough way to lose your home.
I have actually seen credit card debts cause foreclosure on homes!
To make things worse, the judgment gets bigger and bigger because the creditor has a right to interest as long as the judgment is left unpaid.
Then....adding insult to injury....the creditor can also come after other things you own, like your car, household goods, money in the bank, tools, equipment, etc. Garnishments on your paycheck, and they can wipe out your bank account, causing any checks you have out to bounce, and then the bad check charges and late fees, and on and on.
It just gets worse and worse. For example: The Creditor is awarded the judgment for whatever amount of money is owed, plus...in many cases...attorney fees and cost costs. Lets say it's $2,000.00 as an example. What does this mean? First it means that the Creditor can take the money out of your checking account, if he can find your bank account. It could work like this: You have just put your paycheck in your checking account. It was $800.00 and let's say the creditor knows where you bank and has already requested that the bank collect any money that gets deposited into your accounts. In this example, it would be $2,000. The $800 would be gone! If you have any money in a savings account, it will also be gone.
It's embarrassing! It's also something that can be taken care of using Federal Bankruptcy Laws! You can stop these negative effects of judgments fast! Using Chapter 13 you can pay it over up to 60 months in most cases. So! Over 60 months, your payment on this debt could be less than $10 per week. And that assumes you have to pay it at all. Many judgments...especially with respect to unsecured debts...never have to be paid back in full. It just depends on the facts of your particular situation.
Everything you think is hopeless probably has a solution....if you ask the right person!
The Law Offices of West & Associates can give you straight answers to tough questions. They can also start the process to take that monkey off your back on the first visit!
Make the call now!
Call for a FREE Confidential Visit
Stop getting pushed around, feeling angry and losing sleep!
Take some positive action now!
You'll feel better! We guarantee it!