9 Answers
They can...some are not threats- if you owe money on a car and haven't paid the bills for it they can take it from you legally. Although it takes a few months of not paying some companies can get permission to garnish your wages (take your monthly amt out before you get any money- or take an installment out of what you owe). If you are in the US you can call the company and ask them how they can help you. Or there are free credit services (try consumer credit counsel) who can talk to the company/ies for you to get lower monthly bills...sometimes they can get a portion of what you owe removed. Either way, and if you do nothing, your credit rating may drop (ccc-see above tries to avoid this for you if possible). It has been rough here and companies (for the most part) are willing to work with you.
13 years ago. Rating: 10 | |