@KurtCobain23 wrote:My wages are being garnished by Midland Credit Management for a Credit Card Judgment that they won against me. I was wondering if anyone has ever had any luck negotiating a Volunteer monthly payment plan with these guys after a garnishment as been allowed? Also, are there any Phone numbers that are not on their website that I should have?
The chances they will agree to a voluntary payment plan when they can legally garnish your wages are slim to none. The reason consumers end up in this situation is because they didn't make the payments to start with. You can certainly ask but I would not get your hopes up.
@KurtCobain23 how much is the debt - can you afford to pay it off in full right now? this could help you avoid the whole garnishment if you just pay in full and be done with it
@Bill77 wrote:Bankruptcy may an option if the garnishment is that much of a burden. At the very least, I wouldn't be afraid to throw that word around when trying to negotiate something.
"Throwing the word around" has zero effect on negotiations. Creditors are immune to that threat until you actually file. They hear it thousands of times a week. Look at it this way: to the creditor the consumer is working and has a job. There is money coming in. Dropping the threat of BK means nothing becuase in the creditors minds if the consumer were going to do that they would have done so already. A consult with a BK attorney if there are multiple debts is in order but until they actually file Midland won't even blink.
$3000 is not enough to file BK. Dont want 10 yrs in time out. @KurtCobain23 Need to know what are the terms? Amount and monthly payment plan. Lawyer fees are added also.
