Remove Credit Unions Remove Debt collector Remove Debt Management Remove Garnishment
article thumbnail

An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It

Debt RR

This unpaid debt can lead to a serious problem for businesses: garnishment. Bank account garnishment can create serious cash flow blocks for companies of all sizes, and those cash flow problems can compound into other issues, like payroll concerns and late payments on other accounts.

article thumbnail

How to Pay Collections

Credit Corp

Negotiate a Settlement or Create a Debt Payment Plan. When you can’t afford to pay a balance in full, don’t be afraid to negotiate with a debt collector to reduce the amount you must repay. Creating a Debt Management Plan. Negotiating Medical Debt. Use that during negotiations with creditors.

article thumbnail

4 Reasons NOT to Get a Payday Loan

Debt Guru

As the fees pile up and the interest compounds, you might face a debt collector or even a civil lawsuit. The resulting court judgment remains public for seven years, and a successful lawsuit can lead to garnishment of your wages or even seizure of your assets. They may even call your personal references.

Loans 98