Dealing with Debt

questions & answers

Question: I have 13000 in credit card debt. I'm living on my social security which is 1281.00 a month. My rent is 560.00 amonth. I can't make payments on this debt. Can you tell me what I can do. What would happen if I just don't pay it

Answer:

While Social Security cannot be garnished for credit card debt, ignoring these and other debts can result in for example, degrading your Credit Report, and continuous efforts by credit card companies to collect the debts.  However, creditor conduct is controlled by the Fair Debt Collection Practices Act (FDCPA).  For more information about Debt Collection practices, generally, see http://azlawhelp.org/articles_info.cfm?mc=4&sc=29&articleid=59. 

Also see “Dealing With Debt” article http://www.lawforseniors.org/articles_info.cfm?sc=80&mc=8&articleid=120

When debts cannot be paid, Bankruptcy is another common choice, although this has repercussions, including affecting your Credit Report, which can affect future transactions. Much legal advice is available on this subject throughout the internet. You may wish to begin with this article http://azlawhelp.org/articles_info.cfm?sc=25&mc=4&articleid=186

QUESTIONS

  • I have 13000 in credit card debt. I'm living on my social security which is 1281.00 a month. My rent is 560.00 amonth. I can't make payments on this debt. Can you tell me what I can do. What would happen if I just don't pay it

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  • State Bar of Arizona
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    Referral number 602-257-4434
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    www.pimacountybar.org
    Referral number 520-623-4625
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