
Quoting
ghalibiat
I have a huge credit card debt. I have not being able to make any payment on my accounts since last 6 months. I was contacted by the credit card company and they said that the debt has been declared as 'bad debt' and would now go to a third part for collections.
I have following questions.
1. How long will it take for collectors to go to court? I understand that it depends on them but based on your experience, usually when they make such a decision?
2. I don't have any assets. I have an old Car worth at most 2000 dollars. Can they take my car? (My total debt is too high compared to my car's value)
3. My take home salary is 1350 dollars and my family is 4 people. Can they garnish this pay? Or there is a minimum salary limit below which they can't garnish the pay?
4. I am in fact an Internation Student at F1 Status. Will my student status and immigration status be affected by this collection activity?
5. Will my future employment or immigration will be affected by my bad credit?
Please advise. I don't want to declare bankruptcy, atleast not right now.
All I need is around 6-8 months to graduate. Do I have that much time?