I have just started the mod process and up until June have been current on everything. But work has slowed and I have made a decision not to pay any credit cards. As much as this makes me crazy I need to focus on Mortgage, Maintenance(co-op) and a small business loan.
Just curious if any of you have gone through the wage garnishment process. I have called these CC companies and all say sorry, can't help you so I really have no choice. I intend to pay them, but the reality is telephone,Con ed, Med insurance, etc all come first.
So, if anyone has gone throuugh this does it take months or a year befor a judgemant. Just would like to be prepared.
Very stressed. I can deal with the letters and creditors calling, but don't want a suprise in just a month that they will take money right from my account. And when you fall way behind are they then interested in lowering the interest or amount?
Any response appreciated.