Minnesota  |  Credit and Debt Law

question bubble
11/11/09, 10:23 am

Legal Question

I have an unsecured loan with Household Beneficial in the amount of $11,000 with a huge interest rate of about 23%. This is robbery and I have just recently refused to stop making payments. They refuse to work me to lower the interest, but a credit counseling service is able to negotiate a lower interest rate. Can they legally sue me to garnish my wages? Or am I better off to file bankruptcy?


Search Past Answers:
  Advanced Search

Related Questions and Answers

► If I signed up for a van with my ex-fiance and he took the van when he up and left...

► I recently became aware that my ex-husband forged my name on a check that was issued...

► Both spouses names are on our original purchase agreement for our home in which we...

► My mother die a few months ago and left a mortgage on her house. I'm I responsible...

► If a business is in jepardy of closing down due to financial debt and lack of...

► I co-signed a loan for a car and both our names are on the title. The other person...

► During my daughters marriage her husband had no credit so he asked her to get a John...

More Credit, Debt and Collections Law questions and answers in Minnesota
Bill of Sale Living Will
Contracts Notices
Divorce Power of Attorney
Show More
Search

View Complete List ▼

Top Areas of Law

Administrative Law Family Law
Bankruptcy Law Family Medical Leave...
Child Custody Health Care Law
Collections Law Immigration Law
Criminal Law Insurance Law
Discrimination Law Labor Law
Divorce Law Landlord/Tenants
Drunk Driving Law Legal Ethics
Employment Law Legal Malpractice
Medical Malpractice Personal Injury Law
Probate Law Real Estate Law
Sexual Harassment Tech Law
Traffic Law Wills Law
Workers' Compensation