I live in Minnesota and have cc and personal loan debt and living on ssdi with no assets I'm not late with any payments yet. I planned to stop paying altogether this month.A FRIEND SUGGESTED I PAY EACH $5.00 my question is what would they do? would it keep collections and possible judgements at bay??
Re: Re: Help Anyone! Just to clarify, your check is exempt from garnishment. However, creditors may still get a judgement against you, and 25% of savings you may have can be taken if you file bankruptcy and SSDI has been mixed with other funds. 75% should still be protected under exemptions.
Re: Re: Re: Help Anyone! Sure, I assumed when she said no assets, she meant no savings. But you're right Lilly.
Re: Re: Re: Re: Help Anyone! It's confusing with two separate threads going, but she mentioned savings in this thread. http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=404166#post404166
