by athomemom » Thu Aug 28, 2008 09:26:02 AM
I hoping someone could give me some advice. Here is my situation :
I got credit card line that start small than they increased it 10 times. First I almost didn’t use it a lot, then my husband got into trouble, he filed income tax that in result we got tax return for $4000, we was stupid, we spent that money buying things and traveling, no saving, then a year later it, a letter from Canada revenue came said that my husband made a mistake when filed the tax and demand the money back plus interest which total to be $5500. They demanded to pay in one time, my husband took the money from my credit card, then a lot of thing happened, our car broke down, my parent sick and the bill piled up to $12.000.
I’m a stay at home mother of 2 toddlers. We cannot keep up paying all the bills, rent and the credit cards, my husband has 3 other credit cards that he still has to pay (and still paying until right now).
But the one I has ($12.000 bill), we can’t pay it, the interest itself more than we can pay. So we stop paying around February 2008 and the collection agency on May 2008 start sending me letters and calling me. Then we moved, it was stopping for a while until they found our new phone no. last week and keep leaving messages.
We totally broke, we can barely pay our rent for next month, we live in overdraft bank account (always minus), my husband has 3 other credit card to pay and $5000 debt from a friend.
My questions is :
1. What should I do ? should I receive the call and talk to them ?
2. How long they will wait until they sue me ?
3. Can they sue my husband too? (he use to have the supplement card then I canceled it when the card reached the limit)
4. Until this day, I didn't received any letter from them at my new address, if they sue me, will I know that ?
5. I do not have any property or asset that valuable to seize, I’m not even working. If I got a judgment, can they garnish my husband salary ?
I'm really desperate looking for answer, please anybody can help me ?
Athomemom