Short story....my husband lost his job, and all our debts including credit cards we were maintaining before he got laid off, went to debt collectors. I got a call today and apparently I'm being charged $2.45/day for interest on a credit card debt ($4,500). Is this even legal?
Both my husband and I have tried, are trying and will continue to try to get jobs that will pay more than just our basic need, but right now all we can afford is electrity (parents own the rental we're living in and aren't making us pay).
Does anyone know where I can look up laws about what debts can be charged interest and what debts can't? Or debt laws in general? I'm super frustrated. I know this is our responsibility and we've tried to contribute to our debts whenever possible, but it's never good enough for them.
Also, they are trying to solicit information out of individuals that babysit for us and other sources. Is this even legal to do? I'm very frustrated! They asked if we recieved a tax return....all of that info? legal?
Has anyone ever gone through this? Please I need advice and resources!
Asked by Anonymous at 1:46 PM on Feb. 24, 2011 in Money & Work
Answer by xxlilmomma09 at 1:58 PM on Feb. 24, 2011
Answer by xxlilmomma09 at 2:01 PM on Feb. 24, 2011
Answer by gdiamante at 2:01 PM on Feb. 24, 2011
Answer by Erica_Smerica at 11:36 PM on Feb. 24, 2011
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