Sometimes our desire to save money makes us do costly things – like fall for the latest finance scam.

It seems that a growing number of customers are paying telemarketers big bucks to lower the interest rate on their credit card. In exchange for the money, the telemarketers – who usually claim to be from “credit card services” or something similar – offer to lobby the consumer’s credit card issuer for a ridiculously low rate. Whether they actually do or not isn’t certain, say Chicago bankruptcy attorneys. What is for sure, however, is that they’re taking, on average, $600 or more from consumers already having difficulty paying credit card bills and a mortgage.

It’s easy to understand why so many people desperately want a lower interest rate.

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The answer is yes and no.  Yes, a creditor can garnish your paycheck but only after they have gone through the necessary legal steps to do so. 

Here is the process a creditor must go through to garnish your wages.  First, the creditor must file a lawsuit against you.  You then have to be served with the lawsuit and you will at that time be able to defend yourself.  If you lose, either after you defend yourself or just don’t file an answer, the creditor will ask the Court and receive a judgment against you.  After the creditor has received the judgment he can petition the Court for a writ of garnishment of your paycheck. The Court generally signs this writ (another word for an Order) when the creditor files it. The Wri

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Many of you remember the story of Enron. In the late 1990s, Enron was riding high accepting praise from entities like Fortune magazine which named Enron as America’s Most Innovative Company for every year between 1996 through 2001. They said it was one of the 100 Best Companies to Work for in America in 2000. All true, Enron had long been receiving accolades for its work ethics, management, and all-encompassing pension plans. With the perceived large earnings, it looked to be one of America’s top companies, but along came the scandals that shook our nation.

In August of 2000, Enron’s stock had skyrocketed to $90 per share. Littl

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