How to Escape From Your Debts

Many people get into such great debt that they do not know where to turn or how to get out of it. All they wish that they could do is run away from their debts and debt collectors. They find if they try to escape their debts, they will be pursued by debt collectors. Wages get garnished, liens are placed on property, and the debt will never leave.

The thing that many do not understand is that it is possible to truly escape your debts almost completely, without any fear of debt collectors coming after your wages to garnish them or your property.

I will show you how to legally escape your debt without worrying about your wages being garnished or property getting a lien or seized.

Things You'll Need

• The ability to move out of your state.
• The ability to write letters to debt collectors

Instructions

1. You must move to a debt "friendly" state. Debt friendly means that the states do not allow wage garnishment, or liens to be placed on your property or homestead (your house). The following states are all debt friendly.

   North Carolina
   South Carolina
   Pennsylvania
   Texas

   Of course this means you will have to change your location and most likely job.

2. Once you are in a new state, write to your debt collectors or creditors that you want proof that they are licensed to practice in your state, or have met any bond requirements of your state to practice. You can find out if they are licensed by calling your secretary of state's office. Often the secretary of state has the information on their web site.

   If the debt collector is not licensed or does not have a bond, DEMAND them remove your negative information off your credit and also cease any form of contact with you.

3. If the debt collector is licensed or has a bond in the new state in which you live, the most they can do to you is take you to court. If they win a law suit, the worst they can do is get your bank account. However, the old joke in debt "friendly" states is "What fool would leave money in their bank account?" so this rarely happens.

4. Remember, debts such as child support and criminal restitution may be different in these states. This article applies to consumer debts such as credit cards, mortgages, car payments, and loans.