Yes they can, but there are so many factors that must be in order before they can do that. For example, they must consider the balance of the account, if your bank account is a joint account, the laws of the state which you live, etc. They have procedures to follow.It does happen, but as a general rule, they try to stay away from that because it costs them money for lawyers, etc If you do not pay your credit card balance, the credit card company would first have to sue you and get a money judgment. Laws on collecting judgments vary from state to state, but most states would allow some type of wage garnishment.
Once entered, state law would determine the amount of interest that accrues on the judgment It is highly unlikely they will ever even come after you. Unless you owe quite a considerable amount they will just write it off and sell the debt for pennies to a collection agency. They too will unlikely ever sue you because of the cost it takes to go to court Credit card companies cannot take your house, they can only put a lien on money owed that would be paid if you sell the house and have equity.
As far as garnishing wages and I'm not sure if it's according to state laws, but the state I live in wage garnishment can only be by the Government, IRS or Child Support Agency. You can ask your employer about the laws on wage garnishment.
Some debt collectors, and even credit card companies, will try to bully you into making a payment by threatening to garnish your wages. Can they actually follow through on that threat? Yes, but not until they sue you, win, and have a judge decide to garnish your wages as the method of payment.
If you are served with legal documents about a lawsuit, it's in your best interests to contact an attorney. Don't ignore the lawsuit; that will only hurt you When you don't show up to court, the plaintiff (whoever filed the lawsuit) can have a default judgment entered in his favor. This means you automatically owe whatever the creditor sued you for and the court decides how to get the money from you, e.g. If you receive notice from your employer about your wages being garnished, but were never served with lawsuit papers, you should definitely see a lawyer.
Chances are, the creditor/debt collector didn't do something right and you may be able to get the judgment overturned. You can avoid a lawsuit and garnished wages altogether by paying off debts before they become seriously delinquent. Creditors can sue you whether you owe them $500 or $50,000.
When a creditor sues you and wins, a judgment is entered on your credit report and stays for seven years from the date of filing. What is the Maximum Wage Garnishment Amount? Can My Tips or Commission Be Garnished?
Can I Lose My Job Because of Wage Garnishment? Which States Prohibit Wage Garnishment?
Ul> Yes they can, but there are so many factors that must be in order before they can do that. For example, they must consider the balance of the account, if your bank account is a joint account, the laws of the state which you live, etc. They have procedures to follow. It does happen, but as a general rule, they try to stay away from that because it costs them money for lawyers, etc. If you do not pay your credit card balance, the credit card company would first have to sue you and get a money judgment.
Laws on collecting judgments vary from state to state, but most states would allow some type of wage garnishment. Once entered, state law would determine the amount of interest that accrues on the judgment. It is highly unlikely they will ever even come after you.
Unless you owe quite a considerable amount they will just write it off and sell the debt for pennies to a collection agency. They too will unlikely ever sue you because of the cost it takes to go to court. Credit card companies cannot take your house, they can only put a lien on money owed that would be paid if you sell the house and have equity.
As far as garnishing wages and I'm not sure if it's according to state laws, but the state I live in wage garnishment can only be by the Government, IRS or Child Support Agency. You can ask your employer about the laws on wage garnishment.
Yes they can, but there are so many factors that must be in order before they can do that. For example, they must consider the balance of the account, if your bank account is a joint account, the laws of the state which you live, etc. They have procedures to follow. It does happen, but as a general rule, they try to stay away from that because it costs them money for lawyers, etc. If you do not pay your credit card balance, the credit card company would first have to sue you and get a money judgment.
Laws on collecting judgments vary from state to state, but most states would allow some type of wage garnishment. Once entered, state law would determine the amount of interest that accrues on the judgment. It is highly unlikely they will ever even come after you.
Unless you owe quite a considerable amount they will just write it off and sell the debt for pennies to a collection agency. They too will unlikely ever sue you because of the cost it takes to go to court. Credit card companies cannot take your house, they can only put a lien on money owed that would be paid if you sell the house and have equity.
As far as garnishing wages and I'm not sure if it's according to state laws, but the state I live in wage garnishment can only be by the Government, IRS or Child Support Agency. You can ask your employer about the laws on wage garnishment.
Florida allows wage garnishment. The basics are, income earned by the head of household (single w/dependants or married)is totally exempt. If there are two incomes and joint marital debt the person with the lowest income can be subject to wage garnishment.
No they can't, even if you have bad debts. Florida, called me with some good news. On your bad debt, before you ever see it.
Trying to work out a way to settle past due credit card debts or pay them over time, like my friend. However, if you're providing more than half the support of a dependent, like a child, elderly parent or spouse, you're considered a head of household, which means you're exempt and they can't garnish your wages. If you make less than $750 a week, they can't garnish your wages at all.
If you make more than that, they can still garnish your wages if you gave them permission when you took out the loan. Of course, when you took out a loan or applied for a credit card, you never thought you wouldn't be able to pay it back, so you may not have even noticed that. But now, it's important.
Credit card companies and loan companies also can't garnish things like Social Security benefits, unemployment benefits, disability, that kind of thing, but again, you have to act to defend yourself or they can do it anyway. When my friend called, I thought this sounded worth writing about, so I asked her the details. She wound up with about $11,000 credit card debt that she was trying to pay off, but couldn't.
I'm not a lawyer, so take all this with a grain of salt, but if you live in Florida and a credit card company or their debt collector is threatening to garnish your wages, sounds like it would be worth talking to a lawyer about. Here's the way it works. The credit card can't just call up your employer and demand that your wages be garnished.
They have to sue and get a judgment for the debt, first. You can fight that, but if you lose, the next thing that happens is you'll receive a "Writ of Garnishment" from the court. That's when you need to act.
You can see it online in the Florida statutes. If you get an official notice that starts like that, pay attention, because you've got 20 days to act. My friend was lucky, because she called up a lawyer and he got working on it right away.
She wanted to pay her credit card debts all back over time, if they'd let her, but on her terms, not theirs. You can respond to the notice without a lawyer, but you need to file a "Claim of Exemption and Request for Hearing" with the clerk's office at the courthouse. A blank claim form will be attached to the writ.
It needs to be notarized. You also need to mail or hand-deliver a copy of the claim form to the credit card company or whoever's trying to garnish your wages, and also to your employer. The addresses that you mail it to will be on the writ of garnishment.
Things move even faster then, but that's good. The credit card company has eight days after you mail the Claim of Exemption (or three days if you hand-deliver it) to respond. If they don't respond, you're all set.
The writ of garnishment goes away and none of your pay will be withheld. If they do respond, you'll get another notice, with a time and day that you need to show up for a hearing. You can have a lawyer there with you, if you want, but you aren't required to.
What you'll have to do is prove you meet the head of household exemption, or one of the other exemptions. So be ready with pay stubs, tax forms, cancelled checks, receipts, that kind of thing. And make sure you didn't sign anything in the beginning authorizing them to garnish your wages, because if you make more than $750 a week, you'll lose, based on that alone.
If you're in doubt, it would probably be worth discussing with a lawyer what kind of proof the judge will accept. Then show up for the hearing, give your proof, and hope the judge agrees. If the judge does, the credit card company can't garnish your wages, it's all over, and you're safe.
Except they still have a judgment against you, so you still have to pay the debt. They just can't force it to come out of your wages, so you have some breathing room. Now here's the thing.
If a credit card company threatens to garnish your wages and you live in Florida, you know all this. They'll have to spend the money to get a judgment against you first, then get a writ of garnishment, so all that's going to take at least a few weeks, probably more like a few months, so it's not going to happen right away. But more importantly, you know whether or not you could get an exemption.
If you're pretty sure you could, and they're talking about garnishment before they even have a judgment against you, you could try to write them first, with a copy of whatever proof you'd use to show you're a head of household and meet the exemption. Explain that you plan to file for an exemption, so since they won't be able to garnish your wages, you'd rather work out a settlement or a way to pay the debt over time. It might make them mad, but there's a chance it also might make them want to save the money on lawyers and work with you, if you sound reasonable to negotiate with.
It's a risk, but it might be worth trying. If not, well, you can still stop them from garnishing your wages if you're eligible for the exemption. All this worked out well for my friend, or at least as well as messy divorces and big debts can be, I guess.
But small victories sometimes feel as good as big ones, when you need even a small one. She and her two kids moved to Florida six months ago, where she works at Disneyworld. How cool is that, to have a mom who works at Disneyworld?
Okay, she's not Princess Tiana; she goes to work in a tunnel and cleans up, and I guess the pay is pretty bad. So she's trying to find a job that pays more and work her way out of debt, but in the meantime, she doesn't need to give up a 25% of each paycheck to the credit card company. What if You Can't Pay Your Credit Card?
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Only with a court ruling against you, but you be served court papers before that can happen.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.