 I got credit issues what to do!? |
| Ok Im 25 now, in the past when I was in high school, I got 3 credit cards and maxed out, Since about 03 I havent paied on any of them, now they are charged off. I tried the whole CCC thing but it was ... |
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 What is the most sensible way to get rid of credit card debt? |
| I have about 5k on credit cards right now and they all have high interest fees. I was told if I paid them off in full it would damage my credit rating. What is the best way to bring down the amount ... |
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 My husband just found out that his father has ruined his credit, $214,000.00 worth! What can be done? |
| he found out he has a house in his name, businesses, cars, utilities, starting when he was 10 years old!!!... |
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 If I elect to pay a credit card balance in full via direct debit...? |
Will I be charged interest on the days inbetween the payment being sent & the card company receaving it?
Thanks.... |
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 Incease in credit score? |
| My current credit score is 650. If I pay my bills on time for 2 months, do not apply for ant new card or loans, use only 25% of available credit, will it increase to 700 by the end of december?... |
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 I just got a CREDITCARD offer in the mail today with a 5,000 credit limit but i never ever had a credit card? |
| and my dad has several and he always told me to never get one because it will be diaster but i really need to pay my bills and my job sucks. Im a nurse aide so should i keep the credit card?????... |
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 Husband has done a runner and left me to deal with his debt? |
| My husband has done a runner to canada recently because he owes a huge amount of money in the UK. He has dual nationaility and his parents are over there so he has gone to live with them and get a ... |
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 Why do companies do credit checks before hiring someone? |
| I don't understand this. What purpose does it serve? You're trying to get a good job to build your credit back up. You;re applying for a job, not a bank loan. As long as you are otherwise ... |
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Lisa A | Is it legal for a cfedit card co to garnish my check for 25% of my pay every pay period? |
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Sgt Big Red
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Yes it is, but that is the Federal Limit. Some states vary in the amount that can be garnished while others follow federal guidelines.
First thing first is look up your states laws at this web site
http://www.bcsalliance.com/y_debt_statelaws_garnishments.html
Federal guidelines allows for 25% garnishment of disposable income (not gross or net income). So make sure if this happens (or is going on right now) that the amount being deducted is the correct amount.
Some states even exempt wages from garnishment such as
North Carolina, Pennsylvania, South Carolina and Texas except for debts related to taxes, child support, federally guaranteed student loans, and court-ordered fines or restitution for a crime the debtor committed. Several other states observe maximum thresholds that are lower than the 25 percent maximum provided by federal law. States may also prohibit garnishment altogether in certain circumstances. For example, in Florida the wages of a person who provides more than half the support for a child or other dependent are exempt from garnishment altogether (though this exemption is subject to waiver).
Hope this answers your question |
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madkins007
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Usually they have to go to court to do this, but it is something the court would approve.
If this is what happened, you would have been notified of the court date and given a chance to fight it. Sadly, a lot of people ignore the summons and lose the fight by default. |
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rpf5
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Credit card companies do not garnish checks, only a court can do that. If your check is being garnished then it was on approval by a court order, and yes, it can be as high as 25%, some states permit even higher ratio's. |
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roro
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Yes. Happened to my co-worker. As I recall, the company had to get our supervisor to fill out the information, but in short, yes, it happens. |
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DaMan
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Yes, very legal.
That's why it is very important for you to respond and address the deliquencies notices before it ever escalates to this level.
You want to resolve the matter before the courts decide how you will make the lender whole. |
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Marc
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i am adding to her question what could be done before to prevent this ...is to appear in court and fight it? how would she fight it plz some one i am in the same situation but no court yet |
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☼~Setha...~☼
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Yep it sure is--at least, it is in WI. Any business, loan agency, or credit card agency can garnish your check up to 75%, as long as they had a hearing and the judge granted them to do so. My advice is to go along with it (make sure it is legit) and when it is done beging garnished, REQUEST from the business and the court that it has been SATISFIED so that it is then removed from your credit & off of your judgment record. |
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Emily L
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If you are significantly behind on your payments they will harass you until you agree to garnish your wages. I'm not sure if it is legal or not. Amex threatened to do this to me when I was right out of college. I came up with the money to pay it off and closed the account. I recommend that you do everything you can not to let them garnish your wages as it will severly hurt your credit rating. |
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tngandhkm
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If the credit card company received a court order is it absolutely legal. If your employer does not comply with the garnishment, they will be addressed by the court to answer to why they are not complying with the court order. Generally, your state's statutes will specify what type of creditors can garnishee wages. This is a link that lists all 50 states and the garnishment laws of each state. Maybe it will help you http://www.bcsalliance.com/y_debt_statelaws_garnishments.html |
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googie
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Apparently you are a" dead beet " that has money management problems .Otherwise they would not have gone the garnishment route to collect. |
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Mrs. M
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you bet! |
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xyz
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NO NO and NO it has to be done thru the court and then 25% is to much... if you employer went along with it they are liable |
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