Expect to receive a check directly from the debtor's employer shortly after the end of each standard pay period. The employer must deduct the garnished amount from the employee's paycheck before he is paid, so the employee cannot prevent the money from being sent to you. As long as the ...
Wage garnishment is a way that private lendors, such as credit card companies and other lendors of unsecured debt, can receive reimbursement for a debt that you legally owe. However, there are other circumstances in which your wages can be garnished by a governmental agency. If your wages a...
Falling behind on your loan or credit card payments is never a pleasant situation to be in. You're probably wondering how this may affect your tax refund. Watch this video to find out more about how judgments can affect your tax refund.
If a parent neglects this duty, the system can garnish wages for child support without the extended process of a traditional lawsuit and judgment. This quick remedy ensures that children don’t suffer undue hardships due to the financial irresponsibility or challenges of one parent. Similarly, ...
If My Lender Gets a Deficiency Judgment Against Me, What Can They Do to Collect It? The lender may be able to garnish your wages, put a lien on other property that you own, or take money out of your bank account. In a collection action of this sort, the lender’s rights and your...
The lender can seize money from the borrower’s savings, checking, or other financialaccounts. They also grant the lender the right to tap into certainincomesources of the borrower. This can include garnishing their wages.Garnishmentis a legal procedure in which a lender obtains a court order ...
If you have loans taken out in your name that weren't yours - due to identity theft or other false certification (this means someone forged your signature or information on a student loan), you are eligible to have your student loans discharged. ...
“If you don’t show up, the court will probably issue a judgment against you for the amount that the debt collector is suing you for. The debt collector can also attempt to find out where you work and garnish your wages. They can try to find out where you bank too, and freeze ...
Your wages could be garnished and you could even have your tax refund withheld. If you’re at risk of defaulting, take steps to set up a repayment plan or enroll in a forbearance program. Consider calling your loan servicer to create a plan to help you manage your monthly payments. You...
Can money in a joint account be garnished? While creditors won't always take money from a joint account, they may be within their rights to do so, especially if the account has your spouse's name on it, and you live in a community property state. ...