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What else can I help you with?
Dfd on credit report?
Sounds like defaulted abbreviated by reporting creditor.
Can credit cards garnish your paycheck in Iowa?
Yes. A creditor can sue for a debt and if they get a judgment they can use the judgment to garnish the debtor's wages.
Can a credit card garnish your wages in Florida if you are single with no dependents?
Private business cannot garnish your wages. The federal government, state and local government agencies can. Basically, garnishment must be by court order. Thus, the creditor can opt to sue for payment.
Can disabled people be made to repay defaulted auto loans or leases or voluntary surrender of a auto?
Disability does not negate the responsibility to pay for a loan. A defaulted loan can damage your credit and yes, the creditor still expects the money. Sometimes an attorney or Consumer Credit Counselor can help smooth the way when dealing with a creditor.
Can they credit card companies sue you and take your Social Security Insurance?
A creditor can file a lawsuit against a debtor who has defaulted on a contract. But, all Social Security benefits are exempt under federal law from creditor garnishment. This does not mean that if the creditor sues and receives a judgment against the debtor they will not have other means of executing the judgment to recover the debt owed.
Can senior citizen's Social Security and pension benefits be garnished for non payment of credit card debt?
No. If a creditor other than the federal government tries to garnish your Social Security benefits, inform them that such an action violates Section 207 of the Social Security Act (42 U.S.C. 407).
A credit card I had has been referred for collection. I set up a monthly payment arrangement which I defaulted on. They are offering me a settlement but it needs to be paid by a credit card today. If not today, they want to garnish my wages. Can they?
Garnishment is a last resort of creditors and in most cases cannot happen overnight. The garnishment process has to be brought before a judge and he or she has to agree to its implementation. A creditor cannot garnish your wages without first giving you notice. The amount of lead time and the exact process vary from state to state. Talk with your creditor about other solutions remember for them wage garnishment is a last ditch recourse
If you fail to pay a credit card debt can the credit card bank take money from your social secutity income?
Social Security, SSI, Veteran's benefits, and a few others are mostly exempt from creditor garnishments. The federal government CAN garnish these wages for taxes, spouse or child support payments.
Does a credit card layer have the right to garnish a federal income tax return?
Unfortunately, yes they can
Can private pension be garnish for credit purposes?
Some U.S. states allow a judgment creditor to garnish private pensions. The best option for a person who is in a situation where garnishment is possible is to obtain the advice of a qualified attorney,
What debts stay on your credit report longer than 7 years?
Bankruptcy. Defaulted federal student loans.
Can the federal navy credit union garnish your social security?
No, federal credit unions, including the Navy Federal Credit Union, cannot garnish Social Security benefits. Social Security payments are protected from garnishment under federal law, except for certain circumstances such as debts owed to the federal government, child support, or alimony. If you have concerns about debt and Social Security, it's advisable to consult a legal or financial expert for guidance.
