The long and short of it is--Yes. You signed a promissory note--you promised to pay and you haven't.
Yes, wages can be garnished for consumer debt. The creditor would first have to sue you and get a judgement, then ask the court to garnish your wages. If the debt is secured, like a home or car they will likely just foreclose or repossess.
The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.
A Collection Agency that "owns your debt" can not garnish any wages. Assume that the collection agency in their efforts to collect the debt for their client, sues the debtor and then provoke that the Court works an arrangement to pay the debt, if the arrangement includes garnishment of wages then, the Court can garnish salaries. And there is laws to garnish wages that apply to every state.
A persons wages are garnished when they owe a debt. The debt collector had to go to court and a judge had to issue a garnishment.
North and South Caroline, Texas and Pennsylvania. These 4 states can not garnish for debt collection.
If you owe a debt to a bank they can seek a petition from the court to garnish your wages.
No.
Yes, they can. I do know of a law firm that helps delay trials and settle out of court, let me know if you want to know about them.
They cannot collect unless they prove: 1. the debt is valid. 2. that they have authority to garnish the wages on behalf of those owed.
There is no such thing as unsecured debt. There is debt that is not secured by collateral. There is debt that is secured by your signature on a contract. And, yes, if the creditor has obtained a judgment against you for credit card debt, they may serve your employer with an order of garnishee and secure up to 25% of your paycheck per pay period.
No...they do not have the right to garnish wages unless you signed a consent form agreeing to such.
A creditor can garnish however much the court has given them permission to garnish. The court decides this depending on the kind of debt owed as well as the willingness of the defendant to pay the debt. If it is a debt for owed child support, for example, a huge percentage of the wages can be garnished.