A creditor cannot garnish your wages unless they file a lawsuit and obtained a judgment against you. The time deadline to file a lawsuit will vary by state.
Yes they can
I've had an unemployment overpayment in Iowa for nearly 10 years and have never had any of my wages garnished.
If the debtor has made no attempt to collect such bills in the three years, the courts do not recognize it as a debt.
I recvd a granishment on an employees wages- the judgement was filed 7 years ago, is this past SOL ?
Possibly up to 7 years.
After the mobile home is repossessed they will try to sell it. You will be liable for the difference of what you owed less what they got for it. They can sue you for that amount and if they win a judgment against you they can place liens on property or your person, sieze bank accounts and garnish wages. Wages cannot be garnished in TX, PA, NC, or SC. No debt EVER just 'goes away' and its presence or absence from your credit reports does not alter attempts to collect a debt.
100% can be garnished and for as many years as it takes to repay the debt.
If you are more than 1 payment behind rest assure it will be repossessed. The way to prevent this is to catch up on your payments ASAP. Default on the loan agreement you signed, and they will repossess the vehicle. They will then sell the vehicle and you will pay the difference in what the vehicle sells for and the balance left on the loan. They will sue you for the balance, and you will pay. Your credit will then be ruined for 7 years. Avoid this if there is any way possible. Talk to the lender and see if something can be worked out. You do not want the car repossessed.
If you are in DEFAULT of the contract, the collateral can be repoed.
yes it has a 10 year limit
No. They can repossess their collateral (the car which was repossessed), and they can send a collection agency to hound you for money, but they can't confiscate your property.
Brian, were you the co-signor on the loan??? Otherwise, NO. How could you be responsible for someone else's debt? YOU would have to sign the loan. Sounds like a collector trying to smoke ya...