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On your return date to go to court for your garnishment can you make arrangements to pay the debt instead of getting your paycheck garnish?
Wiki User
∙ 15y ago
Yes and no. One can always make arrangements for future payments instead of getting wages garnished, however, if a person is at the point where a creditor has a judgment and is about to garnish wages, then that creditor probably will not agree to anything less than garnishment unless he gets a better offer. Garnishment offers a creditor gauranteed payments but they may be in small amounts and take a long time for the debt to be repaid. But still it is guaranteed. On the other hand if the debtor offers to pay a larger amount or offers to pay a substantial amount now and more later so that the debt is paid faster than with a garnishment, the creditor may agree to those "other arrangements" instead. If a debtor is able to pay a large amount, say 70%, of the debt immediately, the creditor will usually take it and forget garnishment. Creditors do not want to be bothered with weekly bookeeping from garnishments. They prefer to get money and go. This is why these smaller settlements are so often accepted. The creditor gets a good part of the debt and closed the file. Then it writes the amount it did not get as a loss and tatkes a tax deduction on it. Their other motivation is that interest on a judgment is usually at a rather minor rate. The creditor probably has some much better use for the money than collecting some small percent on the debt.
Wiki User
∙ 15y ago
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If your getting 50 percent of your check garnished by child support can student loans garnish more?
They can still garnish you, but you can appeal the garnishment through the Dept. of Ed. Ohmbudsman's office.If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
How do you garnish someone's wages after getting a judgment on their credit?
A garnishment is not a credit issue it is a public record to get the judment on ones credit it needs to be Docketed for a fee that can be done at the court house you filed in. You need to File a garnishment order to garnish the wages. That is usally very expensive. Be prepared to fork it out.
What is the law in Texas regarding wage garnishment for payday loans?
Can a payday loan company garnish my wages or levy my bank account, assuming they are successful in getting a judgment against me.
Ohio wage garnishment for student loans?
The student loan garnishment guidelines are Federal, so they are the same for every state. The guidelines say that collectors can garnish 15% of your pay, but i have seen up to 25% garnished before.If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
Can garnishments still be taken out while on unemployment?
The IRS can not garnish your unemployment. They usually garnish bank accounts and wages. You can get into a resolution with the IRS and not have to worry about a garnishment at all. In fact, if your are getting unemployment, let them know and they can list your debt to them as unrecoverable at this time. Once you are working again, you need to call the IRS and they will set up a payment plan for you to get caught up.
If you have moved out of state can a credit card company garnish wages if you don't reside in that state but still keep getting bills?
Some states allow garnishment orders to be enforced when rendered in another state. Others have specific terms, and still others do not allow it. Not knowing the state of residency or the state the garnishment order might be ordered, a specific answer is not possible.
If you defaulted in a private student loan how long will it take to garnish wages?
All collection agencies are different, there is no set guideline.If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
Can a student loan garnish more than 10 percent weekly?
The Federal guideline is 15-25% of your pay per pay period.If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
If you already have a wage garnishment can they do a bank garnishment too?
If you are getting garnished you seriously need to consider bankrupcy. Just from the sound of your question it is clear that more than one creditor is causing you some drama. Laws for garnishment vary by state. For instance in NC no one except child support and IRS can garnish your wages or go into your bank account. The state you live in makes a huge impact so you need detailed information from someone who is well informed about your state. You might come out better just by moving.
Is garnishment based on your current residence or where you got the loans?
Garnishment is strictly based on income, not current residence or where you got the loans. In the USA, if your Federal Student Loans are in default, then your original lender was paid 97% of your loan value by a Federal Guarantee Agency. Guarantee Agencies are basically insurance companies. When your lender was paid off, the Guarantee Agency took ownership of your loans. Guarantee Agencies have the right by law to keep any Federal Income Tax return money that is owed to you. They also have the right to garnish any wages and to garnish Social Security benefits. If you need help getting out of default and getting off of the tax offset list, click on my profile, StudentLoaner, below.
Can garnish mean to put on a separate plate?
No. Garnish means to add to the dish after it is prepared-- like putting on an accessory when your getting dressed to look better!
What is a biweekly paycheck?
It's getting payed every 2nd week.
