0
It's your wages that get garnished...not the credit card.
Even then, garnishment would normally occur only after many other steps have been taken to collect the debt...and certain legal process done. (Understand too, the cost of any and all actions that are needed to be taken to collect the debt will become your obligation to pay too).
A few states in the US restrict garnished wages to a few types of debts. Specifically, North and South Carolina, Texas and Pennsylvania allow garnished wages only for federal or state tax debts, child support, defaulted student loans that are federally guaranteed, or for compensatory damages decided by a court during a criminal or civil law suit. The exceptions though, not the rule.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Credit card laws in Pennsylvania?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Pennsylvania is 4 years. That is usually from the last use or payment.
What is the law for credit card debt?
Credit card debt laws vary by country, but generally, individuals are legally obligated to repay the full amount owed to the credit card issuer. Failure to repay can result in collection actions, lawsuits, and damage to credit scores. It's important to understand your rights and obligations regarding credit card debt under the laws of your jurisdiction.
How do the new credit card laws affect students?
The new credit card laws impose stricter regulations on credit card companies when marketing to students, including limiting the issuance of credit cards to individuals under the age of 21. This ensures that students are not targeted for credit cards without the means to repay the debt. Additionally, it prohibits certain aggressive marketing tactics on college campuses.
What are the credit card debt laws?
The credit card debt laws are agreements and terms in which the user of the credit card is bound by a legal contract with their bank. This contract is usually signed by the user when applying for the credit card. Depending on which bank, different agreements and contracts can vary. If the user breaches any agreements, the bank may have the rights to bring legal charges against the user. Some examples of a credit card law may include, to pay for the installment fee on the credit card. If one fails to do so, the bank will file a lawsuit.
Can you purchase with credit card with no money in our account?
If you are speaking of using your debit card as a credit card without any money in your checking account the answer is yes until the overdraft reform laws go into effect 7/2010.
What is statute of limitations for collecting on a unsecured credit card in Illinois?
You'd have to check your state laws.
What happens to credit card debt after the death of card holder?
This would depend upon the nature of the card holders' estate, whether they had a will, and the laws of their state of residence.
Is the use of a credit card considered Interstate Commerce?
Well Yes by the true definition Interstate Commerce would be in affect if you use your credit card to make a purchase outside of your own state. If you make a purchase using a credit card within your state, Interstate Commerce Laws would not affect you but may affect the Credit Card Company.
What are the new credit card reform laws?
There is a lot to the new laws. Much of it is good for consumers, but sometimes unintended consequences can result. Hence, the new credit card debt laws can penalize those people who haven't had any trouble with their credit cards previously. They will serve to make the credit card companies more honest about certain business practices. The two linked articles below explain both good and bad points in more detail than can be obtained here.
Does the new credit card law effect companies that extend credit?
Yes. The new laws will affect any credit card company. They do not totally go into effect until Feb. 22, 2010. You can read all about it at the article in the related link as it contains details of both the good and the bad parts of the laws and how they may backfire for responsible users of credit.
How can one create a credit card in the UK?
One can not create a credit card. This is against the law and will violate various laws. You will go to jail, and your family will have to pay lots of fines because you broke the law.
Can your paycheck get garnished for an unpaid credit card?
Even if a credit card company sues you and wins, the judge can only say that you do owe the money. He can attach a lien to your credit file which would prevent any new creditors from granting credit until the debt is taken care of. If you are in bankruptcy the rules change, each state has different laws. If the credit card company sues and receives a judgment in their favor your wages can be garnished up to an amount set by your state's laws.
