0
What else can I help you with?
Can wages be garnished by more than one judgment creditor at a time in North Carolina?
When a creditor garnishes your wages they can only take a certain percent. Then when another creditor comes along they cant garnish your wages to because the first one is already taking the maximum allowed.
Can a creditor take you to court for an unpaid loan?
Yes, a creditor can take you to court for an unpaid loan. If you fail to make payments, the creditor may file a lawsuit to recover the owed amount. If the court rules in favor of the creditor, they may obtain a judgment that allows them to garnish wages, seize assets, or place liens on property to collect the debt. However, it's important to know your rights and options for dealing with debt issues.
Are you required to appear in court if you are sued by a debt collector?
No, but if the defendant does not make an appearance a default judgment will be entered in favor of the plaintiff and can be used by the creditor to garnish the debtor's wages or take other action to recover the debt owed.
Can a payday loan company garnish wages in North Carolina?
N.C. law does not allow wage garnishment when it concerns creditor debt. Be advised though, the creditor can take legal action to seize other non-exempt property belonging to the debtor.
If you have a bad debt judgment against you can the creditor take your car?
yes
Under Texas law what can the creditor do to collect the deficiency?
In Texas, they take you to court on a judgment in order to collect. Statutes of limitations on debt collection in Texas is four years. Debtors cannot garnish any wages.
How long does it take a creditor to garnish your wages?
Time to GarnishmentThe creditor first has to get permission from the courts to do so. It takes up to two years for the process. But it could take as little as six months. In Texas they can't garnish your wages at all.True, in Texas creditor's can not garnish your wages, but once the money is deposited in to your account, is not wages anymore and yes only after a judgment creditor's can freeze your bank accounts! If you are being sued, contact an attorney and and get legal advice. Filing for Bankruptcy will stopped everything.
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
Can a debt collection company issue a summons for unpaid unsecured debt?
Yes, once a debt collection agency buys your debt from the original creditor they are legally entitled to all of your debt. Therefore, they can take you to court for any unpaid debts, so long as it is the debt they bought from the original creditor and only that debt.
Once a debt is given to a collection agency can you get the creditor to take it out of the creditor's hands?
Once a debt has been sold to a collection agency, that agency owns the debt. Now it would be between you and the collection agency to settle the debt; the creditor has washed his hands of the matter. If you think the debt collection agency isn't working within its legal limits and is harrassing you, check out the Fair Debt Collection Act, which outlines was a collection agency can and cannot do.
If a debt on your credit report says 'bad debt write off ' can the creditor still sue you or collect the money?
= If your credit report reports that you have a bad debt write-off, then it means that the original creditor has written off the debt, but they can still sell the rights to the debt to a collection agency and they can contact you and take legal action.
A creditor is attempting to garnish my wages. I was told that they can only take 25% of my disposable income, am I correct?
YES, YOU ARE CORRECT
