Can credit card companies in the state of Florida garnish your pension and social security that are automatically deposited into a bank account if there is no other income?

Answer 1

No, pensions and SS benefits are exempt from creditor garnishment. It is important that benefits are not commingled with any other funds. This needs to be done to prevent the possibility of the account being frozen until the court rules on what portion of the funds is exempt from creditor action.

Answer 2

The Credit Card agencies can not. They will need to take you to court and find you guilty of the theft of their money first.

The added costs of interest and court fees along with a small charge for the garnishment.

The bigger issue (to me anyway) is the damage it does to your credit rating. Future homes, any future loans and any possible job prospects are hurt when you steal money from a credit card agency and lose the credit score.

The added cost to cards by people stiffing them for money they owe also costs those that pay money.

If you have a legitimate beef with them, they will work with you. It is hard to get them to take you to court, but they do. I have an employee that went crazy with a credit card company. He was upset about $200.00 and would not pay it and would not try to work with them. After garnishment it cost him $1,600.00. It would have been cheaper to pay the money he owed.