can you tell me the answer please?
A collection agency cannot call your employer to garish your wages. In order for your wages to be garnished, you must be sued by the collection agency. And the agency must win a judgment against you.
Because they don't. It is a lot of agency's policies.
In Part: No it has to be updated if the balance is revolving and going up or down monthly.
Yes, with a judgment, but if you're head of the household, no. Experience: I own a collection agency.
Its your choice. What amount would they get IF they garnished your wages? More or less? Do they have a judgment for the balance due? IF so, they gave you a choice.
A debt collector works for a collection agency. If the angency owns the debt then you can request statements. A collection agency will send you a paid or settled un full letter. They are not a billing agency.
Collection agencies have no authority to do any such thing. If your case goes to court, and the court rules in favour of the collection agency, then your retirement could be garnished.
Generally, a court will only allow unemployment compensation be garnished in the case of spousal or child support.
No. Social security and social security disability CAN NOT be garnished by a collection agency, BUT the Federal government can garnish it for child support, back taxes, unpaid student loans or any other money for which it is owed. SSI on the other hand CAN NOT be garnished by anyone, not even the Federal government since it is awarded by need. Hope this helps, Lsqud in PA
Yes! If your student loans are with a collection agency they are in default. When student loans are in default the dept. of ed gives the collection agencies "CARTE BLANCHE" to collect the money by any means necessary. Wage garnishnent is only one.
Personally speaking, it is better to settle with a collection agency rather than making monthly payments. Theres only one ceveat....you must pay the collection agency in full. Example, lets say you owe $1000 to a credit card company. A collection agency will say, pay $600 NOW and this will settle the balance. So, if you dont have $600, its a 'catch-22'. You are better off making the monthly payments until the $1000 is paid.
Yes. They can sue you and if they win a judgment your wages can be garnished as long as you are in a state that allows wage garnishment. If you are in TX, PA, NC, or SC, wages cannot be garnished for this type of debt.