3Oct/098
Can Collections Garnish Wages For 1100 Dollars?
It's been a little over three years. The 1100 dollars came from a credit card and it went to collection a year later. So, that would make it in collections for two years in total.
It's been a little over three years. The 1100 dollars came from a credit card and it went to collection a year later. So, that would make it in collections for two years in total.
October 3rd, 2009
They have to sue and win the judgment. Many credti card companies and collection agencies are going to small claims for relatively small amounts. With the judgment, they can garnish your wages, attach your bank account and lien your property.
You may want to negotiate a settlement. You might be able to settle the debt for 25% to 50%. Get any settlement agreement in writing and do not give the collector direct access to your bank account.
October 3rd, 2009
Of course they can as long as they take you to court, get a judgment and your State allows wage garnishment.
They can also attach bank accounts and file liens on any real property you may own like cars, boats, land and homes.
I know someone that was sued and their wages are now being garnished over $300.00.
October 3rd, 2009
They need to get a court judgment first. Then they can attach your bank accounts, or garnish wages. The amount will include the principal (which I assume is the $1100), plus interest, plus collections costs, plus court costs, plus legal fees. They’ll probably get some kind of penalty in there, too. Don’t be surprised if that $1100 ends up being something on the order of $5K by the time they finish with you.
October 3rd, 2009
Yes of course. Credit card debt is valid for 7 years or longer if you make it so that it hasn’t passed the statute of limitations. Pay your bills and you won’t have this problem.
October 3rd, 2009
Yes but with the current default rate they are concentrating on big fish who owe thousands of dollars.So you might be safe.
October 3rd, 2009
They can garnish for any amount you owe and have not paid.
October 3rd, 2009
Yes…if they take you to court and win a judgment against you. Wages cannot be garnished for credit card debt in PA and TX.
October 3rd, 2009
they must sue you first and get a judgment and then attachment of wage garnishment by the judge