credit card was charge off /written off 2006 bal of $850 sold. QAR is harrasing me to set up pmt arrngments with 2days or i will be garnished 25% pa
Question Details: i am being sued by credit card that was charged off written off sold back in 2006. company sent me letter in somebody else name,creditor, and balance. pressuring me to set up payment arrangements. I have 2 days to give my checking account informaton then have 2 weeks to pay off the correct creditor and balance. I am unable to make their arrangements. I requested a copy of signed agreement and they have not supplied that. can they garnish my paycheck 25%
Business Law Answers
First things first: until you are sued, and the company suing you wins the court case and gets a judgment, your wages can't be garnished at all. After that, in your state, there's a 21-day waiting period before the judgment creditor can apply for the garnishment.
Until they have the judgment, you have no legal obligation to supply them with your banking information.
They can garnish up to 25% of your disposable (after mandatory taxes, etc.) income, or the amount of disposable income you received minus 218.50 per week (30 hours' pay at minimum wage), whichever of the two is less. So, for example, if your disposable income is less than about $300 weekly, the garnishment would be less than 25% of that.
Related Business Questions
- Can I avoid finance charges on some forms of credit?
- How a Corporate Credit Card Impacts a Personal Credit Score
- There were numerous unauthorized automatic debits from our bank account to an internet porn site. Wh...
- I have had large monthly charges put onto my credit card that I never authorized. It is the same amo...
- Putting Through Credit Card Charges by Merchant on Products to be Shipped
Didn't find your answer? Ask.
Top Ranking Attorneys
- Hong Shen210 Answers|Points 10500Gold Contributor
- Joseph Gasparrini46 Answers|Points 2200Bronze Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga78 Answers|Points 3850Silver Contributor
- Shawn Jackson17 Answers|Points 850Bronze Contributor
- Glenn M. Lyon, Esq.27 Answers|Points 1330Bronze Contributor
- Hong Shen210 Answers|Points 10500Gold Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga78 Answers|Points 3850Silver Contributor
- Sharon Siegel62 Answers|Points 3090Bronze Contributor
- Michael D. Siegel56 Answers|Points 2750Bronze Contributor
- Paula McGill50 Answers|Points 2500Bronze Contributor
Are you a lawyer?Want to be featured here? Sign up for a free profile and get started today! Click Here
More Questions Like This...
 |