If you owe on a personal loan and cannot pay it, can they get a judgement to garnish your wages?
Question Details: Take your car if its paid in full? If so do they need to stop charging you the ridiculously high interest rate (33.58%)? The interest is so high that I have paid a couple thousand and the loan hasnt even came down much. Also can they tack on more fees if they get a judgement?
Eric Redman / Redman Ludwig, P.C.
Answered 4 months ago
This attorney is licensed in Indiana
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yes they sue you, get a judgment , then garnish wages-25%-. yes fees and interest and costs are added on
you may need a bankruptcy to get out from under all the debt . you lose nothing and get a fresh start
