Are there certain conditions that would help a creditor decide whether or not to file for wage garnishment?
What makes a creditor decide whether or not they will seek wage garnishment? Do you have to owe a large amount? Do you have to owe a certain amount? What factors go into deciding? Is there a certain amount of income that you need to be making before they decide not to come after you? I make less than $30k and in Tucson, it takes every penny that I make to live.– most of which is spent on housing costs alone. Thanks for your help.
Originally posted 2010-01-22 10:05:08. Republished by Blog Post Promoter
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Comments (2)
If you have a job, they are much more likely to try to garnish your wages. And, if you haven’t cooperated with a payment plan, or if you’re making no effort to pay.
It doesn’t depend on how much you make. I’ve known people at McDonalds who’ve had their wages garnished.
And it doesn’t matter (much) how much you owe – as any costs to collect, ALSO get rolled over into the judgement, along with interest.
It actually depends on the creditor and the amount of money owed. This is usually the norm, but I recently read an article where the poor schmo was getting his wages garnished over an old credit card bill that had an outstanding balance of under $500.00 dollars. Your annual income doesn’t play a role in paying back a debt. Only way to have a debt forgiven in some cases is total disability and I am speaking of the late actor Christopher Reeves type of disability. Seriously. Look it up. I’m not kidding or exagerrating.