what can the collectors take
2006-11-15 04:10:19 · 3 answers · asked by js 1 in Business & Finance ➔ Credit
Is there a set dollar amount citibank decides to sue?
2006-11-16 03:22:05 · update #1
They have to sue you first before they can "take" anything from you. If they do sue and win, then it's up to the courts. But any kind of threat or statement in saying what you are doing is illegal by not paying is a violation of the Fair Debt Collection Practices Act. Read that act front to back. It's dry reading but quite eye opening.
2006-11-15 04:14:25 · answer #1 · answered by scotty_b_1976 3 · 0⤊ 0⤋
They can sue you for the debt as long as the statute of limitations is not expired. For Maryland, please see the link below. The creditors should not garnish more than 25% of your take home pay.
2006-11-15 14:42:52 · answer #2 · answered by Mariposa 7 · 0⤊ 0⤋
The link below is an excellent site that gives the info you are looking for. It also has the actual law references so you can research it more. I find it very useful.
2006-11-15 12:10:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋