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Can dell legally garnish wages of $2,000? If not what is the minimum legal amount a company can garnish your wages for? Also I checked my credit report and it said that my account with Dell was a charge off account.

2007-08-01 15:02:49 · 5 answers · asked by Rosebud 2 in Business & Finance Credit

5 answers

Depends on the state you live in, but yes they probably can garnish your wages. They have to take you to court first for whatever you owe them. If they win in court the court will tell them how much you owe them. Then they can put in to start garnishing your wages. You will only have to pay a protion of the judgement each pay period until it is paid off, so technically they can garnish any amount but only part of it will come off your paycheck (ie you'll still have money to live on).

The good news is its alot of work for them to do all this and they may not even bother. Still regardless of whether or not they do all this (and for $2k they may, if you have a good salary) this will stay on your credit report as a big blotch for a long time.

2007-08-01 15:10:23 · answer #1 · answered by Slumlord 7 · 2 0

Yes, Dell can legally garnish a wage of $2000. Most states have limits on how much of the wage they can take, but they can always take SOME.

The fact that Dell charged it off does not mean that it will not be collected by Dell, or by someone to whom they sell the debt.

2007-08-01 22:14:11 · answer #2 · answered by acermill 7 · 0 0

After suing and getting a judgment, they could attached your bank account or any other asset. They can also garnish your paycheck. The percentage varies from state to state but typically is around 25%.

You may want to work some arrangement out before it goes to court and all those legal fees and other extra costs are tacked onto your debt.

2007-08-01 22:21:22 · answer #3 · answered by bdancer222 7 · 0 0

they can't do that unless you have a judgment against you. A charge off means the company wrote it off on their books as a failure to pay and never expect at this point to get paid.

2007-08-01 22:15:19 · answer #4 · answered by Anonymous · 1 0

there is no minimum. You ve asked this before...they can and they will garnish your paycheck.

2007-08-01 23:04:45 · answer #5 · answered by Anonymous · 0 0

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