does anyone know if the law that protects you from wages being garnished a.k.a. ~~ if you are making payments the business you owe money too can not garnish your wages...is that law whatever the wording still in effect or obsolete???
2007-08-30 15:41:43 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Some folks are of the mistaken belief that if you send a small payment, the creditor can't do anything. That isn't true.
If you default on your agreement, the creditor can demand full payment immediately. They can take whatever payment you send and still take you to court. Of course, there are laws controlling the amount of money the creditor can take from your pay -- max of 25%.
2007-08-30 15:51:34 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋
making payments or paymets in full and on time == there is a big difference -- when you contracted for the goods/service you said you would make full payments on time and for the full amoung so if you are doing anything less -- yes the can and i hope they do!!!
2007-09-03 21:38:40 · answer #2 · answered by mister ed 7 · 0⤊ 0⤋