2007-11-24 10:27:26 · 4 answers · asked by cerealcity1 2 in Business & Finance ➔ Credit
yes they can, but a collector must take you to court. Michigan has a Statue of Limitions of 6 years from last payment, meaning your are exempt from having a collector wining a suit against you. IF you are past this and you are getting threaten you can sue them. Here are a few thing to look at gambling weather someone is going to end up in court under the SOL
balance is under 1000 they most likely will not waist there time
over 2k your chances of getting sued
2007-11-24 12:30:32 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Yes, wages can be garnished in Michigan after the creditor wins a civil judgment against the debtor.
Michigan laws on garnishment are equal to federal laws,
(1) 25 per centum of his disposable earnings for that week, or
(2) the amount by which his disposable earnings for that week exceed thirty times the Federal minimum hourly wage prescribed by section 206 (a)(1) of title 29 in effect at the time the earnings are payable,
whichever is less. In the case of earnings for any pay period other than a week, the Secretary of Labor shall by regulation prescribe a multiple of the Federal minimum hourly wage equivalent in effect to that set forth in paragraph
http://www.bcsalliance.com/ccpa_15usc1673.html
2007-11-24 12:26:25 · answer #2 · answered by Ti 7 · 0⤊ 0⤋
First, a credit card company has to sue you and get a judgment against you. If you still continue to not pay, yes, they can get a court order to garnish wages.
2007-11-24 10:34:59 · answer #3 · answered by First Lady 7 · 0⤊ 0⤋
You can find all the info you need about credit cards at http://www.CreditCardHelpDesk.com
The site has helped me a lot. Hope it helps you.
2007-11-24 11:09:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋