Ask Experts Questions for FREE Help !
Ask
    lanapoo123's Avatar
    lanapoo123 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 20, 2009, 12:15 PM
    Unsecured debt garnishment
    I had a sears card charged off. Bought by a collector, now being sued for full balance. How much can be garnished from my pay check by law?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Feb 20, 2009, 12:19 PM
    Quote Originally Posted by lanapoo123 View Post
    i had a sears card charged off. bought by a collector, now being sued for full balance. how much can be garnished from my pay check by law?

    The amount is set by the State of residency.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Feb 20, 2009, 12:21 PM

    Each state has laws governing what debts can be collected with a salary garnishment and what percentage can be taken. Since you didn't give us your location we can't answer.

    As an aside, the fact that the debt was charged off has not affect on your obligation to pay it.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

High secured debt virtually no unsecured debt [ 3 Answers ]

My wife and I have managed our finances pretty good, not great, but highly dependent on my good paying job... which I just lost. I suspect that it could take over a year to even get a 75% of my prior pay level :( House is at least 85k upside down {if even sellable}, 1st mortgage and home equity...

Judgement of unsecured debt [ 1 Answers ]

I have a court date of Jan. 13,2009. It is for a credit card debt,(since a law office has taken over the debt). It is being charged interest daily. What can I do about this? I've even considered bankruptcy. mfergie20

Unsecured Debt Collection [ 2 Answers ]

I am currently living in South Carolina and we do not have any garnishment of wages laws. I am wondering what legal actions can be brought against me if I am unable to repay an unsecured loan to the bank?

Unsecured debt [ 3 Answers ]

I'm going to court for a debt that I can't afford to pay. Can you tell me what's going to happen? I live in Atlanta, Ga.

Senior - unsecured debt [ 4 Answers ]

I owe a lot of money to various credit card companies due to changes in my circumstances. I am beiing sued, but have so far avoided the subphenia. (They only came to my house today). I have not spoken with, or acknowledged any debt, either by phone or in writing. I am 68 years old and live...

View more questions Search