Reply With QuoteVery rare do you see a company garnish wages and it's tough and not worth it in these cases. Child support all day long but Repo, collection accounts etc not likely.. I see credit reports all day long and they're one their credit....
If they find him. They think he in Africa and Africa will not extradite to the US.
Bet that puts an end to an acting career then. Not many studios in Africa, and I'd hate to be the studio that pays him any more from here.
Very rare do you see a company garnish wages and it's tough and not worth it in these cases. Child support all day long but Repo, collection accounts etc not likely.. I see credit reports all day long and they're one their credit....
Voluntarilly let repo a car I couldn't afford in 2nd divorce 1998.
They sold for $4k less than my loan. I owed the $4,000
Keep that 4-grand figure in mind.
It's been a garnishment since about 1999
have paid in estimate, $16,000 overall, $5000+ in the last 12 months
Current debt, $9,000+
Just settled yesterday, $6,000 cash.
23.95% interest.
Any questions?
2nd ex wrecked credit enough (and income was $114 a week take-home post divorce) so loan was out of the question at the time.
Just paid it with a loan from my 401K.
OOOWWWWWWW, that had to have left a scar.
I would need counciling after that, 3 times a week, with meds! :cry:
Considering todays low interest rate, having late payments and a judgment is just stupid. It can and will knock his score, which could literally costs thousands, possibly tens of thousands over the years since he wont be able to take advantage of low rates. Fawk, now they even pull credit reports to open bank accounts.
If he obtained a loan while he was employed by you trust me, they will pursue it. Creditors will always make one good attempt and it sounds like they already told him about wage garnishment, so they know hes employed. They also know where he banks and theyll seize his bank accounts too. With a judgment in hand, they can take pretty much anything except certain benefits they can even take his pet dog. If he lives in a community property state, wifey's wages are fair game too if they get a judgment (yeah, think about explaining that one to her).
Tell him to remember - he's paying for all the legal fees and they will make them add up to several thousand dollars on top of the principal amount.
Tell him to buy a vehicle, finance it thru them and tack the deficiency onto the loan. Kind of like a lot of people do anyway when they take it in the arse over a bad lease. My neighbor ate $6K ouch.
Print SmokinLowriderSSs post he speaks words of wisdom. Theres no doubt he would have paid that original amount had he known what he does now.
-- Trust me, I offered an informed opinion; I work in judgment enforcement and collections.
I guess I'll tell him he's fu*ked.
C-2, I'm not sure if he got the loan while working for me. He's only been around since March or so, and I remember him having the truck on or about his first day, so I'd assume not.
I gave him his paycheck the other day and he asked me if it is possible for that finance company to take some of it. I guess he wanted to know if it was going to be smaller before he opened it. Not yet, but I guess it could.
Thanks for the info guys. I'll pass it on.
I work for the Post Office and I've seen fellow employees wages garnished and we're not safe from the IRS! IRS will get anybody who's in their sights! Budlight
really since that would be against federal law, now if you comit fraud, then no they are not safe.
YES, YES, YES, and its not hard. I would worry more about his credit report.
One of the guys that works for me got into a wreck and his car was totaled. The insurance paid him for it, but not enough to cover the entire balance of his loan.
He is fighting with his finance company over paying the rest. Yes, I know it is still his responsibility, but it doesn't sound like he plans to pay them.
He asked me if it would be possible for the finance company to have his wages garnished/attached if they were to get a judgment against him. I told him it could very well be possible, but I'd have to check. So naturally, I am seeking the ultra accurate information that can only be found on ***boat.
What's the answer?
What bothers me about this whole ordeal is insurance companies ripping people off. I hear it about State Farm more than any other company, and have enough dealings with thise tards the way it is. I won't go into the entire story, but State Farm tried ripping me off on a claim when my son's car was totalled... he wasn't driving and the driver of the other car was at fault. It took two months of fighting with them, but in the end I got the $4000 extra that they were trying to screw me out of. Sounds to me like your employee should have fought this one out. State Farm is also trying to screw a friend of mine over on a boat repair job... I have been fighting with them for four months now over it, and these idiots are crazy if they think I'm going away... Gotta fight with these fukkers sometime... and don't even get me started on how State Farm is screwing the Katrina victims...
Can a private company have your wages garnished? What's the answer?
Not sure, but I know that an ex-wife can. :cry: :cry: :cry:
One of the guys that works for me got into a wreck and his car was totaled. The insurance paid him for it, but not enough to cover the entire balance of his loan.
He is fighting with his finance company over paying the rest. Yes, I know it is still his responsibility, but it doesn't sound like he plans to pay them.
He asked me if it would be possible for the finance company to have his wages garnished/attached if they were to get a judgment against him. I told him it could very well be possible, but I'd have to check. So naturally, I am seeking the ultra accurate information that can only be found on ***boat.
What's the answer?
As you stated, it is his responsibility to pay his debt. If he doesn't want to be a honest stand up guy I would not want him around my business ect. I'm on the board of a credit unuion and also have a business with 10 people. I know you didn't ask, just my .02.
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