I had a company recently garnish my checking account, but they did not get all the money (thankfully had withdrawn some out for gas, food, etc) and I cannot afford for them to get another go at it again but with my new hours at my job I no longer have the time to pay bills or garnishments in person.I'am afraid to deposit money in my checking so I can pay bills online, for fear of a repeat of what just happened but unsure what to do. I have been making payments on multiple garnishments but they all seem to want more money.
I live in KS and have heard that garnishments can be done on a bank account even if you have made arrangements and are paying them each month and on time? I have recently purchased a Reloadable Prepaid Visa card from Walmart. I had it activated and another card sent to me with my name on it. I have yet to put money on it because my concern is that they will be able to garnish that as well.
Does anyone have any ideas if that would happen? How quick they can take money from your card if you reload it with money? Any help anyone can give me would be great as the only other real answer I found on the internet was someone saying that unless you set up automatic deposit on the reloadable card, there is nothing to link it to you & you can register it to off information so it can't be linked to you.
Subject: Garnishment for Pre-Paid Walmart Card
Mon Jan 25, 2010 12:04 pm
As for your question whether or not it will get linked to you without the automatic update depends on the company itself.
As for your second question, whether or not they will be able to garnish the card depends on the money you've put into the card. One more thing is that if you get into negotiations with the creditor they will not garnish your account anymore.
You should contact the creditor and make pay arrangements otherwise your accounts may get frozen. As a result you will have no access to your account and it will turned over to the creditor. This can happen to any of your cards, may it be a visa prepaid card or checking account.
Mon Jan 25, 2010 8:48 pm
Thank you for the quick response! I will look into things further and make sure things are accounted for.
Subject: income tax
Thu Feb 11, 2010 3:55 pm
Im having my fedral income tax return put on a reloadable visa offered thru turbotax. can the credit card company who put a writ of execution on me access that money?
The garnishment of these cards depends on whether the company that will be trying to garnish finds out about your new account. Typically, a company that is garnishing your checking account may not know about the fact that you have a prepaid card account.
Subject: Do you owe a debt?
Mon Oct 22, 2012 1:52 pm
If you owe a creditor, do not put money on a prepaid reloadable card. When you go to activate it they ask for your Social Security Number (SSN). That's how the creditors find and confiscate your money...
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.