Community Area

|

Helpful Resources

Community

Popular Discussions

Creditmagic Twitter

Credit on Facebook

Debt management

Loan consolidation

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 686

17396 Magic Points

Wed Sep 24, 2008 12:03 pm

In Pennsylvania, wage cannot be garnished for recovering of credit card debt or any other debt obligations. Only for recovering of outstanding Federal taxes, child support and matrimony obligations, wage can be garnished. The Revenue Dept of Pennsylvania, can even garnish your wages without obtaining judgment against you from the court. All that they will do is to notify the taxpayer that they are going to contact the employers to begin garnishing their wages.
_________________
Where there's a will, there's a way !!

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Wed Sep 24, 2008 4:55 pm

It is strange how all these laws vary from state to state. I can see why they would garnish for the few things PA allows for. Especially the child support. There are a lot of single parents out there struggling finacially to just make it day to day.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Thu Sep 25, 2008 3:07 am

Some people think that they can just make babies and then just walk away and leave the responsibility to the state, these kids become a burden of the tax payers. I don't think this is fair to the rest of us. I am glad that they can take this out of the paychecks. Thing is, some of them will not work or simply work under the table.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 686

17396 Magic Points

Fri Sep 26, 2008 10:45 am

Hi Fireyone
Mostly all the states in US allow for wage garnishment for credit card and other debts. The only states that do not allow wage garnishment include South Carolina, North Carolina, Pennsylvania, and Texas. These four states neither allow wage garnishments nor do they allow garnishment of social security benefits. However, Wage and Social security benefits can be garnished even in these four states if it is Federal Tax debt or for child support and alimony obligations.
_________________
Where there's a will, there's a way !!

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Mon Sep 29, 2008 2:29 pm

I think that all states should have some limitation on what can be garnished and what can not, I would not want the collection agencies just being able to get into my paycheck the way the get into some bank accounts. I am happy to be from a state that does not allow wage garnishment, go Pennsylvania.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Mon Sep 29, 2008 11:05 pm

I agree Gn and I am glad we are in one of those states. It gives creditors free access to your account in the other states. If I was in one of those other ones I imagine the harassment would be so much worse.

cs0khunter82

Joined: 14 Oct 2008
cs0khunter82's page
Posts: 12

374 Magic Points

Subject: "Late Fee" - principal payment

Tue Oct 14, 2008 5:46 am

That is such a great idea!! That will get the balance paid off much faster.

Thank you for the tip.

debtinfo

Joined: 19 Nov 2008
debtinfo's page
Posts: 2

68 Magic Points

Wed Nov 19, 2008 9:35 am

Loan Consolidation can be a good option for some people but not in all cases. The most important thing I guess is to make sure that it will definitely reduce the overall interest rate. It is good in cutting out many different credit card etc manangement fees and also in giving a clearer vision of your finances.
_________________

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Fri Dec 05, 2008 5:15 pm

Yes it is wise to compare the interest rates. Some people may go to a lender other than a bank hoping to get their loans consolidated into one payment. Some of these places like American General and other lenders may charge an even higher interest rate than some of the actual credit cards. If you have many debts wiht different rates it may be best to go inquire about a loan and then sit down and figure out which route is the one tha pays it off quicker and for less money.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Sat Dec 06, 2008 5:00 am

And once you get the consolidation, get rid of the bills, Don't charge them up again. Makes no sense at all cause then you have the bills all over again along with a loan payment to pay off your first round with the same bills.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Sat Dec 06, 2008 3:24 pm

I have seen people do this type of thing. I know its easy to do but it is the absolute worst. By doing this your doubling your problems and your debt. Then you can add the interest rates up and see what kind of money you are throwing away.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Sun Dec 07, 2008 5:07 am

I don't think that people look at any of this really, when you are in a desperate situation you make choices that are not so wise. On the other hand, you may think that you have some breathing room so you shop with the intention of paying it off quickly and then it gets out of hand.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Mon Dec 08, 2008 11:04 pm

Thats true..leave it to you to put sense into something. I bet with the gas prices being at a 5 year low the credit cards will come out a lot less when filling up. I also here grocery prices will fall in Januaryt due to last quarters lower gas surcharges. This should help out a lot of peoples wallets. It is also an excellent opportunity to maybe pay a few extra dollars on the credit card debt already made.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: credit

Thu Dec 11, 2008 2:52 am

Yep.........in 'hard times' you do what you have to do. EVEN if it's getting PDL's to 'survive'. Or...having to have a higher % rate, just to get something paid.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Thu Dec 11, 2008 1:53 pm

I would like to see a better program implemented for those with bad credit looking to rebuild. It would be an idea for the orgram to take on some people who are looking to rebuild woht an honest effort. They could screen the applicants ans weed out the ones whom seem like the biggest risk. It could even start out at a lower amount and an at least half decent interest rate. As the person pays and shows they are responsible they could slowly lower the interest rate and up the credit limit. Nor like it will happen but it sure would help out the honest people who just fell behind and get the credit world back on the right track. What do you think?

Quick Reply

Your Name

Subject

Message body

Previous 1, 2, 3, 4 Next
Page 3 of 4

Home|Contact Us|Terms of Services|Privacy Policy|RSS

* Disclosures:

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.

Page loaded in 0.262 seconds.