Posted on 09/19/2014 9:53:00 AM PDT by george76
One in 10 Americans between the ages of 35 and 44 had money seized from a paycheck and sent off to pay a debt last year
...
the average household’s balance at about $6,802. And one in three Americans is dogged by collections, or debts more than 180 days past due, for credit card balances, child-support, medical or utility bills.
For most people, garnished wages went toward child support (41.5%). After student and consumer loans (35.4%), workers’ pay was also docked to pay off tax debts (18.3%) and bankruptcies (4.9%).
(Excerpt) Read more at marketwatch.com ...
Like taxes...
They can dock pay for credit card debts? That one doesn’t sound right.
What do they do when the person has no income, only gets Social Security Disability, or an FSA card? (the new American dream....)
I doubt .gov handouts can be garnished. Or if they CAN be garnished, the amount of money the collectors would recover would be so trivial, I doubt it would even be worth pursuing. After it all shakes out, they might even lose money in some cases.
Child support is #1 on that list.
Get knocked up and dock the sperm donors paycheck as a reward.
Cant beat that deal for wimmin.
I knew a guy whose wife took his kids out of the US and still took him to family court here and got awarded child support payments from him, even though those kids and here were halfway around the world away from him (and here) .
After realizing how badly he got screwed he volunteered himself for a job layoff so he would be unemployed like she was.
If they get a court order to garnish wages for a credit card debt, this can happen. Its a long process but it can happen.
I believe they can get wages garnished for any debt if they can get a judgement in court. Most of the time, I believe they just write it off and sell it to a bottom feeder for pennies on the dollar, and they will try to collect; usually offering you to settle at 50%(and you’ll feel like you got a great deal). I had a bottom feeder get one of my medical bills once, they offered to settle at 50%, and I refused. A month later I called them and offered to settle at 15%. They accepted. (be sure to get it in writing, and DO NOT EVER give them access to any of your bank accounts)
Workin’ For The Man by Roy Orbison
Hey now you better listen to me everyone of you,
We got a lotta, lotta, lotta, lotta work to do.
Forget about your woman and that water can,
Today were working for the man.
Well pick up your feet,
We’ve got a deadline to meet,
I’m gonna see you make it on time.
Don’t relax,
I want elbows and backs,
I wanna’ see everybody from behind.
Cause you’re working for the man.
Working for the man.....
You gotta make him a hand,
When you’re working for the man.
Most states are Garnishment States.
http://en.wikipedia.org/wiki/Garnishment
If you have a judgment against you for non-payment of even credit card debt, then the opportunity is there for wages to be garnished.
The creditor goes to court, gets a judgment, and then can start the process to garnish wages.
Since child support is primarily paid by men, and 10% of workers have wages docked, of which roughly half are men, and 40% of that half are paying child support. So that is saying about 4% of all men working are having their wages docked for child support.
Good point. It should say 100% of working Americans are docked to pay off a debt that they had next to no say in creating and next to no benefit from the debt incurred.
Debt collection agencies cannot garnish Social Security payments - only the government can if you owe them like student loans, back taxes, etc.
I had an employee years ago. Had gotten divorced, and the ex had custody of five or six kids. Then he took up with a Mexican girlfriend, and was stupid enough to co-sign her car loan. She jumped in the car one day and took off for Mexico and was never seen again.
Between the child support and the liens from Ford Motor, he was taking home so little I could not figure out why he kept coming to work.
I’ve heard too many horror stories about that co-signing and child support all my life. I’m glad I have no children and don’t do joint accounts with anyone. My wife feels the same.
Those can’t be garnished or seized by the IRS.
People get too little for that for creditors to go after. Its not worth it even it was possible.
I was pretty sure that was the case. I know a couple of people that are on SS disability and they had some bottom feeders after them. They threatened to garnish their SS disability, but I didn’t think that could happen. I advised them to tell the bottom feeders to do the ‘physically impossible’.
I USED to actually encourage people to pay those banks and financial companies if they owed them money, until the trillion dollar bailouts. Now, their asses can twist in the wind, as far as I’m concerned...
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