Saturday, October 31, 2009

My pay is being garnished for a student loan.Now the bank is too because of a car loan.Is this legal

I get garnished for 500.00 a month.My car was reposed and I am already being garnished for a student loan 160.00 every two weeks.Now the bank that financed the car is garnishing my 100.00 every pay period too.Their garnishment is 10 percent,making this 25 percent of my take home pay being gone.Can two garnishments take place at the same time.I called my pay roll and she said that this was court ordered.I even called the banks lawyer and he stated only one garnishment at a time.I don%26#039;t feel that I should have to pay back the bank because I no longer have the vehicle.They stated that I owe the remaining balance.What should I do.I don%26#039;t wanna file another bankrupcy because the dept is only 15 thousand total.I did hold on to the vehicle for 5 months without paying on it because I had to look for a job.



My pay is being garnished for a student loan.Now the bank is too because of a car loan.Is this legal?

Do you have copies of the garnishment paperwork? Yes, it is legal for them to garnish your check and it is legal to have more than one garnishment. However, there is a limitation on the garnishment amount... Usually it is up to 25% of your disposable earnings; however it varies within state/federal laws. You should reference the paperwork for the garnishments to see what the maximum percentage was indicated.



A website I%26#039;ve recommended in the past would be...



http://www.safelinked.info/go.php?link=a...



All the best to you.



My pay is being garnished for a student loan.Now the bank is too because of a car loan.Is this legal?

it is legal, it was a contract, so doesnt that mean you get the car back if you pay the remaining balance plus fees and penalties, you should contact a lawyer



My pay is being garnished for a student loan.Now the bank is too because of a car loan.Is this legal?

If you dont pay your bills, your creditors do not have to stand in line, or check with others, to get their $$%26#039;s from you.



You might want to get a lawyer, or credit specialist to negotiate for you with your creditors, to lower the garnishments.



If you have anything else outstanding, you might end up with another garnishment.



My pay is being garnished for a student loan.Now the bank is too because of a car loan.Is this legal?

I%26#039;m not sure if it%26#039;s legal or not but i am pretty sure by reading other answers by him, that Palo Kara%26#039;s too good to be true loan is probably a scam all on it%26#039;s own. Don%26#039;t give them any information about yourself it seems like you have enough problems. Don%26#039;t count on someone giving someone with bad credit an amazing deal....sorry to hear about your checks because I don%26#039;t think it%26#039;s right.



My pay is being garnished for a student loan.Now the bank is too because of a car loan.Is this legal?

You need to attend and complete a consumer credit counseling class or series of classes. They are free at most local library%26#039;s and community colleges.



It is time you take responsibility for your financial situation and realize YOU are responsible for your debts. Period. These agencies have the right to garnish your wages if you don%26#039;t pay them. Filing bankruptcy %26quot;AGAIN%26quot; is not normal. Once is not normal!!



Don%26#039;t plan on getting a tax refund this year, it will certainly be seized as well.



My pay is being garnished for a student loan.Now the bank is too because of a car loan.Is this legal?

As far as i know,this is a question with many different answers,it is really depend on the judgement of yourself,provide a great resource here for reference though.http://carloan.onlineidea.info/auto-calc...



My pay is being garnished for a student loan.Now the bank is too because of a car loan.Is this legal?

I am no gonna say I am one hundred sure about it.Besides it really depends on the personal feelings.



SO it would better for you to find yourself.Here is a good resource.http://homeloan.online-assistant.info/le...

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