Question on judgements?

Question

Let me rephrase this…some people took it a little too personal…I have a judgement from 2004. What is the most they can do..can they garnish the wages and put a lien on my bank…?They will not work with me now that I can pay…do I have any other options or do I send money to them anyway

Answer 1

I'm pretty sure CA allows wage garnishment, but you might check and see if you can claim any exemptions.

In your other question you mentioned that they added over $10k of interest. Either this is an extremely large judgement or their interest charges are illegal. You can go to the court house and request to see a copy of the judgement and see what, if any, interest the judge allowed to be added.

Answer 2

note; there r exemptions 2 garnishments. they cannot touch ssi, ss, or ANY govt income 4 the poor. this does NOT give any 1 a license 2 rack up debt & NOT pay it, but U CAN recover from poverty & build yer own bank acct 1'st THEN pay yer debts,by law U come 1'st, along w/ yer family's personal immedi8 needs.

Answer 3

I'm kind of going through the same thing right now. I was told that if I cannot pay, they can garnish my wages and/or put a lien on my bank. But I was told by a paralegal that your bank info is private, and they can't go after any bank account that you don't tell tham about. So they advised me to open a new bank account and not tell them it exists. I'm actually in a debt settlement program, so I'm making monthly payments. Are you saying that the creditor will not work with you now? You'd think that they would want to get their money any way they can. If you have the funds available, I would pay them off in full now. But if you can only make payments, then just tell them that you only have this amount of money available right now, and that you'd be happy to set up a payment plan. They might eventually offer you a lower settlement. I had another judgement that I payed off a few months ago. I couldn't pay them the full amount all at once, and they didn't like the amount of money that I could afford monthly, so they eventually offered me a settlement at $1000 discount. The original amount was $3700, and I ended up only having to pay $2700. Of course I didn't have $2700 at one time, but it was too good an offer to pass up, so I took a loan against my 401K, and paid off the judgement and got it out of my hair. Now I'm paying myself back, with interest, to my 401K. I recommend trying to work out something like this with them. If you can borrow the money from someone, do it. If you have a 401K, borrow from it. Either of those are better than having them garnish your wages. That's just bad news. Good luck!!