N.C. Garnishment

I was told by a collection agency that if they obtained a judgement on me that the court would own my home and that I couldn't sell it or refinance it and that my mortgage company would be notified and that my interest rate would sky rocket to where I couldn't afford it. Is that really true?

The judgment/lien just means if you try to refinance or sell that the lien would be paid out of proceeds. The CA is trying to scare you, as for your interest rate it will be based on your credit.

alright..here's another question along the same lines..I live and work in NC..BUT my employer and the payroll office is located in TN...Does that mean that the payday loan office still have to comply with NC laws? Also, I have a law office for one of these payday loans now harrassing my references..is there anyone who can PM or post something I can tell these people the next time they call that will let them know that I've been made aware of the truth when it comes to their game, and they need to stop harrassing me and my references? I don't want to just come out and say..hey, what you're doing is illegal..it is, but I want to have all my back up, if you know what I mean! THANKS!!!

I miss maryanne alot... ma if you are out there...please come back to us!

So to make sure I understand this. A PDL cannot garnish my wages since I live in PA and a garnishment cannot involve PDL. Is there some kind of way in which I can see that information or get a phone number to see the legality of it. Very much appreciated. Because one PDL place I owe is threatning to tell my boss and try to do a wage garnishment. Also is a wage garnishment voluntary or mandatory. If it voluntary then Im happy about that because I can refuse to have a garnishment happen dealing with PDL. LMK. THX

Duplicate Content removed as per forums rules - Mike

http://en.wikipedia.org/wiki/Garnishment

One thing they left out..A garnishment never lasts longer than 90 days, and child support and other federal debts can actually be up to 50% of your disposable income.

A collection agency is calling my job to verify my employment and wages. I live in california and I need to know if they can garnish my wages for a payday loan that I can repay back but it will be a week from now. And then should I call my HR department for my workplace and find out if it is allowed? Someone please help.

Depends on your state laws...When you signed your contract with this PDL you may have signed a volunatary wage assignment you need to revoke this in letter as well as send a copy to your hr dept...

Federal student loans garnish is all 50 states without a court order at 15% of disposable wages.

If the credit card company gets a judgement against my husband, can they take our home? or is it just against ourhome until we decide to sell or refinance? WE owe the max amount on our home, so there is no equity.

WRONG! You can garnish wages for credit cards and such! I know, it was done to me!

WRONG! You can garnish wages for credit cards and such! I know, it was done to me!

Guest, the state of NC cannot garnish consumer debts

OK, they didn't garnish, they just went into my bank account and took the full amount. That's worse!

got anything to say bout that?