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 Posted: Thu Jul 12, 2007 11:26 am Subject: wage garnishment |
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can pdl companies legally garnish wages in new york
I had 7 loans, and closed my account before they could take mo ney
So far I have not heard from them. It has been about 2 months.
My account was in a negative balance, but paid it so i would not be reported on chex system
the negative balance was my own fault. I used my overdraft protection. Not a good idea !!!!!!
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5461
Debtcc Points: 38903
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| Posted: Thu Jul 12, 2007 11:41 am Subject: |
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New York Wage Garnishment
The maximum amount recoverable is ten percent (10%) of gross income, or the federal maximum, whichever is less.
If the debtor is subject to garnishment for alimony, support or maintenance, the combined garnishments cannot exceed twenty-five percent (25%) of disposable earnings.
Income executions are prioritized by order of delivery to the Sheriff, but garnishments for alimony support or maintenance always take priority.
The execution is a two-stage process. First, the sheriff serves the execution on the debtor at his or her residence. If the debtor does not begin making payments within twenty (20) days, the sheriff levies on the employer
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ramj70
Joined: 16 Jan 2007
Posts: 201
Debtcc Points: 982
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| Posted: Thu Jul 12, 2007 11:50 am Subject: |
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Now there is the issue of wage assignments - These are clauses put into the contract that say you give the pdl permission if you defualt on your loan to directly take the money out of your check. This is 100% voluntary, and all you have to do is revoke it.
Send each pdl a letter, certified mail, that states "I hereby revoke any and all wage assignments I may have signed with Company X." Keep a copy for proof in case they still try to put the wage assignment through.
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111639
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| Posted: Fri Jul 13, 2007 9:26 am Subject: |
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My sister was having her wages garnished but she sent them a letter and they stopped doing it. Luckily, she set up a payment plan with them and now it's paid in full.
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landrylou
Joined: 04 Nov 2005
Posts: 310
Debtcc Points: 5184
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