Wage garnishment by Asset Acceptance LLC

unless you make a lot of money, this was a wage assignment, not a garnishment. I'm assuming your paycheck is governed by California rules. Asset Acceptance is a payday loan company, correct? You can only be garnished 25% of your disposable earnings..after taxes and voluntary deductions..for a consumer debt. This is a federal law. A wage assignment, however, can take the entire amount of the debt at once. Unfortunately, you could've revoked this and kept it from happening, but I bet you had no notice. Yes, they are voluntary, but they are also legal, and your chances of getting your money back are very very slim.

Contact your payroll dept to find the originator of this. Your work should provide you of a copy of the paperwork as well..I'm surprised you don't have anything yet...If you have any questions or need any help, please pm me.

Sailinstevo, if I am not wrong, are you talking about Asset Acceptance that is a collection agency?

I know that collection agencies don't have the rights to garnish wages unless they have purchased the debts from the original creditor. Finsfan, please correct if I am wrong here.

you are absolutely correct. They're a collection agency? I knew the name was familiar, I assumed it was a PDL. That puts a new spin on things. But...It still has to be a wage assignment, not garnishment, because you'd have to make A LOT of money to be garnished that much.

This company has a bad rep. and alot of complaints against them for their collection activities.

Something must be amiss with them..I find it ineteresting that they would use a wage assignment..In my experience, if a collection agency is on the up-and-up, they sue for a judgement. Hmmmmm...

Sailinstevo, what was the debt for? And..do you know the original amount? Someone did something backasawards here, and I'm gonna figure out what it is, trust me!