Can a variety agency adornment My Wages?

From what my clients have told me, this threat occurs with great frequency. The typical scenario is that the individual has defaulted on a credit account. The traditional creditor, be it Citibank or Capital One or whomever, fails in its attempts to get the defaulting individual to pay. The individual's debt is now referred to as "bad debt". Many times, the traditional creditor will plainly give up and sell the "bad debt" to an face company, such as a collection agency, for pennies on the dollar, sometimes even less.

The collection division then attempts to gather on the bad debt to make good on its investment. Initially, there may be a phone call or two, and then a letter from the division to the individual. If the inventory is not immediately paid in full, some collection agencies turns their efforts up a notch or three, and begin to make threats to the individual.

The most tasteless threat is that the individual's wages will be garnished. Often times, the division will tell the individual that the wages will be garnished "next week" if the inventory is not paid in full, or, in the alternative, if a immense payment is not made on the account. If this occurs to you it may in effect be a good thing because the debt accumulator will have just violated the Fair Debt collection Practices Act. The Fair Debt collection Practices Act is a federal law that regulates and mandates what a debt accumulator may do in its attempts to gather on a monetary debt. In my experience, I have found that many debt collection agencies violate this law on a daily basis.

I can say with certainty that there is no law in the land that allows a creditor such as a collection division to garnish your wages without due process of law. Due process, in a nutshell, is the ideal that you must be allowed to present/defend your case in a court of law. Every person is entitled to their day in court, no matter how open and shut the case may appear.

If a debt accumulator threatens to garnish your wages without the filing of a civil lawsuit, be sure to find out exactly who you are speaking to, what firm they are with, their address and return phone number. Be sure to note the date and time of the call as well. Then, experience a consumer Attorney in your area to begin formal proceedings against the debt collector. Under the Fair Debt collection Practices Act, you will be entitled to monetary damages and recovery of your attorney fees. In this regard, many consumer attorneys do not fee a retainer to form one of these actions, or, they fee a small amount and effort to recover the fees from the offending collection agency. If all goes well in your lawsuit, your debt will not have to be paid, you end up with a few bucks in your pocket, and your attorney fees are paid as well.