Can a company garnish your wages after they have charged off on the debt?
No, after a company has charged your debt off to their profit and loss (P&L) account they can no longer attempt to collect the debt. However, what they can do is sell the account to a collection agency. Charged of debts are bundled into large portfolios and sold to Junk Debt Buyers for pennies on the dollar. Junk debt buyers have the same rights to collect as CareCredit did. They can take you to court and sue you for the original balance plus fees and interest. After they get a judgment against you they can garnish your wages, or use any other method available to them under Kentucky law to collect. Since Junk Debt Buyers purchase debts for a fraction of the face amount, they are often willing to settle with you for a lesser amount before taking you to court. Hope this helps
by Blubber - 13 hours ago
If you owe or owed a company they can garnish your pay if you did not pay them. Wondering how you would know they wrote off anything anyway?
by Jan C - 13 hours ago
Three Powers Customers Have Now That They Never Had Before
Customers are more empowered than ever before, presenting your business with significant challenges but which, when handled...
5 Signs It’s Time to Seek Help With Content Marketing
Image Credit: Horia Varlan So your company’s spent five (or maybe even six) figures on a shiny new website, with all the...
Keeping Call Center Agents Happy: Why It Matters
Today’s savvy businessperson is learning more and more that the benchmark of a company’s success lies not in predicting...
Shopping Mall of Tomorrow: How Westfield, Walmart are Stripping Convention (Part 4)
Just as hemlines go up and down, retail history is patterned after the influences of its past and present. To envision the...
10 Ways To Use Short Video For Social Media Marketing
Have you gotten on the video bandwagon yet? Creating short videos is a great way to promote your business. No matter what...
The Science Of Social Timing In Blogging [Infographic]
Here’s a situation that I’m sure most of you are familiar with: You’ve written an insightful, well-worded, topical blog...