Posted on 22 December 2009
Tags: court orders, how to avoid writ of wage garnishment, judgement, paycheck, settelments, sue by creditor, wage garnishment, writ, writ of wage garnishment
A writ of garnishment is an order granted by a court to the creditor ordering an employer to garnish the wages of the defendant by X amount each paycheck. Such a writ is only granted when the creditor has filled out a suit in order to recover his debt and judgment was given in his favor. It is granted only after a judgment, as every American is guaranteed the right to due process. So, unless your creditor has sued you and won, there is no need to worry about your employer receiving such a writ.
In a writ of garnishment the amount to be garnished from a person’s paycheck is mentioned and it also provides instructions as to where the amount taken from the paycheck should be sent. If your employer receives a writ of garnishment, he has to act accordingly whether he is willing to do it or not he has to do whatever he has been asked to do as he has no choice .If he refuses the writ orders he could face serious legal trouble himself as he is disobeying the order of a court of law. Therefore, requesting with your employer to ignore the writ and advising him not to garnish your wages is not going to work.
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Posted on 07 September 2009
Tags: account, application, auto loan, balane, Bankruptcy, charge-off, Collateral, collection, credit history, credit percentage, credit profile, Credit Report, Credit Score, derogatory accounts, error, high credit, judgement, Loans, Money, Mortgage, negetive items, pay off, rebuild, secured credit card, Tax liens
A credit profile, along with a credit score determines your eligibility for a loan. And in order to qualify for all types of loans, you need to build a good profile. You may have considered consulting a professional if your credit profile is quite low, but before putting in more money, fix your basics.
Why Your Credit Score is Low
You may probably be aware of the issue that your credit score is low, which is why you are trying to fix it, so the root of the problem is solved, i.e. accepting that there is a problem.
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Posted on 02 September 2009
Tags: Bankruptcy, charge-off, collection account, collection agencies, credit card, credit inquiry, credit records, Credit Report, Credit Score, employment, Foreclosure, housing history, information, installment accounts, judgement, lawsuit, Mortgage, negetive, paid, Tax liens
A credit report contains all the information related to your financial dealings, including information regarding employment and housing history, to credit card and mortgage account activity. Unluckily, it also contains negative information such as collection accounts, charge-offs, bankruptcies, judgments, and tax liens.
Many people who have negative information on their credit report often wonder that when will the red marks be removed, or on what date will the negative items be removed from their credit score.
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