can a loan company get a judgement against me and garnish my bank account?
140030
If it was in your contract, they can. They do have to follow UCC Codes. They have to get the judgement and a court order allowing them to garnish wages and/or bank accounts. If the account is in a joint name, say you and your parent or spouse then it is more difficult to get an order to have it garnishment.\n\nGood luck,\n\nDo a search on UCC Codes and if all else fails and you are in serious finacial trouble you may opt for filing bankruptcy.
325365
More than likely if you have a job and a bank account they will send a letter to your bank to withdraw the full amount from you account....Or take any other property worth equal value from you.  I don't think they will be interested in your piano. They look at property that is has an established "worth" with the bank...home, car, realstate property etc. You no longer have the ability to make payments you lost that privelege when your case was taken to court. The plaintiff won so if he doens't want payments and wants it as a whole sum he is entitled to this. Even if he was in the wrong and is a crook.\n\nDo not send anything directly to the car mechanic without it being documented. Especially if you aren't sure whether it is going to be garnished or not. The bank has to legally send you a letter stating that they received legal paperwork telling them to garnish your account. As does your employer if it is to be garnished from your paycheck. If it is garnished from your paycheck it will not be for the whole amount, but for a portion each paycheck. So make sure you never have $500 or more in your bank account or it all will be removed/garnished.  So, yes he can have it directly garnished from you checking account. I know that it will hurt you financially, it hurt me considerably too. Is there anyway that you can get a cash loan from a cash lending facility so that you at least can buy more time? I know this will cause you to have debt also, but the courts have the law behind them and they have every right to garnish your wages and accounts.
73901
There is no way to "beat" the case now that you have already lost it.  It can be appealed, but that would cost more than paying it.  The best thing you can do is reach an agreement about paying off the judgment against you.  You are bound to pay off the judgment (I presume the court found you owed money and didn't order particular steps about how you should repay) but it can be hard to actually collect, and most people eventually agree to payment schedules rather than trying to force total immediate payment.
668672
Yea they can. States laws are different but here in Alabama.  First they will serve you with papers.  You can either go before the judge and plead your case (which I recommend) or do nothing and the company will get default judgement on you.  Once they get that after 14 days they can file for garnishment and take 25% of your paycheck until the debt is paid.\n\nGo in front of a judge and plead your case.  Its the only shot ya have.
1047112
IF THE ACCOUNT IS LARGE ENOUGH THEY CAN SUE YOU AND OBTAIN A JUDGMENT.\n\nTHEY WILL THEN TRANSCRIBE THE JUDGMENT IN TO A "JUDGMENT LIEN" AND IT WILL CLOUD THE TITLE OF ANY REAL PROPERTY YOU OWN IN THE COUNTY THE SUIT WAS FILED IN.\n\nTHEN, IF THE JUDGMENT IS LARGE ENOUGH, SAY OVER $10,000 TO $15,000 THEY CAN FORCE A FORECLOSURE ON YOU AND HAVE YOU EVICTED FROM YOUR HOME AND SELL IT TO PAY OFF YOUR DEBT.\n\nTHEY DON'T SCREW AROUND.
203714
there are a few things you can do: go to the court house and get a garnishment /execution paper and run a cash drawer levy on them. other than that since you are in cali the laws might be different but you could also run a asset levy against the co. checking acct if you can find it
253087
Yes, in a roundabout way.  They can turn the loan over to a collection agency, which can sue, and the court can order wage garnishment.
650591
Yes you are in the statue of limitations, so they can bring a suit against you.  If you have the money, you should pay them.  You may be able to negotiate down some of the fees/penalties etc, because they are better off taking a little less than going through the expense of taking you to court.  Since the debt is legitimate, you will definitely have to pay the principal and some interest.\nA judgment against you will make your credit worse than defaulting on a loan.  \nNot to mention a judgment could be used to garnish your wages.
272891
yes, but normally they will just hand it over to a bill collections agency that will get a judgment against you. If your about to file bankruptcy though, don't worry about it. they're not going to throw you into debtors prison or anything. they'll just call a lot and send letters. Once you are in bankruptcy, it'll be sorted out.
1118899
Yes.  Now that they have a judgement they can "execute" on it.  They could ask for a court order garnishing your paycheck; they could have the sheriff confiscate your cars and put them up for auction; or they could put a lien on your house and then have the lien foreclosed and put up for sale.  In the case of cars and houses, whoever owns the first loan gets paid first, then the credit card company gets paid, then you get what's left.  To make it worse, they will add legal fees and auction/foreclosure fees to the bill if they have to do this.  You have two choices: either file for bankruptcy, or else refinance the loan on your house to get the extra money to pay off the judgment.  You should never have missed the court date.
8452
It depends on the order of the court.  They can garnish your wages or seize your property depending on how much you owe and what the debt is for.
796587
If the bill is only in your name ... your husband won't get wage garnishment, however, the money can be garnished from a checking account. If the house is in your name, a judgment against your house. Listen to me.. go to court.. they will put in Mediation, work out a deal, make some kind of payment arrangements, believe me I know.. I am taking many people like you to court tomorrow... its in their best interest to show up... I can get the vehicle if thats in your name... many things one can do....
792284
At the most they can screw you. They can definatley take a strict action coz its not the bank money its the money from general public which goes to bank as saving. Make a clear statment to them that you are willing to pay at later date.
673335
Contact them immediately and set up an arrangement to pay them or borrow from friends or family to pay them back.  They can garnish your wages.  When they do, it will be on their terms.
278256
They can harass you for the statue of limitations(usually 7 years).  However if they sue you and win a judgement that will reset the statue of limitations and they may get your wages garnished.\n\nHopefully your situation is temporary.  If it is explain it to them and work with your creditor to get back on track.
374469
you can't get rid of a judgement until you pay it
316728
They tried to take out my mortgage payment 2 days early, and they charged me a NSF charge and a Late Charge, when the money was put in the correct day, and I had to notify them the day my mortgage was due and asked why my balance was off by $19.00. They say it was some kind of computer error. of course it would never be there error.\n\nThis happened 8 more times durning my 5 year mortgage with them.\n\nIt also took 2-3 months before they refunded my account the $19.00 and to rebalanced my mortgage accordingly.\n\nJust because banks have some fancy Business Degree, they still need to held accountable for work.  Like Mom use to say: Watch you pennies and the dollars will take care of themselves.