Can Credit Card Companies Garnish Military Retirement Pay?

submit to reddit

Submit Your Tip

Can Credit Card Companies Garnish Military Retirement Pay? – This is a place for the community to provide tips and advice on Can Credit Card Companies Garnish Military Retirement Pay?. This topic was created by Girish Bhagnari and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Votes

Tips

1
- Vote
Tip 1
New Federal Rule Protects Benefits from Garnishment | Credit.com More
Published: 9 years, 4 month(s) ago by Jill luciani | permalink
Vote
A new rule protecting certain federal benefits from garnishment became effective May 1, 2011.

For further reading: http://blog.credit.com/2011/05/new-federal-rule-protects-benefits-from-garnishment-23625/ ^[1]

1
- Vote
Tip 2
Can Lenders Garnish Pension Benefits? | freecreditreport.com® More
Published: 9 years, 4 month(s) ago by madison klett | permalink
Vote
Creditors can use different methods to receive a delinquent debt. Learn about the different types of pensions that can be affected by lender garnishment.

For further reading: https://www.freecreditreport.com/blog/can-lender-garnish-pension-benefits/ ^[2]

1
- Vote
Tip 3
Can Credit Card Companies Garnish My Wages? | Nolo.com More
Published: 9 years, 4 month(s) ago by Key 8 | permalink
Vote
A credit card companies can garnish your wages if it gets a judgment against you. Learn how to avoid this.

For further reading: http://www.nolo.com/legal-encyclopedia/can-credit-card-companies-garnish-wages.html ^[3]

1
- Vote
Tip 4
Can Military Retirement Pay Be Garnished? | eHow More
Published: 9 years, 4 month(s) ago by Frumpco OC Fourmscom | permalink
Vote
The U.S. Department of Labor notes that garnishment occurs when an individual fails to pay a debt and, as a result, his creditor sues him for the debt, wins and requests a writ of garnishment from the court. A creditor with a valid writ of garnishment may garnish both wages and bank accounts.

For further reading: http://www.ehow.com/facts_7186257_can-military-retirement-pay-garnished_.html ^[4]

About Author

Girish Bhagnari

More by Girish Bhagnari

List of Top Family Medicine Doctors in Memphis, TN 38125

About This Topic

Category: Fun | 9 years, 4 month(s) ago

10.4k+ Reads

4 Tips

4 Votes

0 Likes

0 Saved

Contributors

Frumpco OC Fourmscom, Jill luciani, madison klett, Key 8

References & Citations

1. http://blog.credit.com/2011/05/new-federal-rule-protects-benefits-from-garnishment-23625/

2. https://www.freecreditreport.com/blog/can-lender-garnish-pension-benefits/

3. http://www.nolo.com/legal-encyclopedia/can-credit-card-companies-garnish-wages.html

4. http://www.ehow.com/facts_7186257_can-military-retirement-pay-garnished_.html