Can Credit Card Companies Garnish Military Retirement Pay?

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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.

Tip 1 - New Federal Rule Protects Benefits from Garnishment | Credit.com

Published: 9 years, 4 month(s) ago | Submitted by Jill luciani | permalink

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]

Tip 2 - Can Lenders Garnish Pension Benefits? | freecreditreport.com®

Published: 9 years, 4 month(s) ago | Submitted by madison klett | permalink

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]

Tip 3 - Can Credit Card Companies Garnish My Wages? | Nolo.com

Published: 9 years, 4 month(s) ago | Submitted by Key 8 | permalink

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]

Tip 4 - Can Military Retirement Pay Be Garnished? | eHow

Published: 9 years, 4 month(s) ago | Submitted by Frumpco OC Fourmscom | permalink

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]