Legal Question in Credit and Debt Law in Florida

Banks garnishing wadges?

In November of '03 my car was repossed. The Bank gave me the option of paying $6600.00 to settel or $250.00 a month until balance was paid in full. I explained to them via phone that I would be willing to pay a monthly payment less than $250.00, never stating an amount. They said that they could not accept less than that and if I did not pay they would be taking me to court. I was the co-signer on this car with my god-mother listed first. She is now recieving phone calls stating that beging in April '04 they will be garnishing each of our check by 25% of our pay! Can they do this? Thank you for your time.


Asked on 3/11/04, 8:07 am

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Banks garnishing wadges?

If they have a judgment against you they can pursue collection which does include garnishment.

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Answered on 3/11/04, 8:37 am


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