Legal Question in Credit and Debt Law in Florida
A local bank got my 90 year grandmother to sign "on the dotted line" for some very high interest credit cards (25%+), they took advantage and based on her very high credit score at the time, this was robbery. I want to negotiate to pay off the principal and a "reasonable" interest. In the negotiation I am not concerned about her credit rating as I am willing to let it go into default prior to negotiating, I actually prefer a bad credit rating so she doesn't get anymore offers.
But my question is this, I have read the rules about her SS income not being garnishable, but I want to verify that her small $500 pension is not garnishable as well most of my research indicates that a pension in Florida is not garnishable (this is also indicated on the Florida Bar website).
Can anyone give me an additional verification of this?
2 Answers from Attorneys
See my website under garnishment. Want to know the law? Sign up for our free newsletter on varies areas of the law by sending an email to [email protected] and requesting the newsletter, or go to www.ConsumerLawyerHelp.com
If the money is put into a checking and/or savings account that the bank does not maintain as a non levy acount, then they probably could reach it.
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