Legal Question in Credit and Debt Law in Missouri

can a financial org garnish wages if you are making voluntary monthly payments? is there a minimum amount you can pay monthly to avoid garnishment? car recently repossessed with aprox $15000 owed on loan


Asked on 10/03/09, 5:46 pm

1 Answer from Attorneys
Michael R. Nack Michael R. Nack, Attorney at Law

The lender can sue you for the deficiency balance, and then garnish your income or your bank account after the lender obtains a judgment. Your payment of installments will not legally prevent the lender from pursuing collections. However, you may be able to protect yourself if you hire an attorney.

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Answered on 10/03/09, 11:01 pm


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