Legal Question in Credit and Debt Law in Missouri

Wage garnishment

my wages are being garnished and have been for almost a year. i understand that in the state of missouri wages can only be garnished up to a 180 days maximum and then a new order is obtained if not paid off. my question is regarding the accumulating interest because the interest has accumulated almost a 1000.00 in 1 month and as this was for vehicle repossession and the interest was figured into the original loan how can it still be accumulating at this rate. it will never be paid off. also, each new order does not reflect what has been paid to date which again allows for inreased interest-i still owe a total of 2585.13 of which 2289.75 is interest. does not seem right to me. one other item. the original order was established 12/2005 and i have been told was not enforced for almost 4 months because no one kneww where i was. this information from the loan company to the court or whoever when in face they-loan company-did know where i was living as vehicle was take from the home and knew my place of employment as they informed by myself of the address and i received telephone calls from them at work. again interest accumulating. this just does not seem right. is there any recourse i have in this matter


Asked on 4/18/07, 2:01 pm

1 Answer from Attorneys
Anthony Smith LawSmith

Re: Wage garnishment

If you pay the balance all at once, the interest will stop. If you cannot pay off the debt, and you believe teh new garnishment interrogatories are including an old principal figure, then you should fiel a Motion to quash or recall the iterrogatories.

As to the four months of inactivity. The Judgmetn creditor has years in which to start collecting a judgment. The post judgment interest accrues during this period. If you feel that you are being charge dinterest on interest, you may want o hire an attorney to try to stop the collection. there appears to be a dispute in Misssouri as to whether you get interest on interest, or jus on the outstanding principal. If it is the former, then they may be figuring yours correctly, or close to it. If it is the latter, then you have been overcharged, and may even have money coming back. under the figures your mentioned, I do not see how your debt could accrue a $1000 interest in one month. Something does not sound right there.

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Answered on 4/24/07, 3:49 pm


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