Debt Collector Says It Will Take My Wages Or Assets

by Ignacio
(Santa Maria, CA)

A debt collector says it has bought my collection debt and says they ve been trying to get a hold of me for a while and finally does get a hold of me and says they are going to garnish wages or take other assets , they say its in the attorneys hands, i never went to court or had a chance to respond to any of this , can they do this ,this debt is about 4yrs old ,by the way im in ca.

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Jun 30, 2011
 Debt Collector Says It Will Take My Wages Or Assets
by: Debtcollectionanswers.com.

Your wages cannot be garnished nor can any of your assets be taken from you without your being sued first and you lose the lawsuit. If you are sued, you will be served with an official notice of the lawsuit and be given an opportunity to file a formal response to the lawsuit with the court.

The statue of limitations on most personal debts in CA is 4 years, so it's very important for you to find out whether the statute of limitations on your debt has or has not expired. Generally, the statute of limitations begins on the date that you made your last payment on a debt.

If you need help determining whether or not the statute of limitations on your debt has expired, contact a consumer law attorney in your area who helps consumers resolve debt collection problems. Your initial appointment should be free.

If the statute of limitations on your debt is still in effect, you can be sued for the money you owe. If it has expired, you cannot be sued, although debt collectors can continue contacting you about the money that you owe. Also, if it has expired, DO NOT admit to anyone who contacts you about your debt that you owe the money or offer to pay anything on the debt. If you do, you could reactivate the statute of limitations, which means that it would begin running all over again, and you would be at risk for a lawsuit once again.



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