Perhaps. State's enact laws that protect the consumer debtor's real and personal property. The concerned party should research the laws of his or her state relating to the garnishment of insurance and private retirement benefits for debts owed.
Please note, all Social Security benefits are exempt from garnishment for creditor debt, also military benefits, government pension annuities and federal or state public assistance monies.
The concerned party should also keep in mind that even if such funds are exempt from creditor attachment it is still possible for a creditor to execute a judgment against a bank account where exempt benefits and non exempt monies are comingled. It is always preferable to hold protected monies in totally separate accounts.
-revolving credit -a credit limit -monthly statement -enable cash advances -minimum payment required -insurance offered
No
A credit card company can garnish you wages if they successfully sue for the owed funds in court. They cannot garnish wages before going through the court system.
In Indiana, a credit card company can only garnish wages if there has been a judgment against you. If they sued you, and you lost or did not show, and the Judge determined you owed, they can garnish you. They can not do it on their own.
Credit cards are not assets, there's nothing to garnish from them.
-revolving credit -a credit limit -monthly statement -enable cash advances -minimum payment required -insurance offered
Paying your insurance premiums do no report to any credit reporting bureaus.
No, there is no credit card that offers health insurance for anyone, anywhere. Credit cards do come with benefits but not health benefits or anything that has to do with health.
There is no such thing as credit insurance, however there is credit monitoring services. These services require you to pay a monthly fee and in return, a company will monitor your credit for fraudulent activity.
It depends on the policy and your credit rating. Some insurance companies allow you to pay monthly, in advance, for your insurance. Many want 3 to 6 months in advance.
no way
No. All SS benefits are protected by federal law and are exempt from garnishment by judgment creditors.
Credit insurance is a type of life insurance policy purchased by a borrower that pays off one or more existing debts in the event of a death, disability, or in rare cases, unemployment. Credit insurance is marketed most often as a credit card feature, with the monthly cost charging a low percentage of the card's unpaid balance.
Social security and retirment benefits cannot be attached by a judgement from creditors.
No
A credit card company can garnish you wages if they successfully sue for the owed funds in court. They cannot garnish wages before going through the court system.
In Indiana, a credit card company can only garnish wages if there has been a judgment against you. If they sued you, and you lost or did not show, and the Judge determined you owed, they can garnish you. They can not do it on their own.