I took out a loan and now I cannot repay it at this time what can they do to me can they garnish my wages
Yes. Creditor nay commence collection activity if loan in default.
No. Creditor may not immediately proceeed to garnish wages.
Before creditor can garnish your wages, they must obtain money judgment based on the default.
I recommend talking to the lender. Sometimes they will extend the payments over several months. Generally, you will not be eligible for another payday loan through any company while this loan is unpaid.
This answer is offered as a public service for general information only and may not be relied upon as legal advice.
They can sue you to obtain a judgment. They may seek to levy your assets and/or your wages. Consult an attorney for a free consultation.
Our Rating is calculated using information the lawyer has included on their profile in addition to the information we collect from state bar associations and other organizations that license legal professionals. Attorneys who claim their profiles and provide Avvo with more information tend to have a higher rating than those who do not.What determines Avvo Rating?Experience & background
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline