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As debt deepens, wage garnishment rises - 4/4/2010 2:40:01 PM

Level

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quote:

PHOENIX — When the bank sued Leann Weaver for not paying her credit card balance, her reaction was typical for someone in that situation. Personal and financial setbacks weighed her down, and she knew she owed the $2,470. So she never went to court to defend herself.

She was startled by what happened next. When she swiped her debit card at the grocery store, it was declined. It turned out Capital One Bank had taken $224.25 from her paycheck, a quarter of her wages for two weeks of work at a retail chain, and her bank account was overdrawn.

http://www.nytimes.com/2010/04/02/business/economy/02garnish.html?bl

Why can't we just drag these deadbeats into the street, put them in stocks, brand their forehead with a big ol' "D", maybe whip them while we're at it? Televise it? Pay for view? Have a reformed Pink Floyd do the "halftime" show?

_____________________________

Fake the heat and scratch the itch
Skinned up knees and salty lips
Let go it's harder holding on
One more trip and I'll be gone

~~ Stone Temple Pilots

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RE: As debt deepens, wage garnishment rises - 4/4/2010 2:42:47 PM

pahunkboy

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PA is one of the 3 NON-wage garnishment states. I think the other is IN and ?

Only taxes, child support- and student loans can trigger such, in PA.

YiPPPEEE!

I can FEEL the JUBILEE!@!!!!

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Post #: 2

RE: As debt deepens, wage garnishment rises - 4/4/2010 3:06:08 PM

auditguy

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quote:

Why can't we just drag these deadbeats into the street, put them in stocks, brand their forehead with a big ol' "D", maybe whip them while we're at it? Televise it? Pay for view? Have a reformed Pink Floyd do the "halftime" show?

If we dragged all the "deadbeats" into the streets, who would be left to do the dragging? I mean this is epidemic, the ones that do not owe something or need a bailout for something else, have got to be in the extreme minority.

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Post #: 3

RE: As debt deepens, wage garnishment rises - 4/4/2010 3:06:11 PM

pahunkboy

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I cant think of the 3rd state. arghhhh!

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RE: As debt deepens, wage garnishment rises - 4/4/2010 3:08:47 PM

auditguy

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quote:

ORIGINAL: pahunkboy

I cant think of the 3rd state. arghhhh!

It is actually 4 states: North Carolina, Pennsylvania, South Carolina and Texas

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RE: As debt deepens, wage garnishment rises - 4/4/2010 3:09:53 PM

pahunkboy

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quote:

ORIGINAL: auditguy

quote:

ORIGINAL: pahunkboy

I cant think of the 3rd state. arghhhh!

It is actually 4 states: North Carolina, Pennsylvania, South Carolina and Texas

Are you sure??

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RE: As debt deepens, wage garnishment rises - 4/4/2010 3:12:39 PM

pahunkboy

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http://www.fair-debt-collection.com/state-wage-garnishments.html#44 here we go-

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RE: As debt deepens, wage garnishment rises - 4/4/2010 3:13:01 PM

auditguy

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Unless the laws changed within the year, I am 99.99% sure.

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RE: As debt deepens, wage garnishment rises - 4/4/2010 3:15:10 PM

pahunkboy

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I was wrong about IN.

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RE: As debt deepens, wage garnishment rises - 4/4/2010 4:37:14 PM

LadyEllen

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Nothing wrong with seeking enforcement actions to recover debts owed.

The problem here is the identity and line of business of the claimant; but what can one expect of crooks, even if they do wear suits?

E

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RE: As debt deepens, wage garnishment rises - 4/4/2010 9:24:36 PM

Silence8

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I seem to recall the etymology of the word 'debt' relating to 'guilt'.

I'd be all for a society where we weren't all mutually 'guilty'.

Also, a society where you don't start off life 6 feet under would be nice.

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RE: As debt deepens, wage garnishment rises - 4/4/2010 9:34:09 PM

Silence8

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quote:

ORIGINAL: LadyEllen

Nothing wrong with seeking enforcement actions to recover debts owed.

The problem here is the identity and line of business of the claimant; but what can one expect of crooks, even if they do wear suits?

E

When Brad Birkenfeld blew the whistle on UBS, he was sentenced to something like 3-4 years in prison. Meanwhile the billionaires and millionaires hiding 100s of millions in assets got what they pay in taxes -- squat.

Recently, reading about China's Yuan Dynasty, how corrupt it was, how much the commoners were squeezed, etc., I couldn't help getting the sense that we haven't really come that far.

Garnishing wages, high taxes on the poor and middle classes, inflated prices for literally everything, aid relief that never reaches those actually needing it -- the similarities abound. Even down to the way that rarely ever can ordinary people buy their houses or cars up front -- it all resembles one ancient form of exploitation: RENT.

American is a rental -- and treated as such.

(in reply to LadyEllen)

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RE: As debt deepens, wage garnishment rises - 4/5/2010 5:36:47 AM

LadyEllen

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Unfortunately thats the system we live in Silence8, and ultimately its a choice people make that they want the trappings of modernity that indebt them. I'm surrounded by people on benefits, living in social housing, yet they are each and every one more wealthy than I according to net assets, even having net assets of zero.

Could it be different? Maybe but I doubt it. Even the most successful revolution reverts to a similar situation of haves and have-nots before long, its only the places that change. And the haves will always do all they can to avoid any problems, whilst the have-nots by definition can do little in that regard. Is it right? of course not, but it is the way it is and has ever been and probably ever will be.

E

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In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.

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RE: As debt deepens, wage garnishment rises - 4/5/2010 5:47:17 AM

rulemylife

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quote:

ORIGINAL: LadyEllen

Unfortunately thats the system we live in Silence8, and ultimately its a choice people make that they want the trappings of modernity that indebt them. I'm surrounded by people on benefits, living in social housing, yet they are each and every one more wealthy than I according to net assets, even having net assets of zero.

Huh?

People choose to be poor?

(in reply to LadyEllen)

Post #: 14

RE: As debt deepens, wage garnishment rises - 4/5/2010 6:00:26 AM

LadyEllen

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No RML. People choose to indebt themselves. It is not necessary for our survival, reproduction, well being or happiness to have a car, a PC, a DVD player, a sofa et al - we choose to have those things and we take the easiest route to acquiring them - which usually means loans.

Our problem is our obsession with keeping up with the neighbours, our fascination with consumerism and our proximity to crooks who propose to make our lives complete with the next gadget on credit and our lazy acquisitiveness in signing for it all. Our problem is that most people are stupid and the few that arent will exploit them mercilessly, which is how its always been.

E

_____________________________

In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.

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RE: As debt deepens, wage garnishment rises - 4/5/2010 6:25:39 AM

pahunkboy

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Well- I had to delete one of my Bentleys this month
- and let go some of the staff - well the upstairs staff of my smaller yaught.

lol JK

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RE: As debt deepens, wage garnishment rises - 4/5/2010 6:37:45 AM

rulemylife

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quote:

ORIGINAL: LadyEllen

No RML. People choose to indebt themselves. It is not necessary for our survival, reproduction, well being or happiness to have a car, a PC, a DVD player, a sofa et al - we choose to have those things and we take the easiest route to acquiring them - which usually means loans.

Our problem is our obsession with keeping up with the neighbours, our fascination with consumerism and our proximity to crooks who propose to make our lives complete with the next gadget on credit and our lazy acquisitiveness in signing for it all. Our problem is that most people are stupid and the few that arent will exploit them mercilessly, which is how its always been.

E

Do you seriously believe most people go out of their way to put themselves in debt?

Some do, as you say, to keep up with the neighbors, but certain things are a necessity.

A car being a prime example if you live in an area with limited or no public transportation. And even public transportation can be inconvenient and unreliable.
I remember sleeping on a bench in Paddington Station when I missed the last train of the night.

(in reply to LadyEllen)

Post #: 17

RE: As debt deepens, wage garnishment rises - 4/5/2010 7:20:17 AM

LadyEllen

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Apart from water, food and shelter, everything else we want and have we want and have to improve our situation over that basic level of existence. We can even so live very comfortably above that basic level without taking on debt, but if we want to live in the 20th, let alone 21st century, then we will need to either have the means to do that or acquire the means - taking credit being the more popular route, enabling us to acquire the things we'd like without the need to have all of the means at one time.

People do not of course go out of their way to become indebted. But they do go out of their way to acquire improved living conditions, and that means they will accept credit if its on offer. I challenge anyone here to claim they never did likewise at some stage.

Dont get me wrong RML, I dont blame the people who took the credit and are now in trouble - theyre victims in this as much as their ancestors ever were to other forms of bondage, doing what they do for the right reasons in difficult circumstances where few other options are open for them. But it doesnt alter the fact that the mechanism is there with the only notable difference of late being the extent and availability of credit that has made the problems so much the worse. The nature of debt is that is must be paid, and this is where people have been duped into living on the never-never of late, with all comprehension of the actual situation being kept far from their consiences. Why people are stupid is linked to the cleverness of those who have put them in this position; they have been fooled into not understanding.

As far as I am concerned, the banks can go rot in hell (my kids will tell you, the only time I shout at the TV is when bank commercials come on - "we're your friends" - yeah, right). But the ordinary person should also be noting all this now and getting the understanding as to what has happened and their part in it, and choosing to row back from the "buy this crap now, pay later and forever" model, so as to never get caught up in it all again.

E

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In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.

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RE: As debt deepens, wage garnishment rises - 4/5/2010 8:07:01 AM

Aneirin

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I agree with you LE, the banks can indeed rot in hell, for they deserve it. From my understanding, it was the banks and other financial institutions that enabled the easy credit culture many have been brought up in, they don't really need to seek it, because it is always offered, they are educated into believing that, because that was what this country seemed to be about in the last decade or so. Yes, personal responsibility comes into it too, but the drive we all experience to buy this, buy that, and buy the other latest gadget to fill the hole in your life has been enabled by a so called consumerist age, even the government seem keen on promoting. We were an industrial nation, now we are a consumerist nation.

I wonder sometimes, just what is the eventual aim of all this easy credit, just what is the design, and think could it be the financial instititions and their controllers seek the control of this country via personal debt. As for fairly elected politicians, well from a debtors point of view, who they want in the big seat, is the person who is proficient at keeping the interest rates down, sod everything else, as everything else pales into insignificance when it is your pocket that is under attack. So, for example, if say Nick Griffin of all people was the most proficient at the job of controlling the banks and keeping the money in the pocket of the populace, he despite what he stands for would be the obvious controller we need. I would hate to see a system like that come into power, as that has opened the door to the loonies, that have been kept at bay for so long.

From what I understand from the people whom I socialise with, it does really seem like a case of them and us, perhaps the them and us that has always existed, the aristocrat/peasant, middle class/working class, blue collar/white collar etc, but now there is another variable, the banks and their thugs being the other. I say thugs, because everyone I know has had the doorstep recovery people and heavy pestering to pay debts owed.

When dealing with banks though, it is always worth remembering ;

Banks are all too keen to give you an umbrella when the sun is shining, but when it's raining, they take it away.

< Message edited by Aneirin -- 4/5/2010 8:13:49 AM >

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Everything we are is the result of what we have thought, the mind is everything, what we think, we become - Guatama Buddha

Conservatism is distrust of people tempered by fear - William Gladstone

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RE: As debt deepens, wage garnishment rises - 4/5/2010 11:12:21 AM

servantforuse

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Whatever happened to personal responsibility ? Ignoring court dates is just plain idiotic.

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