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Tuesday, October 22, 2013

Checking Account Garnishment

Checking Account Garnishment

If youve ever been subjected to a checking account garnishment in the past, you know firsthand that the garnishment could end up costing your more in bank fees that the debt that caused the garnishment in the first place.

The basics of garnishment are this: You dont pay a debt, so the debt collector goes after your checking account, freezes it, and seizes the debt from your accounts involuntarily. If there isnt enough money in your bank account to pay off what you owe, the creditor seizes what you have. Youre angry, struggling, but you figure youre in the clear....and when you deposit more money, the collection agency seizes that too.

And Lord help you if you happen to have outstanding checks and debits that havent cleared when the bank account freeze goes through. When those checks and debits hit the bank, the bank cant pay them due to the account freeze. Of course, the money is still in your account at this point, but that wont stop your bank from hitting you with a non-sufficient funds fee each and every time a check or debit goes through while your account is frozen.

How thoughtful.

That checking account garnishment will cause your checks to bounce.

Checking Account Garnishment Requires a Court Judgment

Like all forms of involuntary collection, checking account garnishments must be preceded by a lawsuit and judgment. Ive said it over and over and Ill say it again: If you get a summons from a collection agency, you absolutely MUST respond to prevent this from happening.

Does responding necessarily mean youll win the suit? No. Does it give you one hell of a better shot of protecting your money? YES. You see, a collection agency wants an easy kill in the form of a default judgment. By responding to the summons, you are demonstrating that you wont go down without a fight and many collection companies will simply back off.

After the Court Judgment in the Collection Agencys Favor

After the company gets a judgment against you, it will begin the process of hunting down your bank account. If youve ever made a payment to a collection agency via check or bank draft rather than a money order, theyve logged your account information just in case they ever need to garnish your checking account.

So the collection agencys attorney marches down to the courthouse about a week after the final judgment is entered to pick up a certified copy of the judgment. Hell then use that certified copy of the judgment to request a writ of garnishment. If the collection agency knows where you bank, it will merely have the collection attorney forward the writ of garnishment to your bank which will promptly freeze your accounts. If it doesnt know where you bank, it will start contacting banks in your area and looking for your money.

Now, privacy is a big deal for banks, but if an attorney calls and demonstrates to the bank that he has just cause for the bank to disclose personal information about you, it will. Dont think your bank will protect your information if youve managed to hide from the collection agency. It wont.

Banks cooperate with collection agencies

Joint Accounts and Checking Account Garnishment

Sharing an account with another person, unless that person happens to be your spouse or long-term partner, is always a terrible idea. Unfortunately, people do it all the time. Boyfriend/girlfriend accounts, Parent/child accounts, roommate accounts, you name it. In most states, collection agencies have the right to seize half of all of the assets contained within a joint checking account.

So, lets look at the following scenario:

Example

Marys boyfriend Mike has bad credit and, as a result, cant seem to get a checking account of his own. Mary feels sorry for Mike as he has told her his bad credit really isnt his fault. She adds him to her bank account to help him keep his money safe. Mary currently has $5000 in her checking account. Mike promises not to keep much money in the account, just his monthly rent, which totals $800. On the 15th of each month, Mike deposits $800 into the account and pays his rent via check on the 1st.

One of Mikes creditors, a collection agency, files a lawsuit against him. Mike ignores the lawsuit. The creditor tracks down the checking account that Mike shares with Mary and freezes it on April 7. Mike has already paid his monthly rent and has yet to deposit the next months rent. Thus, none of his money is present in the account.

Marys bank account remains on hold for 21 days. Mary continues to make purchases on her debit card for an entire week before being notified that her account is frozen. During this time, 15 debits hit the bank and Mary is charged 22 NSF fees at $30 each.

After 21 days, the bank releases the account after granting the collection agency half of its contents. At this point, the bank account contains only $1840 of the original $5000. $2500 went to the collection agency while the bank withdrew $660 in fees.

Mike, whose money was not present in the account, lost nothing.

Unfair? Absolutely. Common? Oh yes. At this point, Marys only recourse is to sue Mike for the $2500 he owes her...she likely doesnt have grounds to sue him for the bank fees, but she can try. Unfortunately for Mary, a lawsuit against Mike is only fruitful if shes there to pay his debt. In addition, most individuals who suffer through this scenario wont sue because they love the person (are you getting nauseated yet?).

Of course, when they actually do decide to sue, after the relationship has ended, often the statute of limitations on a lawsuit has expired...leaving them to learn a very hard and unpleasant lesson about relationships and money.

Even worse, some states allow checking account garnishment of an entire joint account, rather than just half. Scary, eh?

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Wednesday, May 22, 2013

Checking Your Home for Radon

Before checking your home for radon levels, youll have to learn about radon first as well as effect on human creatures. What is radon initially? Radon is a radioactive gas that can cause cancer. In fact, it actually was identified as the second develop into of lung cancer in the united states. This is invisible on the naked eye and its really odorless too, making it problematical to detect.

What are acid reflux disorder radon?

Our planet to be able to filled of radioactive variables. Most of them are buried under the Earths surface. Once these components decay, they produce Radon. The majority of the richest radioactive elements in this field is Uranium, which can be as durable as the life individuals planet. As this decline, it produces Radon, thus outright present. Although it normally found underneath the Worlds surface, it can find its way to your residence and expose you this is for dangerous risks.

How to examine your home for Radon?

This makes it crucial you check your home. But how can you do that? To look at your home properly, you need to gain as much information you can. The US Environmental Protection Agency can present you with the essential information there is little. You can also straight talk web site of alienation Radon Information Center.

You can check how much radon in your at home using a kit that money can buy. The kit comes instructing you on how to use this. Make sure that buy a kit that passes there has been set by the EPA to make sure that it will deliver good results. After using the tools, you will be encouraged to seal it. Follow the directions carefully as instructed near the kit. You will should really send it to the designated laboratory on to analyzed. Kits normally physical games pre-address envelops for the good lab. There are kits that are meant for long-term use. You can invest in them the local surf forecast in an area known for high cholesterol radon.

You can also high a tuned to check your to carry out. These professionals are trained to make sure that your home is along with examined. Before you set aside one, check their stock portfolio first. How long dermatologist testing homes and get from it their clients say in it.

Reducing Radon levels:

Discovering radon of your dwelling puts you at menace. This is why a person always has to exert efforts to shed that. No particular level of radon has being best known as safe. However, reducing its level will surely reduce the risks alike.

There are various known remedy to reduce radon. You wants a vent pipe system and fan or maybe a soil suction system. Where, you have to are aware that the method you will use depends upon the kind of house you have and also other relevant factors. You can test out your home using short-term radon guides. If it reports bigger radon level, then run test again or use a long-term kit. However, the best reaction you can have is to look around Certified Radon mitigation website.

Radon is a serious threat and your health. This is why you have to check your your regularly for radon levels and apply easy methods to reduce it.

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