If you owe payday and cash advance loans will they garnish your income tax refund?
PASSIONS asked:
i owe a couple of cash advance agencies and theyre taking me to court for judgement will they garnish my income tax refund???
4 Responses to “If you owe payday and cash advance loans will they garnish your income tax refund?”
No, Income tax refunds are usually not touched unless it is for a debt involving Student Loans, Child Support, Tax Liens.
But depending on your state they could Garnish your wages, attach your bank account(s), or place a lien against any property you may own.
wouldn't it make more sence that they will garnish your WAGES..in order to get those payday loans..you would have had to told them where you work right?
so when they get the judgement, that's where they will look to garnish first.
They will only garnish your wage hence they are often called payday loans.
Generally only government agencies can garnish wages but the collections look bad on your credit and make you a risk to lenders when you are making a purchase requesting to borrow money, get some jobs, or rent a residence. the judgment on your credit looks bad too. bad credit doesn't seem like an issue until you get to be a little older and try to finance things, then you realize the impact those screw-ups had.