I'm just wondering if a collection agency or anyone else can garnish the money you have on a stored value credit card like wired plastic?? Wired plastic is not fdic insured 'not a bank' I live in N.Y thanks in advance.
In order to attach it they would have to find it. Tell me how they will find it and I can tell you how they can attach it.
Re: garnishment on stored value car Each transaction needs to be authorized. The logic of "you gave me your credit card number once for payment, therefore I can bill you again without your consent" will not hold up. The fraud implications are huge.
Re: garnishment on stored value car So what your saying is without giving out my cc number they wont be able to garnish it? Years ago a company found out that I had a job. How did that happen?
Re: garnishment on stored value car Do they know your SSN? If so, it's in the credit bureaus. I investigate fraud and pull SSNs in the bureaus all day long. It usually listed the last 1 or 2, sometimes 3, known employers.
Re: garnishment on stored value car Call me slow but I'm still confused. Here is my original question: Can a collection agency or anyone else can garnish the money I have on a stored value credit card like wired plastic?? Wired plastic is not fdic insured 'not a bank' I live in N.Y You replied if they can find it? what does that mean?
Re: garnishment on stored value car It meaqns that they would have to (a) know you have a stored value card and (b) which one. As long as you don't tell them either, they can't. Stored value cards look like debts ona credit report, not savings accounts.
Re: garnishment on stored value car oh ok that makes more sense. Do you know of a safe place to keep my money while I repair my credit. 'besides under my bed' thanks
Re: Re: garnishment on stored value car Travelers Checks. Can't be garnished and are replaceable if lost or stolen.
Re: Re: garnishment on stored value car hmm. might be an option but it seems that it might be too much of a hassle.
Re: Re: garnishment on stored value car They would have to know YOU HAVE IT... They would have to know HOW TO CONTACT THE BUSINESS THAT RUNS IT... They would have to know HOW MUCH YOU HAVE ON ANY GIVE DAY TO KNOW IF IT WORTH THEIR WHILE FILING WITH THE COURTS TO GARNISH IT...
