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That depends on who you owe the debt too, do you owe the debt to the IRS or another government agency? Yes, they can take your stuff and garnish your wages. Do
by ovulator 7y ago
That depends on who you owe the debt too, do you owe the debt to the IRS or another government agency? Yes, they can take your stuff and garnish your wages.
Do you owe the debt to American Express? It depends on the state in the US, they can sue you, and try to garnish wages and take assets that way. But some states have laws against things like wage garnishing, it also costs money to sue some one. So if $costToSue > $expectedDebtRecovery they aren't going to sue. They usually just sell the debt to a collections agency who just calls you relentlessly trying to get you to pay, and since the collection agency bought the debt so cheap, they aren't going to throw more costs to collect the money by suing. If they can get any money out of you just by calling, it's a win for them.