close
    1. Home
      2. ›
    2. Uncategorized
      3. ›
    3. We are walking away from our timeshare & owe 12,00.00 can the debt collection agency garnish our wages or tap into our bank account?
    We are walking away from our timeshare & owe 12,00.00 can the debt collection agency garnish our wages or tap into our bank account?

    We have tried selling, renting, advertising it & can't get rid of it, because of financial difficulties we have to let it go.

    Answer this
    +1  Views: 475 Answers: 4 Posted: 12 years ago
    Comment this question

      4 Answers

      The bank you have your mortgage with will try to sell it first. You will have to repay the remaining money. Whether or not a collection agency will garnish your wages is entirely up to the bank and the collection agency.

      12 years ago. Rating: 3
      Comment this answer

        Laws in different states vary.  Suggest you contact an attorney.

        12 years ago. Rating: 3
        Comment this answer

          Are you still having problems with your time share or did you find a solution to your problem? Very interested in your situation as we are in the same situation.

          11 years ago. Rating: 3
          Comment this answer

            A court has to give authorization to the bank or lending institution to seize your account and prior to that they have to inform you of legal action that may be taken. In PA that's how it works here.

            11 years ago. Rating: 2
            Comment this answer



              Did this answer your question? If not, then ask a new question.

              Top contributors in Uncategorized category

               
              ROMOS
              Answers: 18061 / Questions: 154
              Karma: 1101K
               
              Colleen
              Answers: 47271 / Questions: 115
              Karma: 953K
               
              country bumpkin
              Answers: 11322 / Questions: 160
              Karma: 838K
               
              Benthere
              Answers: 2392 / Questions: 30
              Karma: 760K
              > Top contributors chart

              Unanswered Questions

              > More questions...
              450514
              questions
              719134
              answers
              745448
              users