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originally posted by: DoctorBluechip
a reply to: FyreByrd
Sounds a bit like robbing Peter to pay Paul , ouch
originally posted by: VeeTNA
I read somewhere it was only past-due child support that would be garnished.
??
It is money that people would have to pay back at some point anyway.
originally posted by: CriticalStinker
a reply to: FyreByrd
Not to spin it, but we're looking at default levels similar, if not potentially worse than those in 08'.
Now, the government isn't helping by incentivising loans with low interest rates... Which I've personally seen an uptick in unsolicited offers myself for new lines of credit...
We're in a really bad situation right now, one that I'd put blame on the government in a lot of ways. But I think the biggest problem in society is the perceived bigotry behind the notion of personal responsibility.
Yup, if you are in debt to the bank, they will do what they can to get back what you owe them. No one put a gun to your head and forced you to get a loan. I understand life sucks sometimes, but the only way we grow as a nation is if we go back to seeing personal responsibility as a civic duty. Maybe when we do that everything else will fall into place.
originally posted by: Spacespider
a reply to: FyreByrd
well.. outstanding debts is outstanding debts...
It is money that people would have to pay back at some point anyway.
originally posted by: JinMI
a reply to: CriticalStinker
No argument but there is just no foreseeable way to get back to what it used to be.
On topic: this has the same avenues as an income tax refund. If you are in default, the debt collector that has been authorized can seize the funds. It sucks but is not uncommon.
Ask anyone who has had to go through friend of the court.
originally posted by: rickymouse
I figured this already, by reading what couldn't be an issue, you can determine what can be an issue. If someone has a judgement against a person and that judgement was linked so they could take money from that person from their bank account, it is only protected up until the point it enters their bank account. Then it can be removed at that point using the settlement by the court to justify it. It can be seized for child support before the fact though.
Hospitals and collection agencies will get a high percentage of the stimulus money from people.
originally posted by: VeeTNA
a reply to: Ksihkehe
We've now sunk to making deadbeat parents victims in order to demonize Trump and people he appoints.
We? Kimosabe?
Deadbeat parents are deadbeat parents. Their kids are the victims.
If the stimuls payment for the parent is garnished to pay back child support, then it goes to those kids... just sayin'.
Yeah it's disgusting...and oh look, it brought out the disgusting know it alls to the chat.
originally posted by: VeeTNA
a reply to: VeeTNA
Treasury Offset Program (from .gov)
Economic Impact Payments:
On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, which, among other things, authorizes economic impact payments (also referred to as “stimulus payments” or “recovery rebate payments”) to eligible individuals. For details on these economic impact payments, please visit www.irs.gov/coronavirus.
I owe delinquent debt. Will my economic impact payment be offset?
The economic impact payments can be offset through the Treasury Offset Program (TOP) only to collect delinquent child support obligations that have been referred by the state to TOP.
How much of my economic impact payment can be offset to satisfy my delinquent child support debt?
Your entire economic impact payment can be offset, up to the amount of your child support debt.
Ruh roh
originally posted by: missed_gear
originally posted by: DoctorBluechip
a reply to: FyreByrd
Sounds a bit like robbing Peter to pay Paul , ouch
Ignoring child support not the same? Or just negligence on the person? Despite the fact, most states pay and bill the financially outstanding parent....
Collect the court ordered arrears...good. They knew they we owed.
Mg
originally posted by: ABNARTY
a reply to: Spacespider
It is money that people would have to pay back at some point anyway.
No! In this case the people are not paying back their debt. You and I are paying back their debt! We are ensuring the lending entity is covered. Perhaps they lent to those who should not have been lent to. So now you and I are making good on risky lending practices and those who have no plans to repay their debt.
This is not a sound idea no matter how anyone cares to spin it.