Once a court grants a deficiency judgment to the creditor, the creditor may be able to take various actions to collect payment. The creditor can put a lien on your bank account or garnish your wages, depending on state laws. How long does the lender have to obtain a deficiency judgment? That depends on the… Read More »
If you owe money, it may come as a surprise to find out that a creditor can garnish your wages, leaving you to take home a smaller paycheck. When debt mounts up and creditors become serious about collection efforts, they sometimes resort to garnishment. Wage garnishment is a court order that allows a creditor to… Read More »
Wage garnishment is a powerful collection tool for creditors as a way to force you to pay them by taking money directly from your paycheck. With wage garnishment, creditors get a court order to take your wages straight from your employer. The sheriff presents your employer with papers that order him or her to make… Read More »
