Wage garnishments are a legal remedy whereby a portion of your paycheck is withheld for payment of debt. Often through a court order, a creditor can legally take money from your paycheck to pay off a debt owed to them. If you’re receiving benefits such as stimulus checks, unemployment, or social security, this money is …
On behalf of Debt Advisors, S.C. Many Americans look to their 401ks as a way to stem the tide of short-term financial issues. According to research by the Employee Benefit Research Institute, nearly 20 percent of eligible participants choose this option, mainly to avoid foreclosure of their home or repossession of vehicles. They borrow against …
On behalf of Debt Advisors, S.C. What is Wage Garnishment? Wage garnishment is a legal remedy that allows a creditor to take money directly from a bank account or you paycheck. If the creditor sues you to collect a debt and wins a court judgment against you, the creditor can ask the court for an …