Sunday, July 11, 2010

Creditors Taking Money Out Of Your Paycheck

Creditors Taking Money Out Of Your Paycheck: "If a creditor has problems in collecting a debt from you, he has a few options at his disposal. One of them is to sue you and attempt to garnishee your paycheck. What this basically means is that, since he is unable to get the money directly from you, he is asking the courts to force your employer to take money from your paycheck and send it to him. To protect you and prevent abuses by the creditor, however, both the federal and state governments have enacted a set of rules as to how this should work."... (Click on title link above to read entire article on carnishment procedures by creditors.) ...