Consolidating credit card debt personal loan
As if garnishment was not bad enough, laws in at least 22 states go much further.
You can have your driver’s license and or professional license suspended.
Bloomberg reported that Iowa has suspended nearly 1,000 drivers licenses.
Collectors are using these laws to motivate borrowers to get loans in default on a payment plan and up-to-date.
“It’s more of a deterrent than » Read More Share If you are getting collection calls for any unpaid debt that you owe, the best way to handle them is to speak to the collector and find out everything you can find out about that debt. Make sure the amount is something you remember that you failed to pay.
Verify the amount owed is approximately what you thought you owed.
Before I go thru the specifics of ‘garnishments”, let me preface this by saying I am not an attorney. This article is not intended in anyway to be “in lieu of” obtaining advice from an attorney.
Share One in ten Americans are having their wages garnished according to Automatic Data Process Inc.Other types of debt can range from 15%-25% of disposable earnings.The Federal Wage Garnishment Law, Consumer Credit Protection Act’s Title 3 (CCPA) gov/whd/garnishment dictates what percentage can be garnished from an individual’s paycheck.Your Credit Score will be the number one factor that determines if your loan is approved and what your interest will be.» Read More Share Debt Settlement is a legitimate industry that helps consumer settle their debt for less than they owe.