Title : When Can Creditors Garnish My Wages?
link : When Can Creditors Garnish My Wages?
When Can Creditors Garnish My Wages?
One way a savvy creditor can make sure they get paid is to file a wage garnishment. A wage garnishment is a tactic commonly used by creditors where they take a portion of your check. Wage garnishment laws vary from state to state. Missouri wage garnishment laws state that creditors can take up to 25 percent of your paycheck or up to 10 percent if you qualify as head of household.
Creditors love to use garnishment as a scare tactic, and often tell people who are behind in payments that they will put a garnishment on their check. However, creditors have to follow certain legal procedures before they will be allowed to garnish your wages. If you fall behind in payments, the creditor may file a law suit against you to collect the debt, and obtain a judgment against you for the amount you owe. Once the creditor has received a judgment, they can then file paperwork with the court to have your wages garnished.
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