Have you received notice that you’re facing wage garnishment? That can be a scary thing – depending on the creditor, it may mean losing half of your income or more. Your employer is bound by law to go ahead with the garnishment, so you can’t stop it by appealing to them. So, what can you […]
Debtor’s prison isn’t supposed to exist anymore. We recognize as a society that it doesn’t make sense to incarcerate someone for paying back a debt – they’re certainly not going to be able to pay it back from prison. However, a disturbing new trends suggests that debtor’s prison may be making a sneaky comeback. Student […]
Last updated Feb. 23, 2018. In the 18th century, debtors’ prisons were a popular way to punish those who didn’t pay their bills in Western Europe and the U.S. By the first part of the 19th century, however, they went out of favor — the debtors couldn’t work to pay off their debts while in […]
Student loan debt is a heavy burden to bear. About 70% of students in public and nonprofit school graduate with student loan debt and the average level of debt nationally is about $30,000. California students in public and non-profit schools are actually in a better position than most of the rest of the nation – […]
Last updated December 7, 2015. Bankruptcy is a way to clean your financial slate. Through the bankruptcy process, you can discharge credit card debt, medical debt, and even some back taxes. Bankruptcy will hold creditors at bay while you get your finances in order; it protects you from wage garnishment, repossession, bank levies, and foreclosure. […]
When you’re dealing with debt, it may feel like you don’t have options. You’re afraid that you’re arnoing to end up in court, which can lead to bank account levies, property seizure, and wage garnishment. Thankfully, that’s not your only option. Debt doesn’t have to land you in court. Work with Your Creditors Your first […]
Last updated March 28, 2017. Unsecured creditors, like credit card lenders, must obtain a judgment against you before they can attach assets in satisfaction of past-due debts. They do this by suing you for what you owe. Most people rightfully owe the debt and fail to respond to the collection lawsuit. As a result, the […]
Last updated Jan. 18, 2018. If you have defaulted on debt, then your creditors may sue you to obtain a “wage garnishment.” A wage garnishment is where your employer deducts money from your pay and then delivers that money to your creditors. The type of debt that you owe will determine how much can be […]
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