A wage garnishment is an order to withhold a percentage of your pay that a creditor or a government agency sends to your employer. Most creditors have to obtain a judgment to garnish your wages. State and federal agencies may not need to seek a judgment. For instance, the Department of Education can issue an administrative wage garnishment for defaulted federal student loans. The amount taken from your wages depends on your individual circumstances and the type of debt involved. You may have several options to resolve a wage garnishment. These options include: Objecting to the garnishment: You could try objecting to the wage garnishment. For instance, you could argue the creditor is taking too much money from your paycheck. Creditors cannot take more than a specific percentage of your income. You may also be able to object if the creditor did not give you warning of the garnishment or…
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The information listed in your credit reports has an important effect on your financial life. Your credit scores are created by the information in your reports. Credit scores determine whether you can receive favorable terms for financial products. While employers do not pull your credit scores, they may consider the information in your reports before extending a job offer. You can monitor your credit ratings and reports throughout the year. By checking your credit, you could: Determine your credit worthiness: Your credit reports and scores are good indicators of your financial standing. Keep in mind, even if you do have poor credit scores or negative information listed on your report, you can always set goals to improve both. Fix mistakes on your reports: If your credit scores drop suddenly without any explanation, it could indicate that incorrect information was posted to one or more of your credit reports. You may…
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Unexpected hospital bills, burdensome credit card debt and other expenses can quickly pile up and damage credit scores. Having bad credit can lead to numerous consequences, affecting the ability to find jobs, rent apartments, take out mortgages and lease cars. Bad credit can hurt your ability to find employment, as most employers do background checks that pull credit reports. For job seekers looking to get into banking or other professions that require a high degree of ethics or confidentiality, poor credit reports can be especially disastrous. Poor credit scores can make it very difficult to rent apartments, as leasing offices require thorough financial background checks before tenants can move in. Leasing offices will shy away from potential tenants with too many negative marks on credit reports, believing they may skip out on rent. Mortgages can be much more difficult to obtain with poor credit scores. Potential homeowners with poor credit…
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*Credit card payments will not be accepted for bankruptcy cases, unless pre-approved by The Sader Law Firm. If you have a question about a credit card payment, please call our Office Manager at (816) 561 1818.
Sader Law Firm is a Debt Relief Agency. We help people file for Bankruptcy Relief under the Bankruptcy Code. The information contained on this website is not to be construed as legal advice. It is not intended to solicit or form an attorney-client relationship. We do not guarantee any result and prior results do not guarantee a similar outcome. This is an attorney advertisement and this website is for informational purposes only.
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