Wage Garnishment
What is Wage Garnishment?
This process is often done when someone has yet to pay what they owe, and a third party is necessary to receive payment.
Wage garnishment is when a certain amount of money is withheld from the debtor’s paycheck to pay off a debt. In most cases, courts will order the employer to garnish wages until the outstanding debt is paid.
Wage garnishment is a more aggressive option when it comes to debt collection, so it’s not the first approach that most debt collectors take. Many see this as a last resort option.
To determine whether wage garnishment is necessary, the debt collector will take the debtor to court to proceed. Every state has different rules that can limit wage garnishment.
Since every situation differs, the wage garnished from a person’s paycheck can vary. It depends on how much the person earns, their debt, taxes, and the percentage of their disposable income.
Why We Do It
If someone owes you and isn’t paying, you may wonder if wage garnishment is a good option. While it is usually a last resort, the good news is that garnishment can often be applied to almost any situation.
This option may be pursued in areas of unpaid debt like student loans or consumer debt.
If you are looking to Creditors Specialty Northwest for help, you may have someone who needs to pay a bill or debt they owe you. If this is the case, you should understand how this process works and how you will get your money.
We are dedicated to providing the best possible outcome for our clients so that you get what you are owed. We focus on ethical practices and on finding the best solutions for every situation.