Let’s talk about a common query, Can debt settlement stop wage garnishment? Yes, it can.
Well, before knowing it, first you need to understand how your wages can be garnished? A creditor can get a judgment against you, by suing you in the court for nonpayment of debt, and winning the lawsuit for wage garnishment. In this situation, your employer can give a portion of your monthly paycheck, about 25% to 60%, directly to your creditor.
So, now, how can you stop wage garnishment with the help of debt settlement? Read Full Story..
Most of the times, your creditor will prefer to receive 1 lump sum payment instead of the full amount in smaller periodic payments.
So, your creditor may agree to settle the debt for less than what you owe to them. If you can pay the amount, you can avoid wage garnishment. Now, you can negotiate with your creditors on your own, or take help of a settlement company. It's now time to pay the settled amount, and stop wage garnishment.
Get your full paychek.