Knowledge
One Consequence for Defaulting on a Loan Is to Have Your Wages Garnished: What Does This Mean?
Introduction Defaulting on a loan can have serious consequences, including damage to your credit score, difficulty obtaining future loans, and legal action. One of the most common consequences is wage garnishment, which allows creditors to seize a portion of your wages to satisfy a debt. Understanding what wage garnishment is, how it works, and what […]