garnished

If you default, hit your credit, and get your wages garnished, you'll be in a worse spot.

This is terrible advice; depending on the state, you can have your wages garnished and funds in accounts seized.

But with this many people getting wages garnished, and the collections agencies getting more and more draconian?

One in 10 working Americans between the ages of 35 and 44 are getting their wages garnished.

If you have wages they might be garnished, and if you have assets they may be seized.

Collateral would be collected, wages would be garnished, you wouldn't be able to secure credit, etc.

You couldn't sign it away, it couldn't be garnished, you can't lose it in divorce, nothing.

Such an idyllic trade deal would benefit everyone, make everyone better off, and would be garnished by the approval of everyone.

>> the judgment against Perkins will be suspended based upon her inability to pay Does this mean garnished wages or something similar?

And the money that is being garnished is to pay back the creditor for the money and/or services that the debtor received.

They must have a lawsuit filed against them, be served with a summons, get a judgment against them, and finally have their wages garnished.

The Marikana massacre in 2012, which was the worst example of post-apartheid unrest can be traced to ignorant mineworkers having their wages garnished by creditors.

Millions are having wages garnished over "credit card debt, medical debt, and student loans." No breakdown is given among categories.

He later married her (though they were living together even before the kid), but was still having his wages garnished for something called “child support”.

There are towns in the USA re-introducing debtors prisons ("poor houses") where people who have defaulted on debt repayments can live in penury, having their wages garnished by the state before they get hold of the money themselves.