Smack Debt Consolidation Services

Depending on the laws in the state you live, a debt collector may or may not be able to garnish your wages. Every state has its own set of laws which define which property is protected from creditors and debt collector and what can be seized by them. Some states like Texas do not allow any wage garnishment at all. Most of the other states regulate how much can be garnished from your wages and in most cases, after wage garnishment not much is left on the table for your expenses. You also need to be aware that there are federal rules and regulations on wage garnishment. Your state may be simply following the federal rules instead of making up their own rules.

The wage garnishment laws do not apply if you owe money to the state or federal government. So if you even live in a state like Texas, your wages will be definitely garnished to pay off child support or student loan.

Your bank, credit card companies, debt collection agencies and hospitals may actively pursue wage garnishment to recover any debt you owe them.

There are only two way out of this wage garnishment issue.

A>Find a part time job and use all the money you earn to pay off your debts.
B> File for bankruptcy. Bankruptcy will stop the wage garnishments provided the court allows your debt to be discharged.

Most of the debt advisors recomment you avoid the bankruptcy route. This option will haunt your credit for a decade to come. Instead get a part time job, live frugally, save enough each month and start paying off your debts.

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