Having your paycheck garnished is considered the last option for a debt collector when they are attempting to collect a debt from you. After months of phone calls, letters, and other forms of communication, they have the option to have a judgment placed against you in order to get the money you owe. This is taken from your paycheck each pay period until they get the entire debt. They can also gain access to your bank account through a bank levy to get paid. The following are some things that you will need to do in order to proceed:

Try To Work Out A Different Deal

If you are being garnished, it is very possible that the debtor will take whatever amount they choose, no matter if it will put you into a bad financial position. To do this, you will need to call your creditors and ask for other payment options. To determine an amount that you will be able to pay, look at your budget to see what you are able to comfortably pay. Keep in mind that they may counter offer your position, so be prepared to pay more that what you want.

Object To The Judgment

If you think that the judgment for garnishment has been placed against you in error or was not executed properly, you can object to the judgment in court. You can do this yourself, but you will have to do it fast because the creditors will begin setting up garnishments almost immediately after the judgment. An attorney can be very helpful with this.

Deal With The Garnishment

If you have considered all other options, you can simply deal with the garnishment. If you are cooperative and pay your debt on time, you will get past the issue and there will be less stress on your life. You can opt to pay the garnishment in installments, but you could also pay the lump sum if you can come up with the funds. Take out a personal loan, use a tax refund, or borrow from a family member if the garnishment is taking a toll. Getting rid of this debt once and for all will be so satisfying.

Getting a garnishment on a debt can be very frustrating and damaging to your financial well-being. To better understand the process and discuss all your options and rights, be sure to speak with an attorney who specializes in garnishments to assist you.