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What is a Judgment?

Credit Corp

Common methods include wage garnishment , property attachments and property liens. This is known as wage garnishment. These payments are sent to the judgment creditor until your debt is paid. The Consumer Credit Protection Act caps these types of garnishments. Nonwage garnishment. These laws vary.

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What Is a Judgment?

Credit Corp

This is known as wage garnishment. These payments are sent to the judgment creditor until your debt is paid. The Consumer Credit Protection Act caps these types of garnishments. Nonwage garnishment. If you’re retired, unemployed, or self-employed, your bank account may be garnished instead.

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You’re in Debt: 9 Terms to Know

The Kaplan Group

Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. They can refer you to counselors in your area that provide financial reviews and help you determine a plan for dealing with your debt. Debt Settlement Services.