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Under what circumstances will creditors seek garnishment?
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Updated 6/22/2012 8:24:59 AM
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When lenders do not use any type of property as collateral against a debt, the lender considers it unsecured debt. Credit cards, private student loans and personal loans fall into this category. The creditor will file a lawsuit against you for the amount you owe, plus any applicable court and legal fees. The creditor usually files this suit at a courthouse local to you. If a judge finds in favor of the creditor, who is the plaintiff in this case, garnishment of your wages will begin shortly thereafter. If the judge does not find in favor of the creditor, she dismisses the case and there is no wage garnishment.

Read more: Under What Circumstances Can Your Wages Be Garnished? | eHow.com
Added 6/22/2012 8:24:59 AM
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