It’s absolutely possible for a creditor to pursue repayment through wage garnishment. Unless you have payments outstanding to a government agency, department of government, or court ordered child/spousal support, your creditor will need file a lawsuit to have access to your wages. When Creditors Usually Sue When an ...

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A department of government, government agency, and court-ordered spousal or child support may seize your bank account to recover amounts owed. Other creditors must go through a civil suit and be awarded access to your bank account, otherwise your salary and assets are safe regardless of what the collection agency might say. ...

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A collection agency’s main interest is recovering the amount owed to the original creditor. In addition to the stress of dealing with a collection agency, revealing your personal finances can be embarrassing or even threatening to your career. While there are laws in place to protect consumers (debtors), a collection agency is ...

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