Threatened with Wage Garnishment?
Have you been threatened with Wage Garnishment? Can they actually garnish your wages?
So you have defaulted on a credit account. The debt collector calls and demands immediate payment of the debt. The debt collector then makes the following threat: “If you do not pay this debt by Monday at noon, we will garnish your wages, starting with your next paycheck”.
How Does a Promissory Note Work?
A promissory note is a legal form that allows companies and also individuals to get financing from a source other than a bank. Thankfully, here in the U.S. banks don’t have a monopoly on lending, you can legally loan some one money with a promissory note. Any one can become a lender.