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Let us know how much of your wages can be garnished!

Ignoring to pay back your debts may result in the wage garnishment. This is a judicial process of authorizing a bank or an employer to deduct a certain sum of money from one’s bank account, on failing to repay any of his/ her loan amount. But there is a limitation on the amount that is supposed to be deducted. The maximum possible percent of wages can be garnished is lower of the below two stated amounts: –

    1. 25% of your net disposable income, or
    2. An amount exceeding 30 times of the federal minimum wage.

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This percent of garnished wages will not cease until your entire loan is repaid. But the good thing is there are a few ways on how we can prevent ourselves from paycheck deductions.

Steps to prevent the wage garnishment!

Lenders can garnish your wages only after a judgement is passed by the court. There are few points that you should know to prevent your wages from garnishing.

  • Wage garnishment are not being performed deliberately by a lender like PaydayLoanTeller. You should first communicate with them and discuss about some easy repayment options.
  • You should take an account that the percentage of your deduction of your paycheck is not more than the permitted limits.
  • You can also file a case for bankruptcy to get rid of these garnishments.
  • Take a look at the judgement of the court and check if everything is correct. Actually, none except the court could garnish your wages.
  • Create a loan rehabilitation fund where you start saving a small part of your monthly earnings to pay back your loan.

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