Answered

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Question 9 of 20

Garnishment of wages means that a:

A. creditor is earning interest on your wages.

B. lender is going to take you to court to collect on a debt.

C. lender is taking money from your paycheck or bank account.

D. creditor is going to foreclose on your property.

Sagot :

GinnyAnswer

Final answer:

Garnishment of wages involves lenders collecting debts from a person's paycheck or bank account, with federal law allowing garnishment of up to 15% of disposable income.


Explanation:

Garnishment of wages means that a lender is taking money from your paycheck or bank account as a way to collect on a debt. Federal law allows the loan holder to garnish up to 15% of your disposable pay, with notice provided beforehand.

Disposable income is calculated as personal income minus personal current taxes, giving the amount subject to garnishment.


Learn more about Garnishment of wages here:

https://brainly.com/question/39712531


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