How many years can wage garnishment affect a persons credit rating?

is it as bad as bankruptcy?


how much can they take out of a persons paycheck on a monthly basis?

How many years can wage garnishment affect a persons credit rating?
7 years


15%
Reply:A garnishment has nothing to do with your credit rating. There is nothing(at least that I have ever seen) on your credit report that would explicitly say you are having your wages garnished. But the cause of the garnishment might be listed(such as a judgment).





Several states do not allow wage garnishment. Some allow up to 25%. Then there are others who have various criteria as to how much can be garnished. The amount is per pay period. So it you get paid weekly it is weekly, if you get paid monthly it is monthly. The amount is based on your gross pay(the amount after taxes but before any other deductions).





It also depends on the reason. In states where garnishment is not allowed for things such as credit card debt, it is allowed for things such as Taxes or back child support.





Bankruptcy is really the last resort and there is not enough information to even guess if it is an option if you are asking about a specific situation.
Reply:Your credit score actually will improve but just a little bit, but since you got nailed by court there's no way you can work out a deal or negociate the debt with the collection agency.





Well having paid off an old debt, looks bad anyways in your report, you are telling any future creditor you don't care and you only like to pay when you want.





You need to check with your state statues, some states won't even allow garnish if you don't make enough. If you do, some states allow 25% of your paycheck. If you want someone to help, reply with your state or Google around keywords like "Nevada state Statutes " or "nevada garnish statutes" and by the way, is not montly its weekly or biweekly