Our new website is optimized for the most current web browsing technology. If you are using an older web browser, part of our website may not function properly as designed. Please consider upgrading your browser for an error free experience.
Jowanna Daley is a Startup Micro Business Coach, Consultant, and Affiliate Marketer. She helps lay the foundation for startups, which requires her to know just about everything it takes to launch a micro business. It's by no accident Jowanna has over 30 years in information technology, business analysis, business plan writing, project management, and marketing. She has an MBA in entrepreneurship, and she is a Project Management Professional. While she can design websites, write blogs, and devise the most effective strategic plans, she is most passionate about empowering startups.
Jowanna lives in McDonough, GA, and though she and her husband, Robert, are official empty nesters, their nest is not empty. She hosts many guests, and her niece, sister, and two dogs live with her.
It's common for students who can't afford tuition costs out of pocket to take out either federal or private student loans. Just like any loan, it can be easy to fall behind. When this happens, student loan wage garnishment can happen faster than you may realize. Perhaps you're already in this situation.
True, most colleges and universities require you to learn more about student loan responsibilities before you can get your first loan disbursement; they may even go so far as to explain your deferment options and when you're expected to repay the loan. Despite these precautions, many graduates find themselves coming up short when it comes time to budget student loan payments.
Student loan defaults can have a ripple ...
There are different ways a creditor can collect a debt; one of those ways is through wage garnishment. So, what is wage garnishment versus a bank levy, and how can you stop it from happening?
A wage garnishment is when a creditor collects debt payment from your paycheck. When the creditor has attempted to contact you to no avail, garnishment is their last ditch effort to collect on the debt. Alternatively, a bank levy or non-wage garnishment are ways to collect on a debt by collecting straight from a financial account, such as your bank account.
The process for garnishing your wages depends on the entity seeking to collect. When you receive notice that a creditor is attempting to garnish your ...
Enrolled agents (EAs), certified public accountants (CPAs), and tax attorneys are all tax professionals who can help you resolve tax debt problems. There are even Attorney-CPAs who can act as both your attorney and CPA. However, there are pros and cons to each role. Their advantages and disadvantages depend on what you need and the severity of your tax issues. When looking to hire a tax professional, understanding these roles will help you make the best decisions possible for your tax needs.
What Is an Enrolled Agent?
An enrolled agent (EA) is a tax professional licensed and authorized by the U.S. Department of Treasury to represent taxpayers. While an EA is the highest credential status the IRS awards, it is ...
Many taxpayers do not know how to pick one of the best tax settlement companies to help them negotiate their tax debt. Owing back taxes can be unsettling, and it is easy to become overwhelmed, especially when dealing with the IRS. Unlike your other creditors, the IRS has a broader boundary when it comes to debt collection. The penalties associated with any tax debt can put you and your family in a financial crisis. What is the impact of owning taxes? What are your options? Who can help you?
Tax settlement agencies are like debt settlement companies, except they serve consumers who owe the IRS more money than they can pay. Like debt collection agencies, some firms exploit consumers facing ...
Both the IRS and creditors can use a bank levy and wage garnishments as extreme measures to collect outstanding debt. While the laws are different depending on whom you owe, the procedure is similar. The IRS and the Department of Education, though, have more reach than the other creditors.
What Is a Bank Levy?
A bank levy or a bank garnishment takes place when a creditor (someone you owe) files a legal document with the court, so he or she can withdraw funds from your bank account to collect on outstanding debt. Before a levy is issued, your creditor goes to court and receives a judgment for the money owed. You have a period to respond before the bank levy.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.