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Wage garnishments are the ultimate threat posed by every debt collection scenario, but finding yourself on the wrong end of one doesn’t have to be a financial death sentence. Wage garnishments are put into place to recover unpaid taxes, outstanding child support, student loans, court judgments, or unpaid bills.
To Buy Time Or Avoid Bankruptcy Some baiters are just trying to stall between attempts to collect their debt. For example, they may ask confusing questions, then suggest the agent call back in 30 days. They often do this to buy time and avoid bankruptcy. Mentions being represented by an attorney or filing for bankruptcy.
In most cases, some qualifications and credentials will be required to distinguish that you are working with a reputable collectionagent. This allows commercial collectionagents more flexibility in collecting on your behalf, but it is always a fine line between pushing too hard and not pushing hard enough.
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