A common tactic creditors use to intimidate people into making a payment right then and there is threatening to garnish wages. So, can credit card companies garnish your wages? The short answer is yes.

Chances are if you’re in over your head in unsecured debt, you’re probably trying to find ways to scale back your monthly budget so you can start paying your way toward financial freedom.

Debt settlement can slash the amount of unsecured debt you owe – not just your interest rate as is the case with debt consolidation, where you would take out a single lower interest loan equal to your original balance.

While the law affords consumers certain protections against unfair debt collection practices, under certain circumstances, lenders can still take legal action against you if you fail to pay your debts.