Wage Garnishment
The name of the employer in a wage garnishment action.
What is Garnishee?
The dollar limit for a claim for money in small claims.
What is $10,000?
This three-digit number is used by lenders to determine a borrower's creditworthiness.
What is a credit score?
People who have no money left after all expenses are paid at the end of the month and continually rely on payment from their jobs are considered to live this type of way.
What is Paycheck to Paycheck?
Payment method that allows consumers to purchase goods and services immediately and pay for them in installments over time.
What is Buy Now, Pay Later?
A wage garnishment lasts for this long.
What is 13 weeks?
When you do not use a private process server, this place will serve the summons and complaint for a price.
What is the Sheriff's Office?
The three credit reporting agencies are Experian, Equifax, and this agency.
What is TransUnion?
This term is a hypothesis that helps explain how people with less money look at problems and make decisions, especially to their long-term detriment.
What is scarcity?
A company benefit that lets employees request part of their paycheck before payday.
What is Earned Wage Access?
No garnishment action may be brought to recover the amount owed by a debtor for the payment of this type of loan.
What is a payday loan?
Form sent after entry of judgment that requires the judgment debtor to disclose their income, assets, and garnishment exemptions.
What is a Financial Disclosure Statement?
This is the range for a FICO score, which is commonly used in the U.S.
What is 300 to 850?
Research suggests that this type of bank account among partners can help force conversations about money and get couples on the same page.
What is a joint bank account?
Paycheck advance tools like Earnin or Dave are problematic because they are similar to this predatory short-term loan.
What is a payday loan?
Under this legal term, a debtor and creditor cannot assert a Debtor's Answer and an objection to Debtor's Answer, respectively, or risk additional costs and fees.
What is Bad Faith?
Length of time the plaintiff has to serve the summons and complaint on the defendant before the action is dismissed by the court.
What is 90 Days?
This event can affect your credit score because scoring models look at how recently and frequently you apply for credit.
What is a Hard Inquiry?
The term for economic inequality between people who have a lot of money and people with very little is called this.
What is the wealth gap?
This term is used to described new lending tools that claim to help "bank the unbanked", "extend financial inclusion", and provide nonbank credit access.
What is Fintech?
This agreement between a debtor and creditor allows the garnishment to last longer than the typical time frame.
What is a Stipulated Extension?
The legal term that describes the effort a plaintiff must use in attempting personal service before they can serve via mailing and publication.
What is "Reasonable Diligence"?
These people lack a credit history sufficient to produce a credit score.
What is Credit Invisible?
People who have a habit of overestimating the likelihood of positive events and underestimating the likelihood of negative events tend to do this.
What is save less money?
Optional fees that many digital pay-advance tools make difficult for consumers to avoid.
What are Tips?