Can Payday Loan Companies Garnish Wages?
A payday loan is typically small in size and high in interest. It is issued for a short period of time, generally for several days to a month. If a borrower defaults on a payday loan, he usually faces punitive rates of interest, as well as additional fees. If the debt remains delinquent, the lender is legally allowed to take a number of actions to collect on the debt, including garnishing the debtor’s wages.
