Countless residents of Mississippi are grappling with student loans, whether they are fresh out of school or graduated many years ago. Some are able to work their loan payments into their existing budgets, while others may discuss their financial challenges with the lender in order to obtain a deferment or temporarily reduce payments. For others, missed payments may be a reality due to overwhelming financial problems such as massive debt or unemployment. In such cases, these individuals may be facing the thought of or undergoing the experience of having their wages garnished.
Just like a vehicle repossession, a wage garnishment can be very emotionally stressful, as well as potentially embarrassing. Moreover, the garnishment itself produces added financial stress, since money is taken directly from a person's paycheck. Since garnishment is such a difficult process to endure, some companies have emerged in recent years with claims of offering significant debt relief. In reality, some of these companies are scams and end up doing graduates more harm than good.