Borrowers is also deal with collection fees; wage garnishment; money are withheld away from taxation refunds, Social Cover, or any other government payments; harm to its credit scores; and even ineligibility to other services software, such advice about homeownership. 21 For most, anxiety about such consequences-predominantly damage to credit ratings and you will wage garnishment-otherwise prior knowledge which have delinquency and you can standard drove them to remain repaying the finance even if they certainly were up against most other financial demands.
I don’t need to destroy my credit or [have them] garnish my personal wages . thus i pay only. (Miami large-balance, off-track debtor)