Question

Question 3 of 10

What would a lender do to get money from a debtor's job?
A. The lender would sue the debtor.
B. The lender would place a lien on the debtor's property.
C. The lender would garnish the debtor's wages.
D. The lender would charge the debtor a penalty.
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Answer 1

A lender can get money from a debtor's job by garnishing their wages, suing them, or placing a lien on their property.

Step-by-step explanation:

A lender can take certain legal actions to get money from a debtor's job. One option is to garnish the debtor's wages, which means that a portion of the debtor's paycheck is withheld and given directly to the lender. This is done through a court order, and it continues until the debt is paid off or a new agreement is reached. Another option is to sue the debtor and obtain a judgment against them. This allows the lender to seize assets, including money from the debtor's bank account or property if necessary. Lastly, the lender may place a lien on the debtor's property. This means that the debtor cannot sell or refinance the property without first paying off the debt.

Learn more about lender's actions to collect money from a debtor