how wage assignment works
wage assignments are typically incurred for debts that have gone unpaid for a prolonged period of time employees may sometimes opt for a voluntary wage assignment to pay for things like union dues or to contribute to a retirement fund a wage assignment is processed as part of an employer s payroll procedure the employee s paycheck is decreased by the amount of the assignment and noted on their pay stub a wage assignment is often a lender s last resort to receive repayment from a borrower who has previously failed to pay a debt obligation wage assignments are a valuable tool for collecting unpaid debts but unfortunately they may be associated with abusive lending practices if you re struggling with your debt one of the best debt relief companies or credit counseling agencies may be able to help you get back on track before a wage assignment is incurred 