One of the most unpleasant consequences associated with owing a significant amount of debt is wage garnishment. This is a process by which a creditor can move to have your employer withhold a portion of your wages. This means that some of your paycheck will not end up in your pocket -- it will go to pay down certain debts.
The week before payday is often the worst. You are out of cash, maxed out on your credit cards and you need just enough money to tide you over until your next paycheck comes. It can be a desperate feeling that often causes people to make desperate choices.
Credit cards provide convenience to consumers in many ways. If you've recently purchased a big-ticket item such as a car or vacation property, you may have used your credit card in the transaction. Wisconsin residents, like those in other states, understand that the global and national economies can greatly affect their personal financial portfolios.