Debt settlements and declaring bankruptcy are two common methods of dealing with lack of credit in your bank account. Basically debt settlement means hiring a debt settlement company to negotiate with the creditors the pending debt amount and reach a settlement which is much lower than the initially agreed percentage.
Various procedures are available to the clients to pay back their debts. Wage garnishment is one of such methods. Recent reports have even suggested it to be one of the easiest ways to get rid of the pending loan amount.