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Which of the following is happening when a lending institution gains money from an individual's paycheck to cover outstanding debts?
A. Principal
B. Garnishment
C. APR
D. Harassment

Respuesta :

The Garnishment is a disposal institution that obtains money from a person's paycheck to cover outstanding debts.

What is Garnishment?

Garnishment is a legal process that allows a plaintiff to collect a monetary judgment from a defendant.

Garnishment allows the plaintiff to take the money or property of the debtor from the person or entity who possesses it.

It is a financial system that moves money from a individual's paycheck to pay off obligations.

Therefore, option B is correct.

To learn more about Garnishment, refer to:

https://brainly.com/question/14042400

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