What happens if you're self-employed and a creditor tries to garnish your wages?

If you're self-employed and in debt, a wage garnishment could be difficult, but that's not the only threat you face. Juleta Martirosyan / Getty Images Household debt levels are significantly elevated as we head into mid-2026, as are the interest rates tied to the more common short-term borrowing tools, like credit cards. In turn, more borrowers are falling behind on their debt payments , especially as the costs of everything from housing to gas and groceries continue to rise. …