…Why so many Americans are so exposed
Outdated laws enable collectors to seize up to 25 percent of debtors’ wages — and sometimes everything they own
This story was co-published with NPR.
Like any American family living paycheck to paycheck, Conrad Goetzinger and Cassandra Rose hope that if they make the right choices, their $13-an-hour jobs will keep the lights on, put food in the fridge and gas in the car.
But every two weeks, the Omaha, Neb. couple is reminded of a choice they didn’t make and can’t change: A chunk of both of their paychecks disappears before they see it, seized…
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