Mortgage underwriters normally want documentation attached to the letter of explanation. For example, a letter of explanation may be required if a mortgage loan borrower had a substantial low income one year from the previous year and had a late payment history for three months.
Wage garnishment by itself will not damage your credit...and the fact that your wages are being garnishment will not be noted on your credit report....However, the judgment that led to the garnishment (if they report it) will affect your credit rating...and the original default of your credit card will also still damage your credit rating.
Garnishment is a court-ordered technique of debt collection in which a debtor's paycheck or other income is taken and paid to a creditor or a court until a debt is paid in full.In the case of wage garnishment, the court may order a series of payments deducted by a set amount from a debtor's paycheck.arnishment is a court-ordered technique of debt collection in which a debtor's paycheck or other income is taken and paid to a creditor or a court until a debt is paid in full.