Post deleted...WTF????....Solicitation is a violation of the TOS and your grammar is atrocious. Go away Gollum....ND

[Cool_Abyss]

LMAO!!! :lol:

First off, this forum is extremely informative, thank you for your knowledge and advice.

I am in default of my student loan, totally bad management on my part, have had tax offsets for a number of years, so now I'm used to not getting a tax refund. That being said, this CA based out of Houston, Tx, has called my work and demanded the whole amout of 13K, which I replied, if i had it I would gladly pay. (Might I add that this particular CA used intimidation, and borderline verbal abuse... (Sticks & stones)) Telling me to borrow it from friends and family...yeah right..

They stated that they are going to garnish my wages if I don't pay the whole amount, I in turn asked if there were other alternatives, they said , yes, you can pay by credit card.

After reading all the other posts here, I can see that there is no alternative. Will the garnishment exclude FLEX deductions on pre tax dollars, it garnishes take home pay only?

Thank you

[SOAPLADY]

Only mandatory deductions are included in the calculation....taxes, SSI, Fica and health insurance.

Have you looked at consolidating your loans with the DIrect Loan Program??

I have a student loan that is under wage garnishment and I only owe $325.00 left. Once this is paid since I was under wage garnishment doest this mean I can never receive financial aide again?

[SOAPLADY]

Once student loan is paid, you are free to receive additional financial aid.

Hello. Wow I wish I had found this site a long time ago. Thank you all that post such detailed advice!! Here is my situation that I would like advice on. I had defaulted student loans for ever it seems. I started working and a garnishment was issued which was hard at first but I adjusted because I wanted to get rid of this. I was garnished for over little over a year. But now I am laid off as of Mar 30th this year and wondering what my next step should be as far as my SL. OH and I did receive my income tax refund this year after YEARS of never seeing one. So I'm wondering what my next step should be to make sure I continue to get my tax refund and does this mean my SL is improving? I do want it paid off.

Thanks in advance for the wealth of information!

[SOAPLADY]

Student loans never improve per se while you are in default. Your next step should be to contact the guarantor to find out what if any is still owed.

I spoke with ConServ and let them know that I was laid off. Until that happened my wages were garnished for over a years time at 56-60 bucks a week. They offered two options with the best sounding one as follows: waive the dnpymt and I make a 9 mo. at 212.04 & 4 at 60.32. They told me I would have to make 13 payments because one of the two is a GNN loan? I told them that I could not do 212 a month at this time. We even went over my finances and he said I was in a negative as far as income in and bils out. Is there anyway I can get a lower payment and still do rehab? I told him that I would call back.

[SOAPLADY]

How much do you owe??

They are trying to rehab you....no downpayment is required.

GNN never heard of this type of loan....there is GSL or Perkins?

I would recommend consolidating now with Direct Loans.

I owe 22,664.52. Principal Bal was 10,916.82. Would consolidating bring me out of collections and prevent future earnings from being garnished?

[SOAPLADY]

Consolidating gives you a new loan thus removes the default. No default, no garnishment.

[Marv199]

Can someone explain to me what the difference is between the loan rehab process as opposed to applying for a direct consolidation loan (I only have one loan), and which of those procedures (or another one that I don't know about) would be best for someone currently having his wages garnished (my debt is just under $5,000) but wishes to get relief from the garnishment?

Also,is there a minimum monthly payment I must make if/when the garnishment is lifted, and the determination is made that I'd be eligible for either a loan rehab or a Direct Consolidation loan?

And my LAST question is how long does it take for each of the processes to be initiated, and for my wage garnishment to be halted?

Sorry about all these questions--I hope that some of you may be able to help me!

[SOAPLADY]

Because you are being garnished, you do not have the consolidation option. Your only option is to rehab and that will require 9 payments over and above your garnishment of $50/month based on your balance. So you would be looking at about 10 months before the garnishment is lifted.

my situation is somewhat bleeker-dept of ed has been garnishing my wages for 2 yrs now. ive been in such a depressive state about it all i never even tried to fight it. just kept trying to work overtime to make ends meet- they take approx $400/mo. and my debt is substantial- I think im only paying intrest? How can i get them to stop garnisment and voluntarily hve them withdraw same amt from my acct. this garnishment is killing me--I want to go back to school.

[SOAPLADY]

They wont. However you could ask for a rehab...it would require that you make payments over and above the garnishment for 9 months. Then it would come out of default and then you could consoidate it thru direct loans.