Guest...you do NOT have that option. The guarantor is the holder of the loan after default, not the lender. The guarantor HIRES the CA under contract to collect on the account. You must work the the CA you are assigned to.

I recieved a call from DCS....it was regarding my student loans. I advised them that I was out of work since June of 2009. I asked them if they would please keep in touch with me and as soon as I had a job I would be glad to get on the rehabilitation program. Well, I filed my taxes and every bit of it was taken....I only had to make payments of 120/mo for 9 months. That is like 1088.00. My tax return was well over that amount. How can they do that? Arent they only supposed to collect on what is owed or in default at the time? And i have not been able to get in touch with them since my tax return was taken. What can I do?

DCS is not a scam...they are a dept of education collection agency. Once you default you no longer have the option to work with the lender...they defaulted you. And your guarantor is the one hiring the CA.

You were not in voluntary repayment...that is now they are able to do it. You may be forgetting the 18% collection fees and daily interest....the lien would have been filed in Oct.

explain this!! i called the company to offer to make payments on my loan because great lakes told me they had my loan and blah blah and i want to finish my degree. so i call about 8 months ago, they guy was an a** when I CONTACTED THEM and told me i couldnt make payments i had to pay in full. ok well i am a single mom of 2 with a crappy part time job, paying a loan in FULL is NOT an option. so i wait till this tax return and figure i will pay it off with that and go back to school, no biggie. i call they say i owe this amount and i say ok. but NOW he offers to let me make payments and says its important for me to go back to school. lmao. uhm ok. then i find out there is an offset on my tax return to pay this loan, so i contact DCS yet again and talk to the same guy, it sends me straight to him when i call, and he says "oh i did not know that, well here is whats going to happen. they will take your entire return and in about 2 to 6 months they will take out what you owe, which by then will be much more than what it is now due to interest and such, and then mail you a check with whats left if anything." i say ok i will call you back. 8 days after filing i RECEIVE MY FEDERAL RETURN WITH THE AMOUNT OF THE LOAN TAKEN OUT. so i call him again and let him know my refund has been given to me, and the amount of the loan has been taken out. then he says, "well it has not been applied to the account yet so in my eyes you still owe (said amt)." WTF. so 1. he is either trying to scam me for more money OR he is a dumba** who has no clue what he is talking about. 2. if it was going to take 2 to 6 months for the loan amt to be taken out of my refund, how did i get my refund in 8 days with the amt of the loan taken out? 3. why does the irs and treasury dept say the money has been sent to the collector and yet he says i still owe the same amount and nothing has been applied and calls daily to ask me for money? its all bull and i am tired of fighting to get back in school. i have 2 other loans in deferment and am doing my best to better myself for my family and this company is taking me for a run around. i am to the point of contacting a lawyer.

Why do people think everything is a scam?? You owed the cash and just because the transfer hasnt been applied to your account, you think they are scamming you??

For starters, the IRS seizes millions of dollars in owed money.The IRS did not say it was sent to the collector....re read your letter. The letter says it has been sent to your guarantor. The funds are transmited to each guarantor en masse...the guarantor has to apply the funds to your account. THIS TAKES TIME. They do not hire extra people so they get to it when they get to it. Keep in mind you may still owe your guarantor money...sometimes collection fees are not included in the offset and interest continues to accrue daily.

You have money to pay an attorney?? Funny....you did not pay your debt voluntarily....dont expect them to jump up and down for a garnishment.

My student loan went into default a year ago, and DCS Inc after hard handed tactics, got me to begin paying them the amount of the loan I assumed Access Group sold to them. I am now filing my 2009 tax returns, is DCS required to provide me with a student loan interest report? I am not sure if they in fact facture in interest on the loan amount I am now paying them. PERSONAL INFORMATION REMOVED

Student loans are NOT sold to collection agencies. DCS is either representing the Access group if it was a private loan or your guarantor if it was a federal loan. If you read your mail, it will specifically state who they are representing. The loan holder will provide you with your interest statement. Keep in mind with federal loans, collection fees are paid first so you may not have even paid any interest depending on how much you owed and how much you paid.

My student loan originated with Citibank. It was refinanced by Express Loans Services. While in forebearance with Express Loans I went back to school. But instead of giving me an In School Defferment, Express Loans "sold" my loan to American Education Services, who refused to work with me. They refused to acknowledge the fact that I had returned to school. And they did this just DAYS after I received my updated FAFSA and other grant documents. Once the loan went into default I LOST my student loans and grants. American Education Services sent me a letter stating that, since its a Federal Loan, it will appear on my credit as a "Government Claim". With a
"Government Claim" on your credit report, getting HIRED for EMPLOYMENT will be difficult at best because employers LOOK at YOUR credit report.

So they first took away my ability to continue my education. Then they took away my ability to seek and gain employment.

I am disabled, receiving SSI, and have a disabled child. School was our way out of a hole. My way to be able to provide for my child when I'm no longer here. AND THEY TOOK IT AWAY! They STOLE our chance at survival! Now American Education Services has turned it over to DCS Inc. and I read all THIS! If they take ANY of my SSI my child and I will LOSE our HOME! And we have NO WHERE to go.

What happened to OBAMA'S plan to get SINGLE MOMS BACK TO SCHOOL??? They did all this to me AFTER he implemented this plan!!!! Should I contact my state Attorney Generals Office to file a complaint? Or go straight to OBAMA himself?! This is an OUTRAGE!!!

It takes 280 days, 9 months of nonpayment and being out of status for a loan to default, so you story is not ringing 100% true. If you were truly in forebearance, that doesnt count against your 280 days. Express did "sell" you loan...they defaulted you back to your guarantor.

I was being BILLED by BOTH Express Loans AND American Education Services. And each said I was to pay them! Furthermore, I woukd NOT have been able to receive ANY ADDITIONAL student loans and grants when I went BACK to school 3 MONTHS before they defaulted the loan.

So DO NOT call me a liar!

well she didn't call you a liar,she just said that it wasn't 100%true.which it isn't....DO NOT put words in peoples mouths.

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giving hope to the hopeless,help to the helpless,and hap to the hapless.

You still qualify for federal financial aid up until the day you default. I dont understand your statement.

My point is, it takes a LONG time of a loan to default. You messed up somewhere along the way.

they are threatining to take me and my co-signer to court. they wont accept a payment plan option unless my co-signer agrees to apply for payment installments. I was hung up on by the agent and the supervisor was even a bigger jerk when I tried to tell him about how rudely I was treated. DCS said there's an acceleration claus in my loan that entitiles them to be jerks and demand full payment. how does the government approve of this?

If you have have cosignor, then you have a private loan which is not a federal or government loans. Plus you and your cosignor DID agree to balance in full on demand upon default...this is standard with all student loans, federal and private. Did you read your loan agreement?

Private loans can and will take all parties to court and will sue as a regular course of business.

I got called by DCS for my wifes loan. She go the loan long before we ever met. I don't know what payments were made. But after we married we moved and she stopped working. Now this company has called my new job saying she put this number on some form. LIE! I didn't have this job when her credit problems started. Agent from DCS EXPECTED ME to PAY her loans...EVEn hinted it would effect MY CREDIT report. their tune changed when I pointed out it was her loan not mine. Watch out for these guys!