Internet's first get-out-of-debt community - 134,000 members

trk1111 · Posted: Sat Jun 23, 2007 2:43 pm Subject: I want to pay, but how?

Hi Jedi Mistress, I'm being pursued by West Asset Mngment. They have phoned day and night for months, even at my job. They just sent me a letter saying they are going to garnish my wages. I am now in a position to actually repay my student loan, and I want to set up a repayment schedule with the Dept of Ed. Can I call ED directly? What do I say? I don't want to have to pay WAM for my loan, they are so nasty. I'd rather pay ED directly. Do I have a choice? Thanks for your help!!!

Posted: Sat Jun 23, 2007 3:43 pm Subject:

You need to talk to the ED and see if they are ready to accept payments from you. I have heard in some cases that the ED will not accept the payments if the file is already sent to the collection agency. Give a call and know the latest status of your account. Also, send a debt validation letter to WAM to make sure that they are authorized to collect on your account.

Guest · Posted: Sun Jun 24, 2007 5:18 pm Subject:

If you just got a garnishment notice, you have NO choice but to work thru the CA. ED will not deal with you. Also keep in mind that you only have 30 from the date of the garnishment letter to appeal the garnishment and set up voluntary payments.

trk1111 · Posted: Tue Jun 26, 2007 2:57 pm Subject:

Ok, so i call WAM today and say I want to set up a payment plan, and the first thing they want is a full financial disclosure faxed to them including paystubs, bills, mortgage, the works! I'm sorry, but I AM NOT faxing my mortgage papers to some guy at a collection agency. Is this legal? How do I tell these people that I'm willing to pay monthly without sending them all of my finances?

Guest · Posted: Tue Jun 26, 2007 6:58 pm Subject:

I don't know if you can get around it. I had to fax my daughter's daycare receipt, morgage, insurance, car payments, cell everything you can think of I had to report and then I was able to set up voluntary payment arrangements after nine payments, my loan went back to the dept of education and my payments were reduced further. If I had not reported all of my bills, my voluntary payment would have been much higher if I chose not to send them copies of my bills.

Posted: Tue Jun 26, 2007 9:41 pm Subject:

You cannot get around it. It is a requirement that you provide proof of expenses to avoid garnishment,

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 134,000 members

I want to pay, but how?

Members Area

Free Debt Counseling

Ask the community

Featured Discussions

Featured Articles

Question of the Month

Also See

Recent Forum Discussions

Recent Blog Post