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Sub: #1 Old student loans
Replied on 11-13-2011, 07:31 PM
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I have student loans from the year of 1999. Shouldn't those already be removed since its past 7-10 year period and there has NOT been ANY actions concerning them. Also, now they are garnishing my taxes for repayment. Help???




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Send message to SOAPLADY
Sub: #2
Replied on 11-13-2011, 07:40 PM
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Quote:
I have student loans from the year of 1999.
You borrowed them in 1999? When did you default??

Quote:
Shouldn't those already be removed since its past 7-10 year period and there has NOT been ANY actions concerning them.
Not necessarily. When did you default? Who was your original lender?
If your loan started off as a FFELP loan it is possible the loan could have been subrogated by the USDOE which would start the reporting clock again.

Quote:
Also, now they are garnishing my taxes for repayment. Help???
What help do you want? Have you tried to get back into repayment? There is no SOL for student loans and they are capable of garnishing your wages without a court order.

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Sub: #3
Replied on 11-16-2011, 09:55 AM
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I amy be mistaken but I thought the loans take 20-25 years in order to be dismissed. also are there multiple loans?




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Sub: #4
Replied on 11-16-2011, 10:26 AM
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Quote:
I amy be mistaken but I thought the loans take 20-25 years in order to be dismissed.
you are very mistaken. Loans are NEVER dismissed just because time has passed. Loans can be forgiven after 20-25 years but you must be in repayment that whole time.

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Sub: #5
Replied on 11-17-2011, 05:59 AM
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Thank you for correcting me.



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