What ACS failed to tell or explain to you is that they NEVER garnish...they are a lender/servicer and that is NOT their job. When you make less than the required payment, you will be past due. After 9 months of past due, ACS will default you back to your guarantor. Your guarantor will pay ACS off in full. At that point your loan becomes due in full per the default clause in your contract. You will be placed into collections and up to 25% in collection fees be added to your account. This is the point that tax offsets and wage garnishments occur.

Your attorney has his head in a hole or is pulling information out of thin air. Administative wage garnishment is HUGE. He has given you horrible advise based on his experience or opinion which it totally not fact. Wonder if he ever had a student loan...

Enter Your Samebox Message:

Thanks Soaplady, but just spoke with ACS rep. They were really nice again. They insisted that collections would work out a decent payment arrangement with me and will accept the 300.00 monthly payment, but that I will have to continue at that agreement until paid in full. Yes, they want their money, but they can't place you in undue hardship either. Government Loans do take into consideration undue hardship more than any other loan on the market. So, things are looking great.

Enter Your Samebox Message:

Hello,

My student loan debt is much larger. I know I need to consolidate, what's the easiest way and the best company to consolidate with. I tried the US Dept. of Ed and did not get a response and just set it on the back burner. --But I really need to address this.

Enter Your Samebox Message:

The Direct Loan program can answer any questions you have right over the phone. Dont email or write...call. I can answer a lot of your questions too.

Enter Your Samebox Message:

Thank you. I am just wondering if I applied in the wrong way, I just went online and entered my information. Do you recommend that I consolidate through the U.S. Depart of Ed or Sallie Mae, or some other lender for that matter.

Enter Your Samebox Message:

How long ago it you apply?? I believe you can check your status online. Or call them.

For large balances, I always recommend Direct Loans. They have the most payment options.

Enter Your Samebox Message:

I'm sure it's been over six months. I will apply again.

Enter Your Samebox Message:

Call them first....if your app is somewhere still in the system, you wont be able to submit a new one.

Enter Your Samebox Message:

You have been very helpful, I will call them in the morning and follow up. I really need to work on getting my business together.

Thank you!

Enter Your Samebox Message:

i have a default student loan and they are at a point of taking my income tax is there any company i can reconsolidation done

Enter Your Samebox Message:

I was informed that if i don't pay $410 for the next 9 months until able to be in good standing or they will garnish my check for $450 for ever. Can i start paying $200 on my own without my check being garnished or is it too late.

Enter Your Samebox Message:

Sounds like a rehab program. Can you give us some more information?? Like how much you owe??

Enter Your Samebox Message:

I want to settle my student loan, However the collection agency tells me its better to enter the rehabilitayion plan because a settlement show negative on your credit score... Please give me some insight

Enter Your Samebox Message:

WHAT THE COLLECTION AGAENCY ME IS THAT I CAN ENTER A 12 MONTH PROGRAM AND THEN AFTER 12 PAYMENTS . I WOULD GET THE INFORMATION AFTER PAYMENT ERASE FROM CREDIT . I OWE $5606 AND SETTLE IS $3600.00... WHAT SHOULD I DO

Enter Your Samebox Message:

I rehabbed my student loans two years ago and I'm so glad that I was able to fix what I had done wrong. I did have to pay a set amount of nine months (on time and never late). After that, my loan went back to the dept. of ed and it shows on my credit report as if it had never been late. Now I'm making a payment each month that fits my budget. I'll never be late again! My rehab was handled through GC Services...and I can honestly say that they were really good to work with (I know..that's very strange to say lol!)

Once you default...really the only the light at the end of the tunnel is rehabbing in my opinion.

Enter Your Samebox Message:

SO THE BEST OPTION IS THE REHAB...NOW IS ANYTHING BAD ABOUT SETTLEMENT AND THE CREDIT RATING

Enter Your Samebox Message: