NCO Financial
Date: Wed, 04/15/2009 - 08:46
I have gotten a letter from NCO requesting income info for my student loan. I provided them with the info requested and the held a "hearing" which stated that it would not cause financial hardship to garnish 15% of my disposable income; however, the amount they have as my monthly income in not even close to what I make. I only bring home $580 two times per month and have 3 children in my home. When I called them to report that my income had been calculated incorrectly, I was treated very rudely. I offered to set up an alternate payment arrangement with no success. They stated that I could either pay $378/mo or it would roll to garnishment. I tried to explain that I do not get paid until the end of the month but he said he didn't know if it would wait that long. I want to repay the debt but I can not pay what I can't afford. I have to take care of my family. The letter I received from that stated that I would need to sign and return a repayment letter within 10 business days, but when I called them yesterday, they said that it would not go out until sometime this week. Can anyone PLEASE HELP? I don't know what to do.
Who is the guarantor for your account? You might wanna call the
Who is the guarantor for your account? You might wanna call them or the student loan ombudsman. A garnishment would only get them $174 per month....I dont understand why they are going for higher.
