Student loan in default
Date: Wed, 07/21/2010 - 13:05
Our neighbors co-signed on a student loan that is now in default. How likely is it that the collectors will sue and try to collect from their personal assets?
Sounds like a private student loan. The likelihood of being sue
Sounds like a private student loan. The likelihood of being sued is very high. They then pursue wage garnishment and bank levies.
Yikes! I hope you have an extra high fence and installed a stat
Yikes! I hope you have an extra high fence and installed a state of the art security system. Things are going to get really ugly if they haven't already.
Will student loan collectors take less to avoid going to court?
Will student loan collectors take less to avoid going to court?
I was wondering if they even have to go to court...I heard that
I was wondering if they even have to go to court...I heard that they can garnish wages without suing, is that true?
Not private loans...they have to take you to court first. Only
Not private loans...they have to take you to court first. Only federal loans can garnish without a court order.