student loan garnishment help!
Date: Tue, 08/24/2010 - 00:59
My wages have been getting garnished for 2 years now and I want to get it resolved and repair my credit. I was thinking of getting a consolidation loan or something, but I'm not sure how it works. I have been searching online, but every website wants my info before I can get any info from them. Does anyone have any suggestions? I only owe about 10k more, but my biggest concern is repairing my credit.
M
Is this a federal or private student loan? If federal, you do n
Is this a federal or private student loan?
If federal, you do not qualify for a federal student loan consolidation while being garnished. You probably will want to pursue rehab....that would require 9 payments of $100 over and above your garnishment. Talk to the agency handling the garnishment.
If your loan is private, you wouldnt qualify for a private loan consolidation as they are credit based
Do you mean that I would be paying 100 while being garnished, or
Do you mean that I would be paying 100 while being garnished, or would I be paying the total amount at once for 9 months? My student loans are federal. What about these companies that claim to get the garnishment off your record in 4-6 months like collegedefaultedstudentloan.com, mydefaultedloans.com, etc
What they are saying is total BS. They charge you a fortune and
What they are saying is total BS. They charge you a fortune and tell after you have paid tell you exactly what I am telling you. Student loan garnishment is federal law...the Higher Education Act makes the provisions for AWG (admin wage garnishment) and rehabilitation.
You would be paying $100 a month over and above the garnishment for 9 months to qualify for the rehab.