Settle Default College Loan/Avoid Wage Garnishment of Spouse
Date: Mon, 11/15/2010 - 04:58
Before I was married I was consistently paying my monthly bills: major credit card, 2 department cards, and a student loan payment. I fell ill and stopped working due to numerous hospital admissions and surgeries. Now I have $35k in debt (including school loans and all in default).I'm still not working and now have a husband and daughter. We live paycheck to paycheck. I don't want to file bankruptcy and would rather negotiate/settle on my outstanding balances. Can I negotiate a defaulted college loan? If I have to file bankruptcy, can I file personal in order to avoid harming my husband's credit or risk his wages being garnished?
Bankruptcy wont help you with your student loans....they are non
Bankruptcy wont help you with your student loans....they are non dischargable in bankruptcy.
What type of loans are they? Federal or private?
If you are living paycheck to paycheck, how do you expect to come up with a lump sum to settle?
If you don't want to carry on the burden of debt, then I don't f
If you don't want to carry on the burden of debt, then I don't find any harm in taking the monetarily help of your parents or in-laws, and make a debt settlement. You can hire the services of a professional how have done debt negotiation for several others in the past.
