I have been having my wages garnished for the past 6 months and would like to try and fix this problem. I have been looking online to see if I could consolidate my loans and haven't found a straight answer. I have around $29,000 in student loans. Can I consolidate my student loans that are in garnishment?
I applied for student loan consolidation here: www.loanconsolidation.ed.gov
I just don't want to wait around if there answer is for sure NO.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.