Asking for my son.......... can DCS garnish wages without a court judgment? I was told not. His loans are from state universities in Wisconsin and they are substantial (undergrad and masters both). Please advise. He now works and lives in the Twin Cities / MN.
Note: they did threaten to garnish his wages in a recent letter
Sub: #1 posted on Mon, 03/28/2011 - 10:19
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Sub: #2 posted on Mon, 03/28/2011 - 13:56
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Sub: #3 posted on Tue, 03/29/2011 - 04:43
Sub: #4 posted on Tue, 03/29/2011 - 04:49
Sub: #5 posted on Tue, 03/29/2011 - 04:52
Great Lakes is a FFELP lender. These are federal loans. It really doesnt matter what it paid for.....that is irrelevant.
He has a masters degree? Quite frankly, he should be the one doing the research and asking the questions. He needs to understand the situation he has gotten himself into. There (in my humble opinion), no reason to default on a federal loan. There are deferments and forebearnaces up the wazoo. He could have consolidated thru the Direct Loan Program. He needs to start taking responsiblity.
Sub: #6 posted on Tue, 03/29/2011 - 05:08
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On the Key loan side I don't know that's he's ever made a payment. They did contact me recenty as once during his early years in college as an undergrad I co-signed his application for a semester. My question is can the bill collectors on that loan (amount grew each semester when he requested more money) come after me for the total amount of the loan if I only co-signed for one semester??
Bottom line is my son just keeps ignoring all of it and refuses to contact them.
What would it cost him to get advise from someone who's knows this "stuff" unlike me for the most part? Please advise.
Note: I am afraid to use names as I don't know who to trust or who might give the information to DCS or other debt collectors. This is a major mess!
Sub: #7 posted on Tue, 03/29/2011 - 10:33
Sub: #8 posted on Tue, 03/29/2011 - 13:07
Thank god the Twin Cities has a good bus system....getting a car loan with a 20% interest rate is gonna hurt.
Maybe telling him that is going to cost him AND you a judgment on your credit....does he not take into account your finances? The private loans will sue.....both of you.
He needs to start reading...tell him to come here...I will set him straight. Or go Directly to the Department of Ed website....Direct Loan Consolidations....
Sub: #9 posted on Tue, 03/29/2011 - 18:39
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One last questions. Can the Key Loan people come after me for ALL of my son's debt even though I only co-signed one time for one semester for his loan? Shouldn't I only be on the hook for the amount he requested for that one semester, not every semester over the years? Please advise.
Sub: #10 posted on Wed, 03/30/2011 - 04:46