Old student loans
Date: Sun, 11/13/2011 - 20:31
I have student loans from the year of 1999. Shouldn't those already be removed since its past 7-10 year period and there has NOT been ANY actions concerning them. Also, now they are garnishing my taxes for repayment. Help???
Quote:I have student loans from the year of 1999. You borrowed t
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I have student loans from the year of 1999. |
You borrowed them in 1999? When did you default??
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Shouldn't those already be removed since its past 7-10 year period and there has NOT been ANY actions concerning them. |
Not necessarily. When did you default? Who was your original lender?
If your loan started off as a FFELP loan it is possible the loan could have been subrogated by the USDOE which would start the reporting clock again.
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Also, now they are garnishing my taxes for repayment. Help??? |
What help do you want? Have you tried to get back into repayment? There is no SOL for student loans and they are capable of garnishing your wages without a court order.
I amy be mistaken but I thought the loans take 20-25 years in or
I amy be mistaken but I thought the loans take 20-25 years in order to be dismissed. also are there multiple loans?
Quote:I amy be mistaken but I thought the loans take 20-25 years
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I amy be mistaken but I thought the loans take 20-25 years in order to be dismissed. |
you are very mistaken. Loans are NEVER dismissed just because time has passed. Loans can be forgiven after 20-25 years but you must be in repayment that whole time.