I'm OK with garnishment, why rehabilitate?
The collection agencies job is to get you out of default, either
The collection agencies job is to get you out of default, either by consolidation or rehab. It will help your credit by helping your rebuild it.
Once the rehab is done and funded, apply for a Direct Loan Consolidation. You regain deferment/forebearances priveleges. Plus you wont have your income tax return seized.
Thank you for your response, perhaps you could answer one more c
Thank you for your response, perhaps you could answer one more concern I have...
I was told by the collection agent that once I returned the signed rehabilitation form they would send a request to my employer to lower the garnishment percentage. He said he could not completely stop the garnishment but lower it to 1%.
Is it true that the garnishment cannot be stopped once in rehab?
How can I be sure he will keep his word and contact my employer to lower the garnishment?