0
Can both your wages be garnished and your tax refund taken for defaulted student loan or just one or the other?
Wiki User
∙ 13y ago
both...untill its paid off.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Wage garnished student loan paid off can you get another student loan?
Yes, if you paid off a Defaulted student loan and don't have any other defaulted student loans, then you are eligible to get new Federally Guaranteed student loans.
Can you get your student loans paid for by joining the peace corp?
if you paid off a Defaulted student loan and don't have any other defaulted student loans, then you are eligible to get new Federally Guaranteed student loans
Can your tax refund be garnished if federal loan not in default?
Generally garnishment occurs only in cases where a loan or other debt is, or has been, in default. (Although I've heard of cases where parents volunteered to have child support garnished so they didn't have to worry about missing a payment.) There are only a few types of debt that can be legally garnished: alimony and/or child support, student loans, and deliquent federal taxes. The payment terms of your loan should be clearly defined and specifically include the amount and date the payments are due. Garnishing your refund while your account was current would be demanding payment before it was due. If you are not currently in default and have never been, then there is no reason to assume your tax refund would be garnished. However, if you've previously been in default and not brought the loan completely current, they might garnish the portion still in arrears.
If student loan is being garnished can they garnish tax refund?
If your student loans are being garnished, you can count on your name being on the tax offset list, meaning that they will apply your refund amount to your loan repayment.If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
If EIC earned income credit is more than refund can student loans take your taxes Bankruptcy and other agencies cannot take your tax refund when eic is greater in amount than that of the refund?
Any federal or state agencies (including student loan and child support) have the right to take any amount due from your refund. It has nothing to do with EIC and they have the right to take the whole refund you are due if you are in default or have a judgment against you.
Can a disability check be garnished if debtor is in jail or prison?
It depends on what the money is owed for. Your check can and will be garnished if you owe money for child support, back taxes, student loans, owe money the state you live in. Other than that, no, regardless if you're in prison or not.
If your wages have been garnished can they withhold your federal tax return?
Tax refunds can be taken to pay what is called tax liens or offsets. If you owe any unpaid debt to a State or Federal Government Agency then yes, your tax refund will be taken to apply to this debt. Most common item that result in offsets are Defaulted Student Loans, Overpayment of Social Security Benefits, Overpayments of Food Stamps or other social assistance programs, Debt of prior income tax for state or federal taxes, and other government debts that you have with a federal or state agency.
What is the North Carolina laws on garnishment of wages?
North Carolina permits wages to be garnished in very limited circumstances. Wage garnishments are allowed for unpaid income taxes, court ordered child support, child support arrears, and defaulted student loans. Other creditors cannot garnish wages in North Carolina.
Should you continue having your wages garnished or should you set up an installment plan with your education loan lender?
If you have the option of setting up an installment plan with your student loan lender (or any other lender), that is always a better bet than having your wages garnished.
Can you apply for student loans if you have defaulted on your previous student loans?
If you are living in the US, then the answer is no if the loans are in default. You will not be eligible for another Federal student loan until the loans are rehabilitated for 12 months or consolidated. If you need help with consolidation of your defaulted loans, please click on the link at the bottom of this text box. In some other countries, student loans can be awarded as long as you fill the requirements (i.e. are a student at an approved institution and have a minimum of courses). You can simply keep adding to the loans and pay them off later when you finish studying, or while paying them off.
Can you be garnished if receiving social security on outstanding student loan in PA?
Yes, your social security benefits can be garnished if your Federal student loans are in default.There are only 2 ways to get out of default on your Federally Guaranteed student loans.Contact your collection company or student loan servicer and request to enter the rehabilitation program. Most people qualify, but I have seen some refused when the default is over 10 years old. In the rehabilitation program, you will need to make 9-12 on-time payments in addition to your garnishment. After the 9-12 on-time payments, they should stop the garnishment, but you will stay in a default status until your Rehabed loans are sold to a new lender. In the past, that was an easy process, but in these turbulent financial times, other lenders are not buying rehabed loans. So, with this option your loans will stay in a Default status for the forseeable future.The second way you can get out of default and have your garnishment lifted is to consolidate your loans. These days very few Federal lenders will consolidate defaulted loans and your lender will probably not release the loan for consolidation while in a garnishment stage. The good news is, there are a few companies out there that will help you get a garnishment lifted and find a Federal lender to consolidate the loans.If you need additional help, click on my user name, "studentloaner", below.****Actually, you should check your contracts carefully. Student Loans can NOT be consolidated after default. Check before you count on the service, guarantor or lender to do anything. Read the fine print. I speak from personal experience***The above statement is incorrect. Default Federal student loans that are not being garnished CAN be consolidated. I do it everyday. If a defaulted loan has a wage garnishment attached, then the underlying defaulted loan may or may not be consolidated, depending on the guarantee agency. About 80% of the guarantee agencies will allow a consolidation while be garnished, the other 20% will not. I have helped people with their Federal student loan problems since 03/2001, so I know what i am talking about.
Can negotiation be made to not seizing all the refund on a student loan debt?
If you are talking about an Income Tax refund, the answer is no. The IRS does not negotiate the seizure of tax refund checks on Defaulted student loans. If you already filed your tax return this year, then you are out of luck. If you have not filed your return yet, then there may be hope of getting your return this year. If you get your loans out of default, you will be removed from the tax offset list and get your refund check.I am an expert on student loans and can help you get out of garnishment and default. Click on my user name, "Studentloaner", below to obtain my contact information. Here is some useful information about defaulted loans:There are only 2 ways to get out of default on your Federally Guaranteed student loans.Contact your collection company or student loan servicer and request to enter the rehabilitation program. Most people qualify, but I have seen some refused when the default is over 10 years old. In the rehabilitation program, you will need to make 9-12 on-time payments in addition to your garnishment. After the 9-12 on-time payments, they should stop the garnishment, but you will stay in a default status until your Rehabed loans are sold to a new lender. In the past, that was an easy process, but in these turbulent financial times, other lenders are not buying rehabed loans. So, with this option your loans will stay in a Default status for the forseeable future.The second way you can get out of default and have your garnishment lifted is to consolidate your loans. These days very few Federal lenders will consolidate defaulted loans and your lender will probably not release the loan for consolidation while in a garnishment stage. The good news is, there are a few companies out there that will help you get a garnishment lifted and find a Federal lender to consolidate the loans.If you need additional help getting your loans out of default, click on my user name, "studentloaner", below.
