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Yes, they can and if you don't call them to take care of it, they will. I have seen it happen to more than one person. They will give you a chance to get your loans out of default, but if you move wrong, you will lose that privilege.

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Q: Can private student loans garnish your income taxes?
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Related questions

Can student loans garnish unemployment income in Nevada?

yes


What are student loans?

The private student loans are the loans arranged by the student through any of the private banks at a fixed interest rate. To apply to these private student loans you need a cosigner unless your credit rating is too good and you have a source of income.


What are private student loans?

The private student loans are the loans arranged by the student through any of the private banks at a fixed interest rate. To apply to these private student loans you need a cosigner unless your credit rating is too good and you have a source of income.


Can new york state garnish wages for a student loan with out going to court?

If they are Federally Guaranteed student loans, then yes they can. If they are private student loans, then no they can't. You can consolidate the defaulted loans and skip the garnishment. This company can help you: www.defaultms.com


Do you have to pay for a student loan that was made 35 years ago?

Yes, there is no statute of limitations on the repayment of student loans. Federal collection agencies will try to collect on the loans even into retirement. In fact, the Dept. of Ed. will garnish Social Security income for defaulted student loans.


What is the statute of limitations on private student loans in Florida?

what is the statute of limitation on private student loans in florida


Can private student loans be consolidated with federal student loans?

Sometimes private student loans can be consolidated depending on certain factors including the rules of your lender, whether you are in deferrment or default and your credit score. You cannot however, consolidate federal student loans and private student loans together.


Can you consolidate Private student loans into federal student loans?

no. you will have to consolidate separately. with a federal lender then a private lender.


If you receive ssd and some income can creditors garnish wages?

In most cases NO. However, student loans, child support and taxes payments aren't exempted from granishment.


Are there sites to explain private student loans?

There are many sited that will explain private student loans. Some are www.salliemae.com and www.suntruststudentloans.com.


What is the difference between private stafford and plus student loans?

What is the difference between private stafford and plus student loans?


where can I get a private student loan?

Private student loans are credit-based, non-federal student loans that can help you cover any school expenses you have remaining when scholarships, grants, and federal student loans arenat enough.