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Can Sallie Mae garnish your new husband's wages or taxes on two student loans that you cosigned with your ex-husband - which are now in default?
Wiki User
∙ 14y ago
I have 7 years experience in Defaulted student loans and can not definitively answer this question. My professional opinion is no, but I suggest you call the Dept. of Ed. at 1-800-4Fed-Aid. If they can't give you a definitive answer, then contact the Dept. of Ed. Ohmbudsman's office.
If you want your name off of the defaulted student loans, have your ex-husband consolidate the defaulted loans in only his name. You will then be off the hook. It is tough to get defaulted student loans consolidated through a new federal lender these days. One company that I'm sure can help is Default Management Services, Inc. They are the cheapest I have seen and give a 100% money back guarantee on their services. You can Google the company name to get the phone #. Ask for Doug.
Wiki User
∙ 14y ago
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Yes they can. I have good news for you though. If you can get the borrower to consolidate the loans without your name as a cosigner, then you will be off the hook. I only know of one company that specializes in consolidating loans for borrowers that are in default, they are Default Management Services, Inc. You can Google the company name and get the phone #. Ask for Doug, he is knowledgeable.
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If in the US, a creditor can garnish up to 15% of your wages, keep any tax returns, and place a default judgment on your credit report. When you start receiving social security, they will garnish that also. You can get out of default within 60 days by consolidating the loans into an income sensitive repayment plan. You will also be eligible for up to 3 years of Deferment and Forbearance. Click below if you need help.
If your getting 50 percent of your check garnished by child support can student loans garnish more?
They can still garnish you, but you can appeal the garnishment through the Dept. of Ed. Ohmbudsman's office.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.
