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Do you never return what you borrow?

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โˆ™ 2005-11-30 10:25:14
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Q: If a student loan was obtained 15-16 years ago can they put it back on your credit report for default and can they garnish your joint bank account if no money has ever been paid?
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Repossess for a defaulted student loan?

In the US, the Dept of Ed. does not reposes anything on the repayment of Federally Guaranteed Student Loans. They will only garnish wages, garnish social security, and keep tax returns. If you need help getting out of Default on your student loans, click on the link at the bottom of this text box.


Can salle Mae student loan garnish your wages in the state of Texas?

Yes, Sallie Mae can garnish wages in every state.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.


What can happen if you default on your student loan?

In the US, if you don't pay your student loans for 270 days, they become default. When they become default, the collection agency will start to garnish your wages and the government will keep all future tax return refunds. You should consolidate your student loans and prevent the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your student loans, i recommend www.defaultms.com


Default on a student loan?

In the US, if you don't pay your student loans for 270 days, they become default. When they become default, the collection agency will start to garnish your wages and the government will keep all future tax return refunds. You should consolidate your student loans and prevent the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your student loans, click on the link below.


What does it mean when you are in default on your student loan?

In the US, if you don't pay your student loans for 270 days, they become default. When they become default, the collection agency will start to garnish your wages and the government will keep all future tax return refunds. You should consolidate your student loans and prevent the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your student loans, click on the link below.


How much will be garnished for student loan?

In the US, the government can garnish up to 15% of your wages for defaulted federally guaranteed student loans. You can get out of default by rehabilitating your loans in 12 months, or by consolidating your loans. If you need help with the consolidation of defaulted student loans, click on the link below.


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.


Can child support garnish student loans?

no


If a deferrment on a student loan has been done will IRS still garnish?

if a deferrment has been done on a student loan wll IRS still garnish refund.


What happened when a default judgment for student loan is placed?

In the US, if you don't pay your student loans for 270 days, they become default. When they become default, the collection agency will start to garnish your wages and the government will keep all future tax return refunds. You should consolidate your student loans and prevent the wage garnishment. You can get an income-based repayment plan and pay as little as $0 a month, defending on your income and dependants. If you want help with the consolidation of your student loans, click on the link below.


In Florida can they garnish wages for student loan?

Yes


Can a creditor garnish your student loan?

yes, they definitely can and will.


What is garnished student loan?

In the U.S., a garnished student loan happens when a borrower becomes Default on the outstanding loans which causes a collection company to garnish the wages of the borrower. Garnishment is when an employer deducts money from an employee's paycheck and sends it to a collection company. Garnishment of Federal Student Loans has a cap of 25%.One online company that helps default borrowers get a garnishment lifted is Default Management Services, Inc. You can Google the company for the phone #.Ask for Doug.


What legal action can a creditor take on default student loans?

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.


Can you get a student loan default off credit?

Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.


Can a student loan garnish a jointly owned bank account in Maryland?

It's possible for a bank levy to be placed on a joint account, it really depends on how the account is set up. Whether or not it is a marital account, a joint account with survivorship rights and so forth may determine what legal action can be taken.


Can wage be garnish in MA for private student loan?

Yes, they can.


Can student loans garnish unemployment income in Nevada?

yes


Can you get a student loan if one of your parents is in default on their student loan?

Yes.


Can private student loans garnish your income taxes?

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.


What is student accountability?

i think a student account is when students has an account :D


How can one get a student loan?

Student loans are obtained by contacting the financial aid office at a college or university. Some student loans can be obtained from local banks as well.


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 you defaulted in a private student loan how long will it take to garnish wages?

All collection agencies are different, there is no set guideline.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.


Can you still get financial aid if you are in default on a student loan?

In the United States, you cannot receive Federal student aid if you are in default on a Federal student loan. If you have defaulted on a private loan, this will depend upon where you are trying to get additional student aid from.