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Your rights are extremely limited. If you have a specific question, please repost.

The previous person who said that cannot collect after 3 years was completely incorrect; federal student loans have no statute of limitations whatsoever, and ED is still collecting on loans from the 1960s. Collectors of defaulted federal student loans will not negotiate, collectors of private student loans will negotiate.

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โˆ™ 2009-07-04 12:39:23
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Q: What are your rights in dealing with collection agencies for a defaulted student loan?
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Can you settle a defaulted student loan?

In the US, if the student loan is Federally Guaranteed then the answer is no. The Dept of Ed. and it's collection agencies will not negotiate or settle a debt. If the student loans are private, then the answer is yes. If you need help with your defaulted student loans, the company listed at the bottom of this text box can help you.


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.


Why isn't my defaulted student loan on my free credit report?

Some lenders report to one or two credit agencies, others report to all three. Have you checked all three reports? If you need help with your defaulted student loans, this company can help you: www.defaultms.com


Can social security and disability checks under 750 be garnished for defaulted student loans yes or no?

Yes, the collection agency can garnish up to 15% of your SSI for repayment of defaulted student loans. If you feel it is an economic hardship, you can contest the garnishment at the Ohmbudsman's office at the Dept. of Ed.


Why are debt collection agencies calling you?

Usually debt collection agencies only call if you have not paid a bill to one of their clients. Sometimes they come from credit card companies, health care companies, or student loans.


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 a student loan if you have defaulted on a student loan in the past?

In the US, only if you rehabilitate or consolidate the defaulted loans. To rehabilitate, you need to make 9-12 ontime payments to your current lender. If you need help with the consolidation of your defaulted student loans, I recommend www.defaultms.com


Can you have a federal garnishment if you already have a garnishment?

In the US, a defaulted student loan is turned over from the Guarantee agency to a Federally approved collection agency. This collection agency can garnish your wages. If your loans are with various lenders and turned over to multiple collection agencies after default, then I think it would be possible to have multiple garnishments, but collectively they can not be more than 15% of your salary. If more than 15% is being taken, then you should contact the Ombudsmans office at the Dept of Education. He is there to help you. If you want help consolidating your defaulted loans and stopping the garnishment, click on the link at the bottom of this text box.


If you catch up a defaulted loan can you get a another student loan?

In the US, yes you are eligible for additional student loans if you rehabilitate, bring current, or consolidate your defaulted federal loans. If you need help with the consolidation of your defaulted loans, click the link below.


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.


If you owed student loan money from Sallie Mae and it is now turned over to a collection agency can I be garnished?

Yes! If your student loans are with a collection agency they are in default. When student loans are in default the dept. of ed gives the collection agencies "CARTE BLANCHE" to collect the money by any means necessary. Wage garnishnent is only one.


What can you do about not paying your student loans?

Be careful making that decision. Defaulted student loans stay on your credit indefinitely. You will have trouble ever getting a house or car loan with defaulted student loans. There is no statute of limitations on collections of defaulted student loans. Collectors can garnish your wages, keep your tax return, and garnish social security later in life. You can not discharge student loans in bankruptcy either. Be careful!


When was Harvard Student Agencies created?

Harvard Student Agencies was created in 1957.


Can you receive the GI Bill if you have defaulted student loans?

No they check on that.


Can you get a mortgage in default with student loans?

Most likely no. A defaulted Federal student loan is as bad as an IRS lien.If you need help with your defaulted student loans, contact Default Management Services. You can get their phone # from Google. Ask for Doug


Can your private pension be garnished for a defaulted student loan?

I am a Federal Student loan expert and I have never heard of a private pension being garnished for defaulted student loans, so I would say no. If you need help getting out of default on your student loans, click on my profile, StudentLoaner, 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.


Is it possible to reconcolidate defaulted student loans?

In the US,it is certainly possible to consolidate your delinquent or defaulted student loans. Most lenders will not accept them, but a few will. If you need assistance with the consolidation of your loans, click on the link at the bottom of this text box.


Is wage garnishment for a defaulted student loan considered an outstanding judgment?

In the US, a student loan collection company that is garnishing your wages will already have a court judgment against you. You can get out of the judgment and garnishment by consolidating your loans. Click the link at the bottom of this text box to get help with the consolidation of your loans.


Can you lose your home for default on student loan?

No, the government will garnish wages, keep tax returns, and harass you, but they will not seize property for defaulted student loans. The best thing you can do with a defaulted student loan is consolidation. With consolidation, you can get an income sensitive repayment. In other words, you can get a payment that your budget can afford. The payment can be as low as $0 a month, depending on your income and dependants. You can get assistance with consolidation of defaulted loans at www.defaultms.com


Can a loan company come and get your property even if your not the one who took out the loan?

If you are talking about Federal guaranteed student loans, then the answer is no. Federal collection agencies do not repossess property.


Can you be denied Medicaid or Section 8 due to student loan default?

No, but some federal benefits (like Social Security) can be offset to satisfy defaulted student loans. Some borrowers who have not yet defaulted also qualify for a deferment of their student loan payments while receiving public assistance.


Receiving student loan when being in Default?

In the US, you can only get a new student loan if you rehabilitate or consolidate the defaulted loans. To rehabilitate, you need to make 9-12 on time payments to your current lender. If you need help with the consolidation of your defaulted student loans, click on the link below


How do you stop a student loan wages garnisment?

You should consolidate your defaulted student loans and stop 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 defaulted student loans, click on the link below


When dealing with a school who are their customers?

A school's customer is the student and/or parents of the student.

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