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What happened when a default judgment for student loan is placed?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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What are a secured partys rights on a debtors default?
The secured party's right after default includes taking possession of the collateral of the debt. If the collateral does not cover the full amount of the debt than a judgment can be placed on the debtor to get the remaining money.
Will they take how much you owe in student loans out of your taxes?
Not out of your taxes but they will take it from your tax refund. If you are on time with your payments and are not in default, they will not take your refund. The only way this will happen is if you are in default, then a lien will be placed on your tax refunds.
If you had a levy placed against your bank account in 2005 and nothing has happened since can action still be taken at a later time?
In all likelihood it would be necessary for the creditor to refile the judgment as a new bank account levy or even renew the judgment and then file. The action that can be taken by a judgment creditor is determined by the laws of the state where the judgment is entered.
Can a request for default judgment be filed if there was no summons?
Typically, a request for default judgment cannot be filed if there was no summons served on the defendant. The defendant must be properly notified of the lawsuit before a default judgment can be granted. It is important to follow the proper legal procedures to ensure that the defendant's rights are protected.
If you are head of household can a foreclosure judgment still be placed on you?
Yes.
Can a judgment be placed on you due to a deficiency in a repossession?
Yes, the lender can file suit for the outstanding amount and if they receive a judgment they can execute the judgment in the manner in which the laws of the judgment debtor's state allow.
What happened to the butter when placed under the sun why do you think this happened?
When butter is placed under the sun, it will melt.
Can a judgment be placed against you personally when when operating a business through a corportation?
Yes
Domain controller computer accounts are placed in what container by default?
Domain Controllers OU
Where is the root directory of the default website placed when ISS is installed?
C:\inetpub\wwwroot
Can a collector use a judgment to garnish your wages if you were not served a lawsuit summons and given a chance to defend yourself in court?
It is possible for a creditor to receive a judgment by default when the debtor does not appear on the date of the trial (hearing). In most instances all that is needed is for the creditor plaintiff to make a reasonable attempt to serve the person named on the civil summons and not necessary for the summons to be physically placed in the defendant's hands.
What is a Levy on real estate?
A forced "lien" or judgment on the property. Usually placed by the courts.
