Subscribe to our mailing list

X

How Can I Stop My National Collegiate Student Loan Wage Garnishment?

By on July 25, 2016

Question:

Dear Steve,

I went to college as a nontraditional student, but was not financially very smart. I am married with 2 kids and it seemed like the best solution at the time to take out the loans.

My college hours and radiology program that I was in was very time consuming and demanded dedicated study to pass the courses. Clinical hours were 5 days a week plus class attendance.

After finishing school, a few years later I was involved in a car accident and was unable to work for extended periods of time. I got behind on the payments and by the time I went back to work they sued and garnished my wages. Several times I have come close to losing my home due to this garnishment. We have considered bankruptcy but from everything that I have read, student loans are hard if not impossible to include.

Is there any way to apply for forgiveness or have the garnishment stopped? All the loans are through National Collegiate.

Tamara

Answer:

Dear Tamara,

National Collegiate loans are problematic and there is significant concern about National Collegiate Student Loan Trust loans. See my past stories here.

Now that you’ve been sued and have a garnishment this issue is not going to be as straight forward as if you were defending yourself in the first suit.

Getting some help from a student loan attorney or bankruptcy attorney with student loan experience would be very helpful. I would suggest you find an attorney who is licensed in your state to represent you.

I would guess that with some competent legal representation you could get the garnishment stopped and a settlement on the amount you owe.

Bankruptcy would stop the garnishment but your bankruptcy attorney would have to be willing to fight the loans or negotiate them by engaging in an additional step known as an Adversary Proceeding.

The tough part here is not if there are solutions but finding the right attorney with experience to represent you. What you want to find is a firm, like this one, who has extensive experience in dealing with these issues.

READ  National Collegiate Student Loan Trust Debtors Could be on Verge of CFPB Victory to Help

morehelp1
Choice1 Choice2 Choice3 Big Hug!
Get Out of Debt Guy - Twitter , G+ , Facebook
If you have a credit or debt question you'd like to ask just use the online form .

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s Privacy Policy and Terms of Use and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Share a Comment / Leave a Reply

%d bloggers like this: