Question: Dear Steve, I have a defaulted student loan that was subject to wage garnishments. After several months of $400/month being taken out of my checks beyond my control, I was finally informed that 1099 employees are not subject to wage garnishments and that they would stop forcing my employer to cut my checks. However, …
Question: Dear Steve, I have a defaulted student loan from education at the University of California (education finished in 1994). My employer was just sent a set of papers, dated November 2, 2016, from FMS Investment Corp. — creditor agency for the U.S. Department of Education — to garnish my wages. I had never received …
Question: Dear Steve, Defaulted student loans, going through wage garnishments and tax offsets. My main question that I can’t seem to get an answer to, of I enter into direct consolidation, what happen to the money that’s already been garnished? Does it just get lost to whoever the debt was sold to? Let’s say my …
Question: Dear Steve, I have a loan that is currently up for wage garnishment by Texas Guaranteed. I just started a new job, my first salaried position and my HR just alerted me that they have asked to garnish my check and they already took my tax refund. I have an AmeriCorps Segal Education award …
This is going to be a really boring post on Administrative Wage Garnishment Procedures. It’s an important issue though because many people with defaulted federal student loan debt are surprised when their wages are garnished. However, there are options. The new rules out today will help described all the choices people have to attempt to …
Question: Dear Steve, I took out a $2,000 private loan and a $4,000 Federal loan in 1997. It was to cover an accelerated program at Albertus Magnus College in CT. I was pregnant at the time and also suffering from depression and anxiety. But since I couldn’t drive anywhere myself because of my panic I …
Question: Dear Steve, Recently contacted by consolidation group about consolidating my student loans I also have a wage garnishment on my recent paystub’s from my college institution I was wondering if consolidation would remove that garnishment from my current paystub’s the person I spoke to you about the consolidation told me that that would not …
I can’t tell you how frequently people ask me for the best advice to deal with an Administrative Wage Garnishment for a federal student loan. It’s quite often. And the tragedy is the wage garnishment could have been easily avoided. The loans should never have been allowed to get to that point because there are …
“Dear Steve, My husband received a call from the EOSCAA in Nov, 2013 that he owed $56000 on a student loan. Between Nov 2013 and March 2014 we tried to get to the bottom of the situation. In March the EOSCAA began garnishing his wages, twice a month at a rate of near $1000. I …
“Dear Steve, My check is getting garnished until dec 17th after that they said i can make a payment arrangement and they will send out another garnishment can i tell them what i can pay a month or do they tell me what to pay? Viola” Dear Viola, There are two ways a paycheck could …