I have a student loan from 27 years ago that I am now being asked to pay( $6500.00 with interest and penalities). I found out that there is no statue of limitations on govt sponsered student loans. I’ve been contacted by a collection agency that says they work on behalf of the US Department of Education. They sent me a letter that says they are going to garnish my wages unless I can claim hardship.
My question is: is it safe to fill out the financial statement they have enclosed. I have a small line of credit from a credit union can they touch that. I also have a condo can they touch that. My problem is I am a salesman and times are tough. I am living paycheck to paycheck and barely can pay my bills. Do I have any thing in my favor at this time. One last question: any advice on how to handle the debt collector. The attitude I have encountered so far is I am God and you will do as I say. Do I have any rights at all.
Thanks in advance for any help
Rick
Lots of people have got caught on old student loans they failed to pay. Uncle Sam never forgets. One day he shows up wanting the money plus interest. Normally they keep all tax return money to satisfy the debt., take your savings and checking accounts, and file liens on any real property you own and get their money when it sells. I am surprised they didn’t do that in your case.
Are you sure these guys are legitimate? I have never heard of the U.S. Government using private collection agencies. The IRS is the collection agency used by Uncle Sam.
Some states have telephone harassment statutes that forbid collection agencies or agents contacting you after you tell them not to contact you anymore.
At that point, they are required to go to court, get the judgment, and start filing liens against your possessions and garnish your wages without contacting you, other than in writing giving court dates and the such.
I suggest you tell them your situation and say you will pay what you can when you can. They can’t get blood out of a turnip if the turnip doesn’t have blood. They can take your condo if they want.
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I owe the Dept. of Education $3,700 from a student loan. I keep getting the calls from Allied Interstate regarding paying the loan, etc. They don't seem to understand that right now I have no income coming in since I just moved back from abroad to the USA with my wife and daughter and we are staying with my mother in her home. I am actively seeking a job and have had several interviews. Allied Interstate wants me to go work at McDonalds to pay. My wife gets about 100 dollars a week for us to buy food with, baby stuff, etc. I want to pay this debt off, but of course I cannot at the moment. If I were to offer to pay $20 dollars a month until I find employment and start paying a larger chunk…would they accept this? They have already threatened to garnish my wages as soon as my W-2 goes through from an employer and that it is going to litigation.
if you're getting collection calls your credit probably isn't too good. tell them you're in a financial crunch and they can either get some money, or no money. see if they'll accept a smaller amount, or if they can make some kind of payment arrangement.
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I unoffficially represented a former friend who has defrauded the U.S. FAFSA Department of Education of $40K of student loans and other debt, moving to the Philippines and now is committing corporate fraud on public documents submitted to the Philippine and Hong Kong stock exchanges. I have attempted to contact the Philippine government without success and the US Department of Education, does not have investigators. I have already sent the material to USDOJ. Any suggestions would be helpful as he is now a dual citizen due to the Citizenship Reclamation Act of 2003and has dual citizenship of the U.S. and Philippines. Any help would be appreciated.
A bullet to the knee cap would keep him from running away.
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Each year, Federal Student Aid disburses more than $80 billion in federal aid to eligible students and their families for education beyond high school. This message is brought to you by the U.S. Department of Education.
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School loans have become a necessity with the cost today’s College Education. After graduating, School loan consolidation can be a smart option by lowering your interest rate and combining all outstanding loans in to a new school loan with a lower apr. School Work has provided some helpful links from school loan companies and other helpful resources. We’ve provided several school loans resources, including the site for the U.S. Department of Education. We encourage you to take your time and compare multiple lenders and resources, and involve your parents or a financial advisor before actually applying for school loan.
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