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NewLife4Me

Student Loan garnishment

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My wife just got a call from her Student loan holder. They stated they were going to garnish her pay. They want her to sign a rehab paper and pay $2k to stop the garnishment. Does this seems right ? Is there any way around this to stop garnishment?

Also if we send them any type of payment and they accept does that stop garnishment for the simple fact they accepted payment?

American Educational Service is the name of the Loan holder

YEA, she made a bad mistake..SHE ACTUALLY TOLD THEM WHERE SHE WORKED AT..

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My wife just got a call from her Student loan holder. They stated they were going to garnish her pay. They want her to sign a rehab paper and pay $2k to stop the garnishment. Does this seems right ? Is there any way around this to stop garnishment?

Also if we send them any type of payment and they accept does that stop garnishment for the simple fact they accepted payment?

American Educational Service is the name of the Loan holder

YEA, she made a bad mistake..SHE ACTUALLY TOLD THEM WHERE SHE WORKED AT..

Ok, how bad are the Student Loans? If AES is still the loan holder, then she's not yet defaulted and gone to a guarantor. Then that's when ---- starts hitting the fan.

If the loans are in fact defaulted, she should do the rehab. If she gets garnished, she can appeal the garnishment but that's a process that you're going to have to google. Your wife is still ok to do some sort of arrangement that doesn't involve $2k. Plus, AES is pretty easy to work with as that's who serviced both my original loan and rehabbed loan. But they don't want to delete my original one....lol. (It's going away in 2 years anyway).

How are the loans being reported on her CRs NOW?

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Do the rehab but let them know that you need to go on an income sensitive payment plan since there is no way to come up with the $2k income and immediate garnishment will place you below the poverty level.

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