ok....lot's of interest, big bill due$$ - CA (3rd party) called to say garnishment is inevitable. Is there an authority that states one has to be employed at least a year in current job before they can garnish?
I'm going to call the Dept of Education...here goes, any extra info? Please help.
Full Version: Garnishment - Student Loan default question
QUOTE(xntexas @ Dec 7 2006, 08:31 AM) 
ok....lot's of interest, big bill due$$ - CA (3rd party) called to say garnishment is inevitable. Is there an authority that states one has to be employed at least a year in current job before they can garnish?
I'm going to call the Dept of Education...here goes, any extra info? Please help.
I'm going to call the Dept of Education...here goes, any extra info? Please help.
The year only applies if you were "involuntarily seperated" from your previous job.
Thank you for your response.
In addition: Conversations with the US Dept. of Education and Pioneer Credit Recovery (CA) were helpful.
Bottom Line: sent a Statement of Financial Status to US Dept. of Education, National Payment Center which serves as a "good faith letter", sent good faith payment "STRAIGHT" to the Nat'l payment center. I then called the CA, informed them of what I had done per US Dept. of Education employee guidance.
I met lots of resistance...last thing the CA told me was "...as long as you send in good faith payments to the National Payment Center, we won't Garnish..."
So, don't send good faith payments to the CA, but straight to the National Payment Center.
1st visit: 1800IWillPay.com
In addition: Conversations with the US Dept. of Education and Pioneer Credit Recovery (CA) were helpful.
Bottom Line: sent a Statement of Financial Status to US Dept. of Education, National Payment Center which serves as a "good faith letter", sent good faith payment "STRAIGHT" to the Nat'l payment center. I then called the CA, informed them of what I had done per US Dept. of Education employee guidance.
I met lots of resistance...last thing the CA told me was "...as long as you send in good faith payments to the National Payment Center, we won't Garnish..."
So, don't send good faith payments to the CA, but straight to the National Payment Center.
1st visit: 1800IWillPay.com
QUOTE(xntexas @ Dec 8 2006, 09:30 AM)
Thank you for your response.
In addition: Conversations with the US Dept. of Education and Pioneer Credit Recovery (CA) were helpful.
Bottom Line: sent a Statement of Financial Status to US Dept. of Education, National Payment Center which serves as a "good faith letter", sent good faith payment "STRAIGHT" to the Nat'l payment center. I then called the CA, informed them of what I had done per US Dept. of Education employee guidance.
Technically since the CA is handling the account, sending a letter to the DOE does you nothing. There is nothing good faith about it. The CA's are responsible for negotiating all payment plans. Be careful....you miss a payment, you will find yourself in AWG quicker than you can blink.
I met lots of resistance...last thing the CA told me was "...as long as you send in good faith payments to the National Payment Center, we won't Garnish..."
So, don't send good faith payments to the CA, but straight to the National Payment Center.
All payments on default DOE accounts go to the National Payment Center.They never go to the CA.
1st visit: 1800IWillPay.com
In addition: Conversations with the US Dept. of Education and Pioneer Credit Recovery (CA) were helpful.
Bottom Line: sent a Statement of Financial Status to US Dept. of Education, National Payment Center which serves as a "good faith letter", sent good faith payment "STRAIGHT" to the Nat'l payment center. I then called the CA, informed them of what I had done per US Dept. of Education employee guidance.
Technically since the CA is handling the account, sending a letter to the DOE does you nothing. There is nothing good faith about it. The CA's are responsible for negotiating all payment plans. Be careful....you miss a payment, you will find yourself in AWG quicker than you can blink.
I met lots of resistance...last thing the CA told me was "...as long as you send in good faith payments to the National Payment Center, we won't Garnish..."
So, don't send good faith payments to the CA, but straight to the National Payment Center.
All payments on default DOE accounts go to the National Payment Center.They never go to the CA.
1st visit: 1800IWillPay.com
Thanks for your input...yes, I'm being careful and if you send money in to the CA - they will return it and there's nothing you can do about it, nothing good faith about that is right.
What do you mean does nothing...it stops the garnishment. I'm not making this up, this is what the 'supreme' CA Dude told me, which confirms what the DOE employee 'name has been recorded' said would happen.
How long have you been an ex - employee?
What do you mean does nothing...it stops the garnishment. I'm not making this up, this is what the 'supreme' CA Dude told me, which confirms what the DOE employee 'name has been recorded' said would happen.
How long have you been an ex - employee?
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