Stop Student Loan Wage Garnishment
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All Comments (33)
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@jp827855 I didn't post this video......
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@slvr94civic smh. Here's your quote "there are a lot of people who do NOT want us making this information available to people like you" -as if you are EXPOSING some loophole when in fact, you're saying exactly what we've already heard by the dept of ed. To pay your loans or be garnished. You make it as if you're actually revealing new information, and you're not. This is like my tax collector telling me here's how to get the gov't off your back about back taxes, PAY YOUR TAXES.
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@jp827855 You don't have to believe me, but I am a VERY credible source on this...I happen to work for an agency contracted by Dept of Ed to collect on defaulted loans. People call in crying all the time that their wages are being garnished and if they would have just cooperated in the first place and ANSWERED THEIR PHONE they would have been given plenty of alternatives.
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@slvr94civic Uh huh, sure..
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@redcomusic WRONG..THIS IS A HORRIBLE THING TO DO IN DEFAULT. When you're in default and you consolidate, ALL OF THE PENALTY FEES ARE CONSOLIDATED AS WELL....which means there will never be a way to get out of them. The best option when in default is to enter into a rehabilitation. You make 9-10 month payments towards your account and your loan gets pulled out of default. WHEN IT DOES, ALL OF YOUR COLLECTION PENALTIES ARE WAIVED!
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@slvr94civic As if there's a difference in interest incurred...This is the only answer to those in default - and a good answer at that.
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@zadeh79 LOL YOUR LAWYER WILL TELL YOU TO PAY YOUR BILLS!
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@MrLadybug2011 Harsh Laws? Hmm..you car is repossessed if you don't pay for it....why shouldn't your wages be taken to pay for your student loans? PAY YOUR BILLS!
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@redcomusic DONT EVER CONSOLIDATE YOUR LOANS IDIOTS...IT CAPITALIZES ALL INTEREST AND PENALTY FEES INTO A NEW PRINCIPAL BALANCE>>>WHICH THEN ACCRUES INTEREST
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@jp827855 There is nothing misleading about this video. If you fail to pay your student loans all of this can happen...(you will not be sued until your balance is higher than like 50g and your account has been with Dept of Ed for at least 3 years).
Government and ECMC or any student loan default collectors. Stop this red tape way of taking our human and civil rights away to settle our defaulted student loan debts. Government uses red tape forced laws to keep us in debt. Where is the saying we the people and for the people and IN GOD WE TRUST! If we default we are treated like a common criminal but if the government does it it is called garnishing and offset. Same thing embezellement and grand larceny. Common government were not stupid! Cad
MrLadybug2011 9 months ago 3
GREAT STUFF!
FaithfulAndTrue1 1 year ago 3