Will consolidating my debt stop garnishment
I was also broke and about ,000 in debt to the U. So, while I tried to figure out what career I wanted to pursue, I went back to serving to pay the rent.
The government, unlike lenders, can garnish your wages without taking you to court. Basically, defaulting on your federal student loans puts you in a terrible spot.Of course, life didn’t go as smoothly as I had envisioned as an 18-year-old. Fortunately, I had a six-month grace period before I had to start repaying my loans after graduating and I was confident something would turn up.This became glaringly apparent 10 years later, when I received an email from the HR department at my company: We are commanded to immediately remit 15% of your disposable pay to the U. But six months later, the only career-related job I’d found was an unpaid internship at a small literary agency.If you are unsuccessful, then your tax refund and other federal payments will be offset.
For more detailed information about Treasury offset or the review process (including how to request a review), contact your to collect your defaulted debt without taking you to court.This withholding (“garnishment”) continues until your defaulted loan is paid in full or removed from default.