Can your disability benefits be garnished if your student loan is over 10 years old?
Yes, Social Security CAN and WILL be garnished for defaulted student loans. Theyll take anything over 750 or 15% whichever is more. Just try getting it dismissed for disability, Its IMPOSSIBLE!! No matter how long you've been on disability!! PS They wont allow government aid like food stamps to increase to make up difference either! GOD BLESS AMERICA! I borrowed 2250 25 years ago, (BIG MISTAKE)now with collection fees its almost 10000 and they'll harass me to the grave, even making me poorer then poorest person on welfare!! I LOVE this country!! NOT!!! and NO they do not lend money to people as dirt poor as I am and have always been to refinance!! I just LOVE this country!!
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Can a third party creditor garnish wages for a foreclosure on a home loan that is over 10 years old and has already been removed from your credit report?
Answer . No one can garnish anything unless they sue you first and win a judgment. If the statute of limitations has expired on the debt, then you would have an affirmativ…e defense in court should you be sued. The SOL period depends on state law. A 10 year old debt, however, should NOT be on your credit reports and can not be reinserted.
The answer is NO, SSI will NEVER be garnished, except to repay SSI overpayments, which can be recovered by a 10% reduction of benefits. SSI will NEVER be garnished for s…tudent loans, back taxes, etc. Regular social security payments (NOT SSI) can be garnished IF you draw MORE than $750/month. If you make LESS than $750/month, nothing can be taken from your earnings. A garnishment can take 15% or the amount OVER $750, whichever is less to repay a "non-tax" debt, such as a student loan.
IF the spouse was not married to the debtor at the time the debt was incurred, they can not legally recoup from you. For income taxes, you must file an injured spouse form - i…t is not legally your debt to repay. The same goes for garnishment. . Answer . It could definetely happen. But the odds are low. If you haven't paid for that long, they should at least of sent you a letter reminding you that you are behind in payments. If you don't pay at that time then yes, they could garnish your check.
Yes, the government can garnish up to 15% of social security income.. If you consolidate your loans, you can opt for an income sensitive repayment plan and possibly get a low…er payment than you are paying now. I have seen payments at $0 a month.. If you need help on consolidating your student loans, click on the link at he bottom of this text box.
What is the limit a WA resident can have their Social Security Disability be garnished for a defaulted student loan?
The lenders of Government insured student loans are given special consideration that virtually guarantees they will get paid. (Like it can't be dismissed in bankruptcy).
Your VA disability to my knowledge is untouchable to all creditors, to include child support, and student loans. Your student loans will affect your credit report negatively u…ntil it is in good standing. It will never go away or default. You can not claim it on a bankruptcy either.
Probably not, but if so i'd like to apply for one. Im unemployed and need to further my education.
No, you will not be eligible. If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Goog…le the name for a phone #. Ask for Doug, he is knowledgeable.
If they are Federal Loans, then contact the Dept. of Ed. Ohnbudsman office. If you need help getting out of default, or getting a garnishment lifted, then contact Default Man…agement Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
Yes, the Dept. of Ed. allows collection companies to garnish up to 15% of SSI benefits for Default Federal student loans. There are only 2 ways to get out of default on you…r Federally Guaranteed student loans. . Contact your collection company or student loan servicer and request to enter the rehabilitation program. Most people qualify, but I have seen some refused when the default is over 10 years old. In the rehabilitation program, you will need to make 9-12 on-time payments in addition to your garnishment. After the 9-12 on-time payments, they should stop the garnishment, but you will stay in a default status until your Rehabed loans are sold to a new lender. In the past, that was an easy process, but in these turbulent financial times, other lenders are not buying rehabed loans. So, with this option your loans will stay in a Default status for the forseeable future. . The second way you can get out of default and have your garnishment lifted is to consolidate your loans. These days very few Federal lenders will consolidate defaulted loans and your lender will probably not release the loan for consolidation while in a garnishment stage. The good news is, there are a few companies out there that will help you get a garnishment lifted and find a Federal lender to consolidate the loans. One good example is Default Management Services, Inc. They are the cheapest I have seen and give a 100% money back guarantee on their services. You can Google the company name to get the phone #. Ask for Doug.
(in the US) student loans are guaranteed by the government for the sole purpose of the borrower completing their education and becoming a contributing (and taxpaying) member o…f the community. As a general rule you are free from being garnished by the lender because the government guaranteed the lender they would be paid. How the government might approach you for your repayment to THEM is another matter. I have actually spoke with social security and they state that social security SSI can only be touched if you owe child support. It is need based and not even the government can take that from the individual. Call the Social Security/Disability office for further info.
where can I get a title loan in salt lake city Utah if my car is20 years old but has a new engine, transmission, everythingrebuilt, and I have paperwork to prove it.
If I've properly understood what you're trying to ask... until they're paid off, however many years that takes. Student loans are rather notoriously not discharged in a bank…ruptcy.
I have the same question and it took some time to get an answer...everthing I had read on the web for this question was an unrelenting "they can garnish and take anything." Ra…ther cruel I thought but I emailed a counselor with the Dept. of Ed. and they wont garnish a benefit over $750. Amounts above this they take the offset.
Yes, if it was a federally insured student loan or a federal student loan , within limits. Often what occurs is the monthly disability check will be reduced each month a…t an amount that allows one enough income for basic expenses and provide a sum for the repayment of the loan, until the loan is repaid in full.