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Can your wages be garnished by Federal and Private student loan lenders if you're a US citizen living outside the US?
Wiki User
∙ 13y ago
Yes, if you are a US citizen and your employer complies with the order of the court.
If your wages are paid by a US corporation, they are subject to following the order of the court. In the case of a foreign employer, they may, or may not, choose to carry out the court's order. So-called 'private' lender student loans are guaranteed by the government - so if you default on a 'private' loan the government just reimburses them, and you will wind up owing that debt to the government anyway. Consider this however, obligations to the government never expire. There are no statutes of limitation on debts owed to the government and they'll get you now, or they'll get you later.
Wiki User
∙ 13y ago
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What is the legal age to apply for a student loan?
The age requirements for private loans and federal loans differ. Many private lenders require that a student be at least 18 years old to apply for a student loan. However, this is not a legal requirement. The minimum age to apply for federal aid is 16.
How do I locate all your federal student loans and name of lenders?
I assume you mean = "How do I locate all my federal student loans and name of lenders" = try nslds.ed.gov
What are some reputable loan lenders?
There are reputable loan lenders include banks like CitiBank and Citizen's Bank. There are many loan lenders that are scams. You need to be careful when selecting a lender.
How can you find an investor to loan you money for a house?
look for private money lenders or hard money lenders on the internet.
The difference between federal direct student loans and pell grants.?
The federal direct loans come directly from the federal government instead of private lenders. I believe loans have to be paid back but most grants do not. you can find more information at federaldirectloans.com
What are the benefits of a private hard money lender?
Private, hard money lenders can be a benefit in that they may be able to provide you a loan if you have credit so low that mainstream lenders won't take a risk on you.
Does private financiers have first claim to profits or assets of a firm?
Lenders does.
What does FFELP mean?
Federal Family Education Loan Program. This program offers Stafford, Parent and Grad PLUS, and Federal Consolidation loans. The loans are made by private lenders and insured by the federal government. Your eligibility for these loans, and how much you can borrow, is determined by your school's financial aid office, using the data from your FAFSA.
Can social security payments and/or pension payments be garnished by a mortgage lender?
Social Security payments cannot be garnished at all. Pension payments sometimes can be, depending on a number of factors. Typically mortgage lenders do not garnish wages, though, they simply foreclose on the property.
Where could one go to get a loan from private money lenders?
In order to find a loan from private money lenders, all one would have to do is go to a bank. They offer many different loan types at a variety of different amounts.
Can a private mortgage lender get pmi?
Of course. Lenders can set the terms of lending their money out.
Can paydayloans be garnished?
No. Not garnished from your pay check However, to answer the question fully - Yes, they can be pulled from your bank account on court order based on a civil suit. Defaulting on a paydayloan is not a criminal matter - it's a civil one. Most lenders will not go to the expense and trouble for lower loan amounts.
