Q: I live in California and have a defaulted private student loan that has been bought by an attorney who now has filed a court judgment. I will appear in court to dispute but would like to know recommendations or what I can to do. A: Since you have a court case pending, you should contact …
Facing Court Over a Defaulted Private Student Loan? Here’s What to Do Read More »
I know those student loans seem overwhelming right now, especially given your modest salary. But there are some steps you can take to improve your situation.
Start by going through the process of rehabilitating your student loans to clear up your student loan default. Read this article which explains everything
you need to know about fixing defaulted student loans.
A reader of AskTheMoneyCoach.com wanted to know how to deal with a defaulted student loan. Her question and an answer are provided below. Many thanks to Marlene Ware, of the National Foundation for Debt Management for her expertise and providing the answer that follows. Question: My husband’s Sallie Mae loan went into default and was …
My Husband Defaulted on a Student Loan. What Should We Do? Read More »
Federal student loan defaults are way up – rising to 8.8% in fiscal year 2009, compared to 7.0% in 2008, according to new data released in September 2011 from the Department of Education. The numbers represent the most recent figures available about federal student loans, and they show that scores of borrowers continue to struggle …
Q: I Have a Student Loan With a Company. What Can I Do To Keep This Company From Garnishing My Check and Taking My Federal and State Taxes? A: It sounds like your student loan is obviously delinquent, and possibly already in default status. When you have such overdue loans, you are subject wage garnishments …
As you probably know, student loans are generally not dischargeable in bankruptcy court. So despite your recent bankruptcy filing, any loans you had with Sallie Mae remain outstanding. To bring an overdue student loan current, simply contact your lender or loan servicer and make arrangements to pay the amount due – either in a lump sum or over time. If your student loan is seriously delinquent and is in default, you can do one of four things:
In this tough economy, an increasing number of college graduates (and college drop-outs) are falling behind on their student loans. According to the Department of Education, federal student loan defaults are up to 6.9% in 2009, well above their year-ago level of 5.2%. For those carrying private loans, defaults hit 3.37% in 2008 versus 1.47% …
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