Federal Student Loan Default | How to stop student loan garnishment

Mar
23

So your Federal student loans are in default status….. You probably didn’t have the ability to pay on your student loan or maybe the collection representative is being unreasonable, for whatever reason it is your student loan is in default and you’re now facing Federal wage garnishment. The Federal Government has the ability to attach your wages, and they will do this without going to court.
Typically the Department of Education will have the third-party collection agency “service” your defaulted student loan. These agencies will get paid 14 % of your garnishment payment as a fee, and the funny thing is they get paid 14% on any voluntary payments as well. This system is sooooo questionable. Check this out and see it for yourself….

Sample collection agency contract:

Sample collection agency contract

The good news is you can challenge the garnishment. So you’re probably asking me…..How do I stop the wage garnishment on my FEDERAL student loans???? JUST CHALLENGE THE GARNISHMENT… IT’S NOT GOING TO STOP IF YOU DON’T SPEAK UP…. You can challenge this in person, over the phone, or in writing it is up to you….

SO WATCH THIS VIDEO AND PREPARE YOUR SELF!