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The Confessions of a Federal

Student Loan Collector

-How Garnishment Changed Someone’s Life…

I was now a veteran Borrower counselor (collector), and it was even appropriate to attach the word “senior” to my job title.  Being a collector for such a long time numbed my heart.  They say that the collection industry can create a monster out of almost every person who gets sucked into it. Everyday I hear “borrower counselors” (collectors) say things like, “Criers are payers” and “We can’t squeeze blood out of a rock, but we sure can crush it”. Personally during calls, I would pick dirt out of my nails as I listened to people cry over their predicaments. Some people say the “emotional numbing” is just the nature of our business, but I noticed my character and morals slowly mutating as well. Shortly after becoming a senior borrower counselor, my heart had quickly turned to stone. Looking back now, I was Department of Ed’s rabid German Sheppard.

Everyday somehow becomes an interesting day for me, speaking to people with different variety of problems in their lives.  One of today’s tasks was to contact a person working for a very large Fortune 500 Corporation.  I had been working this account for about 45 days now.  Mrs. Jane Garnishin was my targer and she’s a call center rep at this large firm, one of those cuddly and harmless reps.  At first, my intention was to inform her of the situation prior to the wage-attachment, (garnishment) but she was very difficult to reach.  She must have worked with loads of employees because I really couldn’t get in touch with her.  Being unsure whether she was receving the messages I left, and after a few days, I was totally fed up with chasing this damsel (continued)….

If you would like to get the copy of “The Confessions of a Rogue Student Loan Collector”… please visit www.FreeStudentLoanStuff.com

-Mr. Kay aka Rogue Student Loan Collector

HOW TO STOP ADMINISTRATIVE WAGE GARNISHMENT

What Exactly is an Administrative Federal Wage Garnishment?

Administrative Federal Wage Garnishment is a process where the U.S. Department of Education is legally allowed to deduct up to 25% of every single one your paychecks (Disposable Income) to satisfy your Defaulted Federal Student Loan balance. Dept. of Education will initiate the garnishment once one of their contracted collection agencies completes the necessary requirements to qualify a borrower for the garnishment process. They can do this because your Federal Student Loans in Default, there is no need for them to obtain a court order, and this is all done without your permission (It’s Legal!). “Technically,” they are said to consider Federal Student Loan Wage Garnishments a tool of last resort, and that garnishments only take place because collection agencies weren’t “able” to come to “voluntary resolutions” (BULL!). They also say, Dept. of Education requires their representatives and collection agencies to offer you “reasonable and affordable” before even considering the garnishment process as a course of action. Doesn’t seem true does it? If you do not qualify for a standard wage garnishment the collection agency will then recommend Federal Litigation.There’s a lot of inside information about Defaulted Federal Student Loan Wage Garnishments that I’ll be exposing for you in the FREE 5 Day Mini-Course Lessons I’ve created JUST FOR YOU! You can sign-up using the form to the right of your screen.

What are your rights as a student loan borrower?

• They should send you a written notice 30 days before the garnishment notice is sent to your employer. This letter will notify you of Dept. of Ed’s intent to garnish your wages.  Typically if you respond in a timely manner they will allow you to make voluntary payments.  In most cases because of an invalid address this “Intent to garnish” letter does not make it to the recipient.  During this 30 day period it is much easier to stop the garnishment process.
• Even after this 30 day period you still have the ability to challenge the garnishment if it will cause financial hardship to you or your dependents.  At this point, challenging the garnishment could be difficult if you do not understand their process.  It’s always recommended that you show proof of income and proof of obligations (bills) to prove your financial hardship.
• You should have the opportunity to request a copy of your signature on the promissory note, and to inspect a copy of the payment history.
• You should also have the opportunity to challenge the garnishment if you are disputing the existence of the loan or the amount of the defaulted student loan balance.
• Dept. of Ed and the collection agency should only provide your employer information that is necessary for the garnishment process.
• An opportunity to challenge the garnishment if you have been employed with your employer for less than 12 months after being discharged involuntarily from your previous employment.

Do You Want to FINALLY Get Rid of Student Loan Troubles?

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Click Below to get the “The Confessions of a Rogue Student Loan Collector”. He reveals the truth behind what really happened to your defaulted student loan.