COMMON FALSE BELIEFS IN AMERICA REGARDING STUDENT LOAN DEFAULT & GARNISHMENT

Over 40 million Americans are struggling to repay student loans that they took out in order to finance higher education. Many Americans been forced for personal reasons to drop out of school and never actually end up obtaining the degrees that they went into debt for. Regardless of whether the borrowers graduated or not, they are still on the hook for repaying their student loans. Many of those borrowers, particularly the ones who did not graduate from their programs, are experiencing devastating defeat in keeping up with the high monthly student loan payments expected of them. Borrowers who find themselves in default are surprised to learn how difficult the process of reversing default is and how harsh the consequences of default are.

Many Americans are not even sure when their loans are in default. Default status occurs when the borrower is two hundred and seventy (270) days late on their student loan payments. However, many borrowers are in trouble way before that nine month mark of default. Borrowers who are in default face serious and severe consequences. Penalties of default include a damaged credit score and garnishment. Garnishment occurs when the government seizes a portion of a default borrower’s paychecks or Social Security checks or withholds the borrower or the borrower’s spouse’s tax returns in order to collect on outstanding student loan debt.

Many borrowers who have experienced garnishment have a misunderstanding about how long garnishment can last. Garnishment can last for the life of the loan but it does not have to. If a borrower is represented by Student Loan Law Group, garnishment can go away once the default is cured. Borrowers who are experiencing any form of garnishment related to their student loan default should contact Student Loan Law Group immediately. Attorneys with Student Loan Law Group know how to navigate the process of fighting and escaping garnishment. Student Loan Law Group’s attorneys request administrative hearings and plead the borrower’s case to a judge. After reviewing the specific facts of each borrower’s personal financial situation and ability to pay, the judge may decide at his or her discretion to immediately end the garnishment or lower the amount that is being garnished. Student Loan Law Group’s attorneys then negotiate a rehabilitation plan with the loan servicer which allows the borrower an opportunity to cure the default and completely end the garnishment that is being imposed upon them.

Oftentimes, borrowers in default want to avoid dealing with garnishment. Borrowers commonly have false beliefs that there is nothing they can do to end or prevent the garnishment from occurring. The best strategy to cure default and end the garnishment is to ask for help. Student Loan Law Group is available to help borrowers in serious need of legal representation. Student Loan Law Group recognizes the severity of garnishment and its lifestyle impact and makes borrowers who are being garnished a priority. Borrowers may contact Student Loan Law Group through the Student Loan Law Group website or by calling 888-843-1706. 

ABOUT STUDENT LOAN LAW GROUP

Student Loan Law Group is a branch of the Porter Law Center, LLC, which focuses specifically on representing student loan borrowers. Student Loan Law Group consists of a dynamic team of attorneys from diverse backgrounds that have a proven record of achieving the best outcomes for distressed borrowers.  As zealous advocates fighting for our clients’ rights, Student Loan Law Group helps borrowers consolidate their student loans, apply for income-driven repayment plans, avoid default, cure default and prevent or end wage, tax or Social Security garnishment.  Our seasoned attorneys are well-versed in defending clients against aggressive collection companies and private loan servicers.

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