Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

News

STUDENT LOAN NIGHTMARES: DEFAULT & GARNISHMENT HAUNT GRADUATES

Charleston 6/4/2015 5:51:30 PM

While obtaining a college degree is a dream for many, the resulting student loan debt can quickly turn into a graduate’s worst nightmare. Upon graduation or leaving school, there is generally a short grace period before student loans enter the repayment phase. Once repayment begins, loan servicers begin demanding high monthly payments from borrowers. Oftentimes, these monthly payments are just as expensive as a borrower’s monthly rent or mortgage payment!

With such harsh demands and a poor economy, it is easy to understand why many graduates are struggling to keep up with their monthly payments. Failure to maintain monthly student loan payments can quickly result in an account being transferred from a delinquent status into a default status. Student loan accounts enter default status when they become two-hundred and seventy (270) days or more overdue. Default status is serious and can haunt borrowers.

Not only does default status cause significant damage to a borrower’s credit history, but defaulting on a student loan can result in severe consequences that are extremely difficult to escape. Consequences of student loan default include wage, tax and Social Security garnishment. Borrowers all of a sudden notice a decrease in their paychecks despite working the same amount of hours that they normally work. This is called wage garnishment and it occurs when the government seizes a portion of a default borrower’s paychecks to recoup on any outstanding debt. Similarly, the government may seize a portion of a default borrower’s Social Security checks or withhold the borrower’s tax returns.

Garnishment is not an easy hurdle to defeat. Garnishment may last the life of the loan without the help of an attorney. Student Loan Law Group’s attorneys may represent default borrowers at hearings to end the garnishment. Student Loan Law Group may facilitate rehabilitation plans with the loan servicer on behalf of the default borrower. Once the borrower successfully completes the rehabilitation plan, the default may be cured and the garnishment may be lifted. Borrowers who are in default should contact Student Loan Law Group immediately to discuss their options. If a borrower has received a default notice but has not yet been garnished, they may be able to prevent the garnishment by contacting Student Loan Law Group right away to cure the default. Student Loan Law Group is also available to help borrowers who are not yet in default but who are struggling to make their monthly payments. Borrowers seeking more information about their student loans are encouraged to contact Student Loan Law Group at 888-843-1706 today.

More News

https://s3.amazonaws.com/findit-pictures/297844/6d7ffcdb-cca4-4588-8b9b-855008faa41e.jpg

Rely On Student Loan Law Group To Defend You In Your Lawsuit Against National Collegiate Student Loan Trust

Rely On Student Loan Law Group To Defend You In Your Lawsuit Against National Collegiate Student Loan Trust

Released On: 12/8/2017
Views: 4565

https://s3.amazonaws.com/findit-pictures/297844/5456ba2a-6bf2-4537-9425-adf651633211.jpg

Student Loan Law Group Defends Students In Their Lawsuit With National Collegiate Student Loan Trust

Student Loan Law Group Defends Students In Their Lawsuit With National Collegiate Student Loan Trust

Released On: 10/13/2017
Views: 4476

https://s3.amazonaws.com/findit-pictures/297844/604efb3e-7817-43d6-82eb-d8a3fddcc38e.jpg

Start Your Student Debt Lawsuit Defense Against National Collegiate Student Loan Trust With Student Loan Law Group

Start Your Student Debt Lawsuit Defense Against National Collegiate Student Loan Trust With Student Loan Law Group

Released On: 10/10/2017
Views: 4203

https://s3.amazonaws.com/findit-pictures/297844/027f180f-b919-4c6b-9ef6-b06194bf8842.jpg

Student Loan Law Group Provides Lawsuit Defense For Students Being Sued By National Collegiate Student Loan Trust

Student Loan Law Group Provides Lawsuit Defense For Students Being Sued By National Collegiate Student Loan Trust

Released On: 7/10/2017
Views: 4273

https://s3.amazonaws.com/findit-pictures/297844/169303d2-74bb-4f75-9eb0-57aa45cb12d9.jpg

Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Defense Lawyers At National Student Aid Care

Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Defense Lawyers At National Student Aid Care

Released On: 7/8/2017
Views: 4410

https://s3.amazonaws.com/findit-pictures/297844/d6c959c5-6c59-42fa-ac5f-28b3e132c1e0.jpg

Get Professional Student Loan Lawsuit Defense Against National Collegiate Student Loan Trust with Student Loan Law Group

Get Professional Student Loan Lawsuit Defense Against National Collegiate Student Loan Trust with Student Loan Law Group

Released On: 7/5/2017
Views: 4249

https://s3.amazonaws.com/findit-pictures/297844/a4688b1c-eb26-4b4a-91c7-baff4d03a261.jpg

When You Are Being Sued By National Collegiate Student Loan Trust Call Student Loan Law Group

When You Are Being Sued By National Collegiate Student Loan Trust Call Student Loan Law Group

Released On: 6/28/2017
Views: 4834

https://s3.amazonaws.com/findit-pictures/297844/59b604cd-bb7b-44d8-82ac-a1209aba091c.jpg

Student Loan Law Group Helps Students With Past Due Student Loans Fight Their Lawsuit From National Collegiate Student Loan Trust

Student Loan Law Group Helps Students With Past Due Student Loans Fight Their Lawsuit From National Collegiate Student Loan Trust

Released On: 9/6/2016
Views: 7067

https://s3.amazonaws.com/findit-pictures/297844/0ce898d2-3825-46e4-972c-c1be65e8d440.jpg

Student Loan Law Group Helps Students Fight Their NCT Lawsuit To Avoid Default Judgements

Student Loan Law Group Helps Students Fight Their NCT Lawsuit To Avoid Default Judgements

Released On: 8/22/2016
Views: 6024

https://s3.amazonaws.com/findit-pictures/297844/3021c827-b7e7-4047-a5bc-1194aef7242c.jpg

Get NCT Lawsuit Defense For Your Student Loans From Student Loan Law Group

Get NCT Lawsuit Defense For Your Student Loans From Student Loan Law Group

Released On: 8/15/2016
Views: 6568

https://s3.amazonaws.com/findit-pictures/297844/2b0d26c7-bf94-4946-9c3f-5e873e302c57.jpg

Fight Your NCT Lawsuit With Student Loan Law Group To Avoid A Default Judgement On Your Student Debt

Fight Your NCT Lawsuit With Student Loan Law Group To Avoid A Default Judgement On Your Student Debt

Released On: 7/25/2016
Views: 5781

https://s3.amazonaws.com/findit-pictures/297844/36a274ba-2ded-46c7-88be-f5d90538003b.jpg

National Collegiate Trust Lawsuit Defense Provided By Student Loan Law Group

National Collegiate Trust Lawsuit Defense Provided By Student Loan Law Group

Released On: 7/11/2016
Views: 5715

https://s3.amazonaws.com/findit-pictures/297844/17afac40-eb35-4de3-aabd-10fbbac7a24f.jpg

Challenge Your Lawsuit Against National Collegiate Trust With Student Loan Law Group

Challenge Your Lawsuit Against National Collegiate Trust With Student Loan Law Group

Released On: 6/27/2016
Views: 5599

https://s3.amazonaws.com/findit-pictures/297844/c2f57061-e8f8-4e3e-aa3d-51569845e9d7.jpg

Student Loan Law Group Can Help You Fight Your Lawsuit Against National Collegiate Student Loan Trust

Student Loan Law Group Can Help You Fight Your Lawsuit Against National Collegiate Student Loan Trust

Released On: 6/11/2016
Views: 5417

https://s3.amazonaws.com/findit-pictures/297844/29b02ccd-daa7-4aa5-b96b-0257b3f1d9de.jpg

Student Loan Law Group Will Help Defend You Against National Collegiate Student Loan Trust

Student Loan Law Group Will Help Defend You Against National Collegiate Student Loan Trust

Released On: 6/5/2016
Views: 5297

https://s3.amazonaws.com/findit-pictures/297844/5b533106-1562-4c21-9ac1-8b468a58e88a.jpg

Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Law Group

Fight Your National Collegiate Student Loan Trust Lawsuit With Student Loan Law Group

Released On: 5/31/2016
Views: 5607

https://s3.amazonaws.com/findit-pictures/297844/8ec3619d-b298-4a70-859e-5cf7ab6205ec.jpg

Fight Back Against National Collegiate Trust Today With Student Loan Law Group

Fight Back Against National Collegiate Trust Today With Student Loan Law Grouo

Released On: 5/5/2016
Views: 4828

https://s3.amazonaws.com/findit-pictures/297844/f94c4f4c-5dfe-4ae9-88ac-5a192aad7b42.jpg

Consolidate Your Student Loans Today With Student Loan Law Group And Settle Your Case Against National Collegiate Student Loan Trust

Consolidate Your Student Loans Today With Student Loan Law Group And Settle Your Case Against National Collegiate Student Loan Trust

Released On: 5/4/2016
Views: 5020

Load More wait

Map

Student Loan Law Group

Get Directions

Student Loan Law Group

  • Mount Pleasant, South Carolina
    United States
  • 888-843-1706
  • Mt. Pleasant, SC
    Cleveland, OH
    Salt Lake City, UT
    New Jersey