Legal Question in Credit and Debt Law in Florida
I was informed yesterday that my student loans have gone into collection. The collection agency informed me they had mailed a letter to an old adress of mine and as of yesterday the notice expired. I was given two options either enter a payment agreement in which two payments would be due this month or they would garnish 15% of my wages. I was told they can send me a review request packet to receive a hearing from a third party company. My child support was just increased and right now I bring home less than my rent and utilities are each month. So losing 15% of my income would cause me to be homeless. But if I request a review she said my wages will be garnished until they revieve the packet and schedule it etc. Is there anything I can do? This happened because a financial aid advisor told me a class would be covered under my grant and halfway through the class told me I had to pay 778 dillars to contonue the class and schooling. And I obviously did not have it. Any help Iis greatly appreciated. Thank you.
3 Answers from Attorneys
You need to contact a consumer lawyer who handles these types of cases in your area. For a consumer lawyer in your area, go to
http://naca.networkats.com/members_online/members/directorya.asp?token=
For a consumer lawyer in your area, go to
http://naca.networkats.com/members_online/members/directorya.asp?token=
It will depend on the terms in the contract and the type of loan(s). Student loans are one those debts that don't go away, even with bankruptcy, etc.
You may be entitled to a temporary forbearance if you haven't already used one. While the debt won't go away, and will even continue to accrue interest, you may be able to delay payments a little while longer in order to find a way to draw more income.
To avoid the problem from growing bigger, contact a consumer attorney as Mr. Marino previously suggested. Good luck to you.
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