Legal Question in Credit and Debt Law in Texas

Wage Garnishment for non-government student loan

I had a private student loan that was not guaranteed by the government that I could no longer pay. The dept was charged off in July 2003. I have copies of my credit report showing this. Now (Sept 2004), another company has apparently bought this loan and is trying to collect on it from me. I do not have any means to pay for this loan or it would not have been charged off in the first place. The new collector is calling me at work after I have send them a certified letter (received receipt that someone at the company received and signed for the letter)asking them to stop because my employer does not approve. Today, they are threatening to garnish my wages. This company does not seem reputable and I don't want anything to do with them. What are my options and can they garnish my wages?

Please Help,

TF in DFW


Asked on 10/12/04, 11:59 pm

1 Answer from Attorneys
Sharon Campbell Sharon K. Campbell

Re: Wage Garnishment for non-government student loan

The fact that the debt was charged off is merely an internal accounting of the company or govt or agency; it does not mean you do not owe it. Also, there is no statute of limitations on student loans. And, yes, they can garnish your wages.

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Answered on 10/13/04, 9:10 pm


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