? ABOUT WAGE GARNISHMENT WITH STUDENT LOANS
Hi ...Before we start off I know I should have paid them but with layoffs, kids, and the basics the past few years it has not been possible. So I had a compay call that they were going to start wage garnishment. I made a deal with the that with my income tax return I would pay my interest off of $745.00 then I would make monthly payments of $240.00 which is cheaper than the $360.00 the garnishment would be because I think they can take 15% of your income.
Well the day before I am about to make this payment this other company calls which I thought was the same company. The lady informs me that with federal loans they divide them into different companies and I could have a payment option with one but then the other will still garnish.
But they can not garnish more than the 15% in total from both companies. Well I cant afford to pay the 745 , then the 240 a month, plus have them garnish 360 a month from the other company. My family wont eat. I asked her if there was a way to put them all together and she said no.
Has anyone delt with this? Is there a way to put them all together ?
Before anyone bashes...yes...i should have been paying.....i have tried...but until it got to this point they would not take monthly payments but only a bulk payment of a couple grande when they would call. i cant afford that. We are just over the mark of qualifing for assistance so we live pay check to paycheck. If I could have paid it...I would.