Default on Student Loans

CALL US TODAY IF YOU ARE IN DEFAULT OR HAVE BEEN UNABLE TO MAKE YOUR STUDENT LOAN PAYMENTS TOll FREE (888) 843-1706

DEFAULT CONSEQUENCES

  • Significant damage to your credit score may prevent you from getting any additional loans to return to school, buy a car or purchase a home.
  • Poor credit scores may affect your ability to sign contracts for apartment housing or electricity or cable and internet without a co-signer.
  • The government may seize up to 25% of your paychecks until the loan is completely paid off.
  • The government may withhold your tax returns or your spouse’s tax returns.
  • The government may seize a portion of your Social Security checks or the Social Security checks that are paid to co-signers of loans that are in default.

Schedule a Free Consultation

First Name *

Last Name *

Email *

Phone

Details you'd like to add *

HAS THE POOR ECONOMY OR A PERSONAL CRISIS CAUSED YOU TO FACE FINANCIAL HARDSHIPS THAT HAVE RESULTED IN A DEFAULT ON YOUR STUDENT LOANS?

 

IF YOU ARE IN DEFAULT ON YOUR STUDENT LOANS OR ARE ABOUT TO BE IN DEFAULT YOU DO NOT HAVE TIME TO WASTE.  YOU HAVE A RELATIVELY SHORT TIME FROM DEFAULT TO GARNISHMENT.

 

SLLG HAS ATTORNEYS WHO ARE EXPERIENCED IN CURING DEFAULT. WE MAY REHABILITATE YOUR LOANS AND DETERMINE WHETHER YOU QUALIFY FOR AN ALTERNATIVE REPAYMENT PLAN THAT LOWERS YOUR MONTHLY PAYMENTS.

If you have missed several payments, you may be in imminent danger of having your wages, Social Security funds, or taxes garnished by the federal government. Federal loan servicers are not required to go to court prior to seizing your checks.  They can do it through an administrative action.  This means they just ask to have your income attached and they are granted it.  You may or may not receive notice of this action.  Your paycheck will just start being lower. If you are employed, your employer is required to deduct the amount out of your paycheck. You cannot discharge a default or garnishment in bankruptcy except for very specific circumstances.

Fix the default now. You do not have time to waste! By acting immediately you can resolve the situation and get on a more affordable plan before the garnishment occurs.