Was this a private loan? If so, then yes they can come after you.

If it wasn't a private loan, and was just being serviced by Panhandle, ask them for a forebearance. That should give you enough time to get together the money they want from you.

IDK if its a private loan im so lost. Panhandle Gave the acct to Texas Gurantee can Panhandle still give me a forbearance?

No, Texas Guaranteed is the guarantor for federal stafford loans...federal loans. They are not a CA. Panhandle has already filed a default claim so forebearances are not an option.

Technically yes they can do this to you. You agreed to balance in full ON DEMAND on your prom note they are giving you a month to come up with a down payment.

However, if you cannot come up with a downpayment, offer them a larger monthly payment. Rehabs is not an option..texas hasnt done them in ages cause they have no lender. You might wanna look into consolidating with Direct Loans ASAP!

What I mean is did you go to this Panhandle company and request the loan, or was it done through your school's financial aid office?

If it was aquired thru your financial aid office, then it is a federal student loan probably, and Panhandle should still be able to do a forebearance.

Kat ...no. Panhandle Plains is a lender/servicer for federal stafford loans. The loans is defaulted. Defaulted loans are NOT eligible for forebearances....period.

Ok if I were to come up with the payment they are requesting even though they sent out the garnishment letter can they still process garnishment after I start the payment plan.

The first notice they send out is a 30 day notice....it allows you to appeal the garnishment by entering into a repayment agreeent. If you send in the downpayment plus the monthly payments, you will not be subject to the garnishment.

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