Terri Loan - Filed w/ Court

Date: Mon, 09/11/2006 - 07:50

Submitted by tresgodfrey
on Mon, 09/11/2006 - 07:50

Posts: 7 Credits: [Donate]

Total Replies: 10

Terri Loan - Filed w/ Court

I have a Terri Loan from 1998 - I just received a notice of a petition to the court for jusdgement - no court date. Is there any help for me at this point? We live at/below the poverty line, my husband is disabled with Parkinson's and needs 24 hr. care. Our only source of income is his Soc. Sec. Disability. I have a not yet 2 year old son. I WANT to take a job - I've always worked hard, but there is no way I would net any money between the cost of care for my husband and son. I feel so stuck. We have an inexpensive house with no equity - it took all we had to get it, and most of our money goes to paying for it. The rest to clothes, medical and our luxury is the internet (no cable etc...). I also have Direct Loans, but will contact them directly. I filed Bakruptcy in 2003, but of course the loans weren't discharged. Without any ability to pay is there any help? I tired explaining our situation to the collectors, but I know I need to do more. Thanks in advance.

Welcome! I'm sorry to hear about your troubles,but you are not a

Welcome! I'm sorry to hear about your troubles,but you are not alone :D You need to reply to the petition,if it's what I think it is,within so many days. Failure to due so,grants them a judgement. In many cases,you can file a hardship with the court,check into this with the court clerks' office. Since you signed up for the forum,someone will be contacting you soon about your free credit counseling. They may have some options for you that you haven't thought about.,consolidation,settlement,etc. Good Luck! Read other posts and feel free to ask questions here...Karen

lrhall41

Submitted by Bossy4455 on Mon, 09/11/2006 - 09:52

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You said there is no court date in the petition, right?? I think

You said there is no court date in the petition, right?? I think you should visit your local county office and inquire about this petition. I don't know if the papers have been filed properly. You will get this info confirmed with the clerk. A legal judgment is reported in the latest copy of the credit report also.

lrhall41

Submitted by keystrokes on Mon, 09/11/2006 - 10:12

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Thanks so much for your response. It's actually even worse than

Thanks so much for your response. It's actually even worse than I thought. I just received a letter of jusgement. Now I am really at a loss for what to do. I'm scared we'll lose our home or our only vehicle needed to get my husband his medical care. I have no idea how we will pay for this, but is there anyway to relieve a judgement or consolidate it or anything? Look forward to responses, and I'll be doing some research. Tess

lrhall41

Submitted by tresgodfrey on Mon, 09/11/2006 - 10:19

( Posts: 7 | Credits: )

Hi Keystrokes, When I was served, I didn't even know what it

Hi Keystrokes,

When I was served, I didn't even know what it was that I was receiveng. For a million legitimate reasons I just didn't understand the paperwork, and missed the deadlines. We spent the summer with my father, and I just got the mail which contained a letter of judgement. Now I'm really worried. Is there still any help out there? Thanks for your reply! Tess

lrhall41

Submitted by tresgodfrey on Mon, 09/11/2006 - 10:23

( Posts: 7 | Credits: )

Usually when you go to court on a judgement,the judge will set u

Usually when you go to court on a judgement,the judge will set up payments. Like I said in previous post,you can file hardship papers and they will work with you.I don't thing they can take yopur sole vehicle,especially when it's needed for what you need it for....KAren

lrhall41

Submitted by Bossy4455 on Mon, 09/11/2006 - 10:23

( Posts: 5854 | Credits: )

Thanks, Karen. The judgement has already been granted in my abse

Thanks, Karen. The judgement has already been granted in my absence. So I guess I contact the court or do I need an attorney? I so appreciate all the time you are taking to answer my questions. Tess

lrhall41

Submitted by tresgodfrey on Mon, 09/11/2006 - 10:25

( Posts: 7 | Credits: )

Since the judgement has been granted,I'm not sure. But I would g

Since the judgement has been granted,I'm not sure. But I would go ahead and contact the court about payments. If that doesn't work,I would contact Legal Aid in your area ...Karen

lrhall41

Submitted by Bossy4455 on Mon, 09/11/2006 - 10:27

( Posts: 5854 | Credits: )

Tess, some states offer free legal advice. You should look out f

Tess, some states offer free legal advice. You should look out for such assistance offered in your area and decide your next moves. Remember, the judgment is already there against you and the SOL will remain active for a long time. So, defaulting on the payments won't be good for you at this stage. Look for some debt consolidation companies in your area whether they offer any help for people in judgments.

http://www.debtconsolidationcare.com/ranking-chart/

lrhall41

Submitted by keystrokes on Mon, 09/11/2006 - 12:11

( Posts: 495 | Credits: )

Thanks. I have no idea how we can afford to let one more dollar

Thanks. I have no idea how we can afford to let one more dollar out in payments, but I'll definitely check into free legal help & consolidation help. Thanks again! Tess

lrhall41

Submitted by anonymous on Mon, 09/11/2006 - 13:30

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Here are some numbers that might help

Monthly Payment Calculator Tool
Check out our Monthly Payment Calculator Tool to estimate your monthly loan payments.

Loan Servicing Companies
Your lender or its designated loan servicer will be responsible for handling your loans. It's important to know which company services your loan. You can find this by reviewing your original credit agreement, contacting your lender, or contacting customer service.

Listed below are servicing companies handling loans made under TERI's programs. Use the following links and information to contact your servicer.

Servicing Partners Phone # Web Address
American Education Services (AES/PHEAA) 800-233-0557 aessuccess.org
Great Lakes 800-236-4300 mygreatlakes.com
ACS 800-508-0806 acs-education.com
Ed Financial Services 800-337-6884 edfinancial.com
LoanStar 800-829-4599 loanstar.com
Penn Security Bank & Trust 866-251-1060 pennsecurity.com

Making a Student Loan Payment
To find out your monthly payment amount, payment due date or where to send your payment, contact your loan servicer at the phone number or website shown above. If you do not know the name of your servicer, contact your lender or customer service.

lrhall41

Submitted by PDLFREE on Sun, 10/22/2006 - 12:34

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