Student Loans, Wage Garnishment, Job Change
Date: Thu, 06/20/2013 - 18:44
Student Loans, Wage Garnishment, Job Change
Some information about my situation:
I am currently having my wages garnished to repay about $15k in student loans.
I am about to change jobs, and understand that my wages will eventually get re-garnished when the creditor gets information about my new job.
I am willing to set up a payment/rehabilitation plan if garnishments aren't renewed, but I cannot pay off the entire amount at this time.
My questions/concerns:
If I set up a payment/rehab plan, can the creditor still initiate the wage garnishment once they receive the information about my new job? How likely are they to re-initiate the garnishment if they know I am willing to fulfill a rehab plan?
Do I have any other options? Any recommendations?
I am currently having my wages garnished to repay about $15k in student loans.
I am about to change jobs, and understand that my wages will eventually get re-garnished when the creditor gets information about my new job.
I am willing to set up a payment/rehabilitation plan if garnishments aren't renewed, but I cannot pay off the entire amount at this time.
My questions/concerns:
If I set up a payment/rehab plan, can the creditor still initiate the wage garnishment once they receive the information about my new job? How likely are they to re-initiate the garnishment if they know I am willing to fulfill a rehab plan?
Do I have any other options? Any recommendations?
You are under a garnishment
You are under a garnishment order so it will continue as soon as they get your new employer info. It wont take long to catch up to you.
