Question by only 1: Will a “Debt Consolidation ” company also help with Ed fund student loans that are now defaulted?
Will a “Debt Consolidation ” company also help with Ed fund student loans that are now defaulted?
I am considering looking into debt consolidation. My student loans are being garnished by ed fund from my wages. they have also just taken my Ca state income tax check. If I do debt consolidation, will they be able to stop my wages from being garnished?
Best answer:
Answer by Tomk
Most likely not. Student loans are one of the few things that get paid back no matter what happens to you. About the only way to get out of repaying student loans is to die.
If they are already garnishing your wages, the lender will not stop until all your arrearage has been repaid and a debt consolidation company isn’t likely to be able to arrange that.
Be very careful and only use a company that you trust and know something about (someone else you know has used them with good success). Debt consolidation schemes are quickly becoming the biggest scams in the financial industry taking your money and leaving you worse off than you were in the first place.
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Filed under Debt Consolidation by on Aug 31st, 2010. 1 Comment. 
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Question by fnh12345: How do you fix a “Double consolidation” on your student loans?
My father accidentally did what is called a “double consolidation” on his student loans. Now he has two companies asking for repayment on the same loan. We’ve contacted both companies and they both say that we should repay the first company and it will cancel out the second consolidation. We did that but my father is still getting bills from the second company. I’m not sure if we should just ignore them or should we contact both companies again and see what is going on. Does anybody have any advice on what we should do?
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Filed under Student Loan Consolidation by on Aug 10th, 2010. 1 Comment.
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California Mortgage Loans – are California Mortgage Loans Affordable?
Deciding on what kind of loan to get is confusing enough – Unfortunately, getting a mortgage loan in California adds its own spin. There are several important differences between getting a loan in California versus anywhere else in the country. This article will explore some of those differences, as well as give you a few valuable tips for choosing the right mortgage loans.
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Filed under California Mortgage by on Jun 20th, 2010. Comment.
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