Guaranteed Loan
Can texas guaranteed student loan corporation garnish my wages?
or is it just a collections company trying to collect a debt? i would appreciate any advice.
ABSOLUTELY~~
When you sign a promissory note, it’s your obligation to repay the money you clearly used to benefit yourself an education…………………….when you do not repay, it’ causes interest rates to increase and makes it harder for other students coming behind you the benefit of financing their educations…..
Remember the FEDERAL GOVERNMENT backs student loans and can not only garnish your wages, they can confiscate your future earnings, liquidable assets and tax refunds………..you really don’t wanna get in bad with them.
I would suggest you contact your lending institution and set up some sort of repayment schedule or deferment…………….would you want someone to borrow something from you and NOT repay it? I doubt it!