Student Loan Garnishment, are they taking your wages or your tax returns? I'm going to
show you how to make it stop, now! Hi my name is Jesse with CreditCEO and I'm
going to teach you how to correct, enhance and obtain the credit of your dreams.
You have a problem, you want to buy a house finance, a car retire early, build
wealth, spend more time with your family, but there's a piece of the puzzle
missing. It's your credit. I'm going to show you the solution, I've got it
for you right here! Are you being garnished? Do you need to stop student
loan garnishment? Are they taking your wages or your taxes? Well, I'm going to cover
step by step what you need to do to stop the garnishments right now! This is
something that we help our clients with, so if this isn't something you want to
do yourself go ahead and reach out to us on our website, we would be glad to help
you out in any way possible. The first thing that you need to do when trying to
stop student loan garnishment, is you need to log into the NSLDS Website. This is the
national student loan database. You want to do that to check out what loans you
have and figure out what loans are listed as in default. After you figure
out what loans are in default, you want to call the collection agency. On any
other type of collection, I don't recommend that you call or talk to them.
But, when it comes to dealing with a student loan, you have to work with the
collection agency. The thing with student loans is they never come off your credit
report and they never go away unless they are paid. So you need to get on this
or this is going to haunt you for a long time. When you call the collection agency
they're usually going to refer you to another collection agency who is
actually holding or collecting on that debt. You're
going to reach out to them and ask to enroll in the rehab program. What they
will do is, they're going to get a bunch of information from you. They're going to
get information about your income, your expenses, stuff like that. They're
going to create a payment plan based on your income and expenses. Once you're
enrolled in the rehab program, after five on-time voluntary payments, the
garnishment will stop. Whether it's a wage garnishment or they're
taking your tax return, after you've made five on-time payments, the garnishments
will stop! If you need to speed up this process you can make a payment
every twenty days instead of every thirty days and that will help you speed
up the process and get out of garnishment faster. After you have made a
total of nine on-time payments what's going to happen is this loan is going to be
completely removed from the collection agency. They're gonna waive all of your
collection fees and they're going to send it back to the original student
loan servicer. Tou're going to need to make payment arrangements with them.
This is going to help you stop your student loans from garnishing your wages
or your tax returns! If you found this helpful please share it with a friend, or
a family member. Subscribe to our Channel and leave us a comment below. If you want
us to do this for you just go ahead and reach out on our website (CreditCEO.com) to schedule a
free consultation. We do this for a bunch of people we'd be glad to help you,
process all the paperwork for you and get you in a rehab program. If you found
this video to be helpful please like it subscribe to our Channel and leave us a
positive comment below. I read all of the comments and I love you guys so keep up
the great work and I will see you on the next
video. Please Subscribe!