Student Loan Services
A friend of mine ows about 10,000 dollars plus interest on a
guaranteed student loan. He graduated and has a job, a condo, and
a year old baby, and can't afford the $140/month payment. He tried
calling the people at Student Loan Services and he talked to them.
He wanted to try and get the monthly payments reduced to about 80,90,
or 100 dollars/month, but they would not work with him. So, they
sent the loan info to the Guarantor (State of Florida) and he is
in a default status, even though he wants to pay the thing back.
He tried to get help from the County Credit Counseling service,
but they said they could not help with student loans. He wanted
to get in touch with whoever the Guarantor is, but was told by
Student Loan Services that he can't call them, he has to wait
until they call him. Now he's all worried about what's going to
be done to him, etc. Can anyone shed light on what can be done to him,
if he's going to lose his home, get his wages garnished? He wants
to pay the loan back, but he can barely make ends meet now.
- He had enough money to buy a condo, but not enough to pay his
debts and obligations to others?
His debts and obligations to others comes FIRST, before he buys
things for himself. If he couldn't afford to pay his bills, then he
should have