My journey from default and garnishment through rehab

[FPapiSalOC]

I want to share my story of my 3 federal student loans.

My wages have been garnished

and my income tax was taken.

rehab

my loan was just sold.....

Hope this helps someone.

[Anonymous]

My loan was picked up on Wednesday 2-13 by Aspire .

[Anonymous]

Who was the collection agency you worked with? I wish FMS, would show more information on their dashboard in regarding to the loan information.

[MyDataMyChoice]

I don't understand why people let there student loans enter default.... there are so many ways to avoid federal student loan default

Consolidation / Deferment / Forbearance / Income Based Repayment

When you consolidate you get more forbearance time added...

What I am asking is WHY WOULD someone default - is it strategic? Does it stop the interest from accruing? Do they settle?

I have 100K in student loan federally... I Consolidated and IBR I pay aprox 200-250/mo on my income

I plan on aggressively paying them off 2450/mo over the next 3-5 years to get them out of my life.



For people that let them default -- why not rehabilitate them?

[FPapiSalOC]

Trellis based out of Austin Texas.

[Anonymous]

I defaulted and now just finished rehab. My personal reason for defaulting was bc when I was young (18/19) I didn’t have anyone to show me or guide me on what to do or what’s the right thing. But I know better now and just rehabbed

[FPapiSalOC]

I finally got a copy of my rehab completion letter.

[Anonymous]

FPapiSalOC: Congrats! Won't be long until you start seeing some changes on your credit report, although it can take a few months.
The letter says you'll be on the Standard repayment plan. Were you able to sign up for an income-driven repayment plan yet?

[Anonymous]

I have no excuse for defaulting.