Miss BHave
New member
Long story short, I dropped out of school for lack of funds back in 2006, and was unemployed for a year after that. I was young and stupid and did not know forebearance from a hole in the wall, and now one of my small ($2500) sallie mae loans is in default. I got a wage garnishment notice from Pioneer Credit Recovery stating if I made monthly payments, they would not garnish my wages. I called and left a message since no one answered. I see a lot of people saying they were required to put up most of the money up front first in order to qualify for making payments. I simply do not have a lump sum to put up, but now that I am steadily employed I want to handle my debt. Is it legal for them to refuse you the right to pay monthly in a rehabilitation program simply because you cannot pony up X amount of it right up front? If I had that kind of money, I would not need to be rehabilitating my debt!
Thanks for your answers! I have a larger loan in default too, but depending how it goes when I get these folks on the phone I intend to rehab both asap. At least my lesson is learned now than before I needed to put my own kids through school 20 years down the line!
Thanks for your answers! I have a larger loan in default too, but depending how it goes when I get these folks on the phone I intend to rehab both asap. At least my lesson is learned now than before I needed to put my own kids through school 20 years down the line!