BenZachary
Junior Member
What is the name of your state (only U.S. law)? New York
Hello...
I have just recently received a wage garnishment order.
I've chosen a career in the arts, and while this is no excuse ... it has taken me an extended time to develop my career. For a time after school I could not find work and I was homeless, and it was during this time that the my loan went into default. The loan was taken out for schooling in Canada in 2004 (I am American) for approximately 21k, originally by Fanny Mae, though it seems to have been transferred now to Allied Interstate (creditor agency) / US Dept of Ed. Now my recent wage garnishment order, after 12 years, states that I owe 53k.
It has always been my plan to pay off my student loan in a single cash offer. Does the US dept of education take these types of large cash offers? Regardless, I have run out of time. It is only as of this year that my career as an artist has begun to move, and thus the wage garnishment. I feel that the 2.5x increase in interest may be above the law, even with the amount of time passed. Is such an interest increase legal?
Also, is it legal to send a garnishment order on a business for which I am now collecting unemployment? I work in film, and this garnishment came during film's off season.
I have been garnished against the check paying entity that does nothing more than send out checks for many television and film companies. Is this legal? The check processing company is located in Cali, but I work out of New York.
In all likelihood, I will be filing a motion for a court hearing, however even after visiting various forums, it's difficult to know where to start. As far as I can tell, due to the US Dept of Education garnishing, there was never a judgement entered in any court against me. I may be wrong.
If I had just a couple more years, I felt I would have had in the neighborhood of 20k savings to make an offer.
Hello...
I have just recently received a wage garnishment order.
I've chosen a career in the arts, and while this is no excuse ... it has taken me an extended time to develop my career. For a time after school I could not find work and I was homeless, and it was during this time that the my loan went into default. The loan was taken out for schooling in Canada in 2004 (I am American) for approximately 21k, originally by Fanny Mae, though it seems to have been transferred now to Allied Interstate (creditor agency) / US Dept of Ed. Now my recent wage garnishment order, after 12 years, states that I owe 53k.
It has always been my plan to pay off my student loan in a single cash offer. Does the US dept of education take these types of large cash offers? Regardless, I have run out of time. It is only as of this year that my career as an artist has begun to move, and thus the wage garnishment. I feel that the 2.5x increase in interest may be above the law, even with the amount of time passed. Is such an interest increase legal?
Also, is it legal to send a garnishment order on a business for which I am now collecting unemployment? I work in film, and this garnishment came during film's off season.
I have been garnished against the check paying entity that does nothing more than send out checks for many television and film companies. Is this legal? The check processing company is located in Cali, but I work out of New York.
In all likelihood, I will be filing a motion for a court hearing, however even after visiting various forums, it's difficult to know where to start. As far as I can tell, due to the US Dept of Education garnishing, there was never a judgement entered in any court against me. I may be wrong.
If I had just a couple more years, I felt I would have had in the neighborhood of 20k savings to make an offer.