student loans --RONI!

Discussion in 'Credit Talk' started by td0020, Jan 8, 2001.

  1. td0020

    td0020 Guest

    can i consolidate or rehabilitate my loans if i already have a wage garnishment? also if i do consolidate through dept of ed once the original lenders are paid will they remove the default status?

  2. marci

    marci Well-Known Member

    I'm not Roni, but the William D. Ford Foundation (or Direct Loans) will consolidate a wage garnishment, as long as you have made 3 payments.

    The consolidation will not remove it from the credit report (it'll be a paid collection). I don't know if you can qualify for rehabilitaion since that means pulling it out of wage garnishment, which is a very hard thing to do.
  3. roni

    roni Well-Known Member

    Yes you can consolidate. The dept of ed will take the loan no matter what. Only consolidate thru them. OR call your original creditor and set up a rehabilitation program. If they accept it you are cool. You really just have to ask the original creditor if they will do it. Sorry I can't tell you more. It is really up to each creditor how much trouble or how helpful they want to be. Good Luck.

  4. td0020

    td0020 Guest

    thanks to both of you...i applied for rehab today!

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