Wage Garnishment for student loan

January 24th, 2006 by Questions

I have $28k student loan I have defaulted on. I was making interest payment for a while but for the last three years I just stopped making any payments because I find my income is too low. So I have been getting collection calls offcourse. My question is: Would the bank bother going to court for $28k and pay lawyers to get garnishing right?

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One Response to “Wage Garnishment for student loan”



January 28, 2006 at 7:20 pm, Barton Goth, GCO Inc. Bankruptcy Trustees said:

Yes, most institutions will go to this trouble for significantly less than $28,000 in debt.

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