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Student loans defaulted

Hello there,
My question today for you is that if I`m unable to keep up with my student loans payments, will the financial institution where my loans are held garnish my child benefits and my mat. leave payments? These government payments are not deposited into the account with this financial institution. Thanks!

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One Response to “Student loans defaulted”

A licensed trustee said...

The short answer is no – they will not garnishee your mat leave benefits or your child tax benefits.

What they will probably do is seize your tax refunds and any GST you may be entitled to, but while you’re not working that’s all they will do.