Ohio: (419) 740-5935 Michigan: (734) 887-6881

If you default on Federal Student Loans, the U.S. Government has many collection tools at it’s disposal. They can take your tax refund, garnish wages and bank accounts – without suing you.

However, private student loan collectors do not have as many collection options with out suing you.

  • Private student loan there is a time limit for collection depending on the state.
  • Borrowers can fight back against any harassment or abuse by collection agencies by enforcing their rights under the Fair Debt Collection Practices Act. ┬áIn certain situations, borrowers may be awarded up to $1000 when debt collectors violate the law.
  • You can be sued for defaulted private student loans and then if the creditor wins wages and bank accounts, etc. may be garnished.