Doublecredit
Member
What is the name of your state? NH
I was a part of the DeVry College finance and false marketing claim from 2008. I am still trying to navigate FTC.gov website on how to file for that. However my bigger issue / question is with a student loan and threat of wage garnishment. The last payments and agreement I made on this loan was from 2014. At that time I was told if I paid X amount, the loan would be converted to a traditional loan. The company that took the payments, took the payments and I never heard about the loan again until this month. I received a letter from ACSI noting that they were proceeding with wage garnishment. I responded and asked for validation / verification of the original loan to buy time. They then sent me back a Hearing for Application that they said I need to complete and return. I then went back and started to check on the real status of this DeVry loan. It seems that the National Student Loan Program is the guaranty agency and that US Bank ELT EFS Finance Co & Affil. is the current lender. So who is this ACSI? Should I tell them to pound sand? I cannot afford wage garnishment. I know the Statue of Limitations has past for NH, but originally being a student loan, I believe the rules are different. Additionally I have read the in NH wage garnishment is a pain in the butt and lenders need to set up the wage garnishment each pay period? Also it is my understanding that a lender cannot actually start wage garnishment without a court case win, is that true? Any suggestions on how I should deal with ACSI and this Hearing for Application is appreciated. THANK YOU!
I was a part of the DeVry College finance and false marketing claim from 2008. I am still trying to navigate FTC.gov website on how to file for that. However my bigger issue / question is with a student loan and threat of wage garnishment. The last payments and agreement I made on this loan was from 2014. At that time I was told if I paid X amount, the loan would be converted to a traditional loan. The company that took the payments, took the payments and I never heard about the loan again until this month. I received a letter from ACSI noting that they were proceeding with wage garnishment. I responded and asked for validation / verification of the original loan to buy time. They then sent me back a Hearing for Application that they said I need to complete and return. I then went back and started to check on the real status of this DeVry loan. It seems that the National Student Loan Program is the guaranty agency and that US Bank ELT EFS Finance Co & Affil. is the current lender. So who is this ACSI? Should I tell them to pound sand? I cannot afford wage garnishment. I know the Statue of Limitations has past for NH, but originally being a student loan, I believe the rules are different. Additionally I have read the in NH wage garnishment is a pain in the butt and lenders need to set up the wage garnishment each pay period? Also it is my understanding that a lender cannot actually start wage garnishment without a court case win, is that true? Any suggestions on how I should deal with ACSI and this Hearing for Application is appreciated. THANK YOU!
