BKForum Community,
I was hoping to get some advisement regarding my active wage garnishment for student loans. Here is some background information that I hope helps.
studentaidgov shows:
11 defaulted loans - total balance $34,562
ADP - Wage Garnishment Profile
Start Date: 06/2016
Disbursement Schedule: Every 50 Weeks
”Goal Amount” $56,478
“Goal to date/Total Paid Towards Lien” $1,429.01
15% Bi-Weekly
Within ADP you can export the payment data to a file, I can see every paycheck garnished since 2016.
Looking at the status of these payments I see some that say “Released - Payment sent to Payee” and “Paid - Payment received by payee”Which includes a check number next to those in Paid status.
A total of 48 out of 100 payments are in “Released - Payment sent to Payee” the remainder are in “Paid - Payment received by payee”
Question Number 1:
It seems like a good chunk of my payments seem like have been sent; but not in paid status. I discussed this with ADP garnishments many months ago but they assured me all payments are being sent properly. Does this seem right? Because it doesn’t to me.
Question Number 2:
How do I see what my remaining balance is? Through the collection agency that’s servicing the loans? I’ve had roughly $18,188 dollars garnished since 6/2016-04/2020.
I’m really trying to get a grasp on everything and work towards cleaning my life up. I’ve been working on improving my credit the past 9 months as I’m going to need a new vehicle, my 2007 is on its way out. The garnishments are basically eating up the money I would have for a car payment. I wish it was lower than 15% every check. Roughly $400 a month, some months where I get paid 3 times its $518 that month.
I was hoping to get some advisement regarding my active wage garnishment for student loans. Here is some background information that I hope helps.
studentaidgov shows:
11 defaulted loans - total balance $34,562
ADP - Wage Garnishment Profile
Start Date: 06/2016
Disbursement Schedule: Every 50 Weeks
”Goal Amount” $56,478
“Goal to date/Total Paid Towards Lien” $1,429.01
15% Bi-Weekly
Within ADP you can export the payment data to a file, I can see every paycheck garnished since 2016.
Looking at the status of these payments I see some that say “Released - Payment sent to Payee” and “Paid - Payment received by payee”Which includes a check number next to those in Paid status.
A total of 48 out of 100 payments are in “Released - Payment sent to Payee” the remainder are in “Paid - Payment received by payee”
Question Number 1:
It seems like a good chunk of my payments seem like have been sent; but not in paid status. I discussed this with ADP garnishments many months ago but they assured me all payments are being sent properly. Does this seem right? Because it doesn’t to me.
Question Number 2:
How do I see what my remaining balance is? Through the collection agency that’s servicing the loans? I’ve had roughly $18,188 dollars garnished since 6/2016-04/2020.
I’m really trying to get a grasp on everything and work towards cleaning my life up. I’ve been working on improving my credit the past 9 months as I’m going to need a new vehicle, my 2007 is on its way out. The garnishments are basically eating up the money I would have for a car payment. I wish it was lower than 15% every check. Roughly $400 a month, some months where I get paid 3 times its $518 that month.
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