Tuesday, May 16, 2017

Can't Pay Your Student Loans? The Government May Come After Your House - Bobby Allyn, NPR

The government has long been able to garnish wages, take income tax returns and divert Social Security and disability benefits. But targeting property is a way of applying even more pressure to get former students to pay up. "It's to try to awaken the avoider from their slumber," says Drew Salaman, a debt-collection attorney in Philadelphia. Salaman doesn't work with student loans, but he's familiar with debt avoidance. He says some of the borrowers are playing "catch me if you can." These lawsuits ensure that people take responsibility for their debts. "After all," he says, "if we don't have systems in place to recover debts, how can credit be extended?" http://www.npr.org/sections/ed/2017/05/14/525569408/cant-pay-your-student-loans-the-government-may-come-after-your-house

No comments:

Post a Comment