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Debt Consolidation Forums Student Loans and Education Debt

DCS REHAB PROGRAM- DCS Student Loan Collections





Sub: DCS REHAB PROGRAM- DCS Student Loan Collections
Tue, 31/05/2011 10:55

I need some clarification on this loan rehab program that DCS offers. My husband has been in the payment process. he paid their 1%, he has paid 4 months into this program, and 5 left to pay. they assured him that it will be removed from his history and that a loaner will purchase this old student loan where he can set up payments (some 12 payments) to pay off this old student loan that is a major lien on this credit report. My question is, is this program LIGIT? we are trying to buy a new home, we have asked them if there is any way he can just PAY these people in one lump sum and get it over with, and they have said that he can pay it, but that means it will void the program and that they will notify the credit bureu that the lien was PAID but it wont be removed from him credit history. I need to know if there is any other way we can solve this, the quick and efficient way (paying it and getting it removed from his credit history) I want to know if this rehab program is ligit, because WHO WOULDNT WANT THEIR MONIES UPFRONT!!... its all very confusing. Can anyone please help. We need to buy a home, we are expecting a baby and we need these issues resolved pronto!



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Sub: #1 :(After your 9 mths of payment and your loan is restate do you hTue, 05/31/2011 - 10:55



:(After your 9 mths of payment and your loan is restate do you have forberance and deferment periods again?


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Sub: #2 Well if they are your guarantor and they said they didnt file a Tue, 02/08/2011 - 19:43



Well if they are your guarantor and they said they didnt file a lien against you, then I would guess if would be safe to file.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


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Sub: #3 united student aid fund was who informed me that the had nothingTue, 02/08/2011 - 15:49



united student aid fund was who informed me that the had nothing against my taxes would that make it safe to file?


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Sub: #4 who would be the guarantor for a federal student loan i got throTue, 02/08/2011 - 15:41



who would be the guarantor for a federal student loan i got through sallie mae


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Sub: #5 Sallimae is not a guarantor unless it is a private loan. PrivatTue, 02/08/2011 - 04:06



Sallimae is not a guarantor unless it is a private loan. Private loans do not place liens since they are not federal loans. I guess the answer is obvious...go ahead and file.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


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Sub: #6 I am in the repayment program and called my guarantor salliemai Mon, 02/07/2011 - 21:52



I am in the repayment program and called my guarantor salliemai and was informed by there system they didn't have a lein on my taxes is it safe for me to fill and get my taxes back?


LYNNINMN@AOL.COM
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Sub: #7 The CA doesnt place the lien for offset....that is all handled bMon, 01/31/2011 - 15:10



The CA doesnt place the lien for offset....that is all handled by the guarantor. Each guarantor sets a guideline as to what has to be paid in that calender year in order for a borrower to get their taxes back...there is no legal obligation for them to remove you other than as a courtesey.
Call the CA and ask...however they have no control and no knowledge of who is offset and who isnt.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


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Sub: #8 I have made a total of three monthly payments and im not due forMon, 01/31/2011 - 11:14



I have made a total of three monthly payments and im not due for another one until 2/20/11. when i talked to the representative they told me as long as i had signed up that i wouldnt be put on the offset list which i called and i am. what do i do now?


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Sub: #9 My student loan is in default status for the amount of 60,000! OWed, 01/26/2011 - 16:59



My student loan is in default status for the amount of 60,000! Of course, in hindsight I know it was foolish to borrow so much money but at the time I just wanted to get my degree. I could not afford the repayment amount and went into garnishment status. They are garnishing 15% of my take home income. I recently contacted DCS and was told that if I can prove hardship they would lift the garnishment. They did not say this was the rehab program as I had previously discussed that option and could not afford the double payments they wanted for 3 month period at which time they said I would then have to agree to a draft from my account for 9 consecutive months. My question is - is there a 'Hardship' program where there lift the garnishment all together? They are not offering a lot of details about this program.


LYNNINMN@AOL.COM
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Debt Samaritan
Posts: 17093
Credits: 376461.34553311 Send message to SOAPLADY

Sub: #10 FYI....you need to keep making your monthly payments until your Sat, 01/22/2011 - 14:13



FYI....you need to keep making your monthly payments until your rehab has funded and you receive notification. If you stop now, you rehab will be cancelled.

Talk to the CA or guarantor handling your rehab....they will be able to tell you if you have met the requirements to be taken off the offset list.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


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