to people with student loans in default: If account control technology informs you that your account is going to be part of a major audit and you will definitely be headed toward administrative wage garnishment at a SPECIFIC DATE (most likely a week or so after you call) CALL YOUR GUARANTOR, ACT does not REPORT ON YOUR CREDIT, your GUARANTOR DOES, find out how to contact them and talk to someone from the collections department. ACT will tell you to borrow money from friends and family, they will tell you to pawn something, they will tell you to get a payday loan.

IF YOU TALK TO SOMEONE FROM THE GUARANTOR, they will assure you that when and if your account is transferred back to them, you will have a few days to set up a payment plan with them before they take ANY ACTION ON YOUR ACCOUNT. ACT CANNOT TAKE LEGAL ACTION AGAINST YOU, ONLY THE GUARANTOR CAN. do not let ACT harass you, CONTACT YOUR GUARANTOR.

something that people dont understand these days are the ideals of responsibilities. when you sign your original promisary note, you state that you agree to pay back the balance in full, along with the 25% collection fees that are tacked on when it falls into default. some people (no names mentioned) need to be more educated on the statements they make. first of all, when you fail to cooperate with collection agencies, its ACTUALLY A FEDERAL OFFENCE because they are backed by the federal government, because the money you loaned was provided by them. secondly other certain people ^^ say that we are uneducated... lmao. funny thing is we have to go through months of classes regarding the laws, regulations, and can and cant dos of collections. if we fail to follow those the job is on the line. i find it extremely funny when people try and tell us how to do our jobs. if you are an artist you wouldnt tell your mechanic not to do his job, because that is what he is trained to do, and you dont know a thing about it. point is people, take responsibilty for your self. dont sign something if you dont read it all, or agree to it. lastly, ACT IS THERE TO HELP YOU NOT SCREW YOU!! no one else will be as flexible as they will trust me i would know.