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A student loan over 10 years old

I got married 5 years ago and my wife who had a 10 year student loan she never paid and every 6 months or so we get a random letter saying this will be the last time we contact you before we'll take further actions....?

Its some collection agency out of Texas? The loan was for court reporting school in CA is there not a Statue of Limitations?

Can they seize her bank accounts?

What is worst case scenario?

Comments for
A student loan over 10 years old

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Apr 19, 2010
 delinquent student loans
by: Gerri

Thanks for submitting your debt collection question on our Q&A page.

I hate to be the bearer of bad news, but this is not a debt that your wife should ignore. Unfortunately, there is no statute of limitations for student loans. And depending on the type of student loan, your tax refunds could be intercepted to pay the loan.

Student loans carry their own set of rules and we don't go into detail about them here because if we did we'd have to create a whole new website just to cover student loan problems. Collection agencies to collect student loans are required to follow the Fair Debt Collection Practices Act, however, so it would be a good idea for you and your wife to at least read the first chapter of Debt Collection Answers online for free.

I would suggest that you look into this loan and try to find a way to resolve it. Otherwise, the balance may continue to grow. If the loan is unaffordable right now, you may also want to look into the IBR program to find out if she might be eligible. It's at IBRinfo.org.

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