What is a good loan program?

What is going on with this student loan situation? i was offered a loan rehab repayment program?

• for anyone with rude or judgemental comments, i have a comment for you you dont matter, and your comments will be disregarded. this question is only for people who offer non judgemental information, so if you dont have any dont answer. my wages were getting garnished for student loans, and my tax refund was being garnished as well.. i got a call today from the loan collection agency (the loans are guaranteed loans) that they were offering me a chance to do their rehabilitation repayment program, which if i pay a certain amount for 9 months i can come out of default and have my student loan debt removed from my credit report and i could be eligible for more student loans so i could go back to school. also after paying on time for 9 months i could renegotiate how much i pay monthly to more or less and i have to be on a 10 year repayment plan. however these loans only include the loans i took from one college, i did transfer schools. i went to school for 3 years. the loans are from 2002-2006. here's the thing i have to pay back a certain amount and i have to come up with the first payment in 30 days or else the loan goes to a 3rd party lender. however the debt collector claimed they sent a letter to my employer in september to stop garnishing my wages, but my wages never stopped being garnished. they took wages out of my october checks. also first the debt collector claimed they sent the letter, then later claimed that my employer actually told the debt collector that they cannot garnish the wages because i did not make enough during that pay period. makes sense because the amount the debt collector wants me to pay now is more than twice what they were legally allowed to garnish. honestly i was surprised to receive this call from the debt collector since they did garnish my wages and no one contacted me to tell me it was stopped, until now of course. so why is this debt collector calling me now and wanting to do this program? if i had known in september that i had this option i may have been able to do the program but now i dont know if i can or if i should. also the option sounds too good to be true, when i asked for this agreement if i do the program i will get the debt removed from my credit report in writing, the debt collector said they could only send me promise to repay letter, and the credit report removal letter wont come till after i make the first payment. but i dont want to enter any agreement without knowing it will be honored.(i know i see the irony) i would like to do this but i dont want to start something i cant finish and get in trouble again. it just sounds like something else is going on, and almost too good to be true, when it comes to the getting it off my credit report part. what are my real options and rights? i would like to know why they are calling me now. and are there any resources where i can learn more about repayment options? because even if i cant do the rehab program i would think i would be allowed to pay something else since apparently im out of wage garnishment.

• Answer:

  You should request this agreement, in full detail, be sent via mail so you can review the details with an attorney. If they refuse to do it, the agreement will not be honored, it is just a ploy to get you to make larger payments. If they do send it & you can afford to take advantage of it, it can be helpful to you to improve your credit & get off the garnishments. Never accept any debt collector at their word, get the agreement in writing so you can review it with an attorney