Can someone explain wage garnishment laws here?

Child support and unpaid taxes are subject to wage garnishment in all states I'm pretty sure. But some states such as our home one of North Carolina limit it generally to that, garnishments for basic credit card debts for example aren't supported by state laws. Now what about a private (non federal) student loan? I'm trying to help my brother pay off his loan from college (I was his co-signer) but we're both tapped and so are our parents, so it may go into default. Sallie Mae isn't willing to work out anything more with him. Are our family's wages now subject to garnishment? Or wil it just toast our credit scores? The latter we can rebuild, we'll have a larger income eventually so we can take care of that. But right now we don't have extra money to give away, if we did we'd just make the monthly payments. So to recap, how would the state of North Carolina treat this case? No, he's finished with school. He's in Americorps now doing community service- that's one reason I'm trying to come up with as much as I can, because he doing full-time volunteer work everyday for a full year so he literally has no money. Generally you receive forebearence, reduction and in some cases forgiveness with a federal loan, but since its private- they won't recognize it, only if he enrolls in school again (like goes to grad school) will they give him forebearence. Or you can pay for a temporary difference- which is only for like a month, it stops default but its a hardship too, my mother paid for one which is 500$ and I paid for the last, but we can't keep this up and it doesn't go towards the balance. And to answer question 2, I don't think they'll compromise. When I called Sallie Mae last week they said they didn't have anything lower to offer... unless this is a rouse to get the money faster. Do they have to work with you if you're trying to make the payments?

1 month ago - 2 answers