I currently have a defaulted perkins still owed to my school ( I missed it in consolidation). I spoke with the counsel at the school to go into repayment, where they will draft an amount in 12 installments. This was all initiated by me. I sent the authorization along with my signature stating that they can draft the amount each month, and we are now two months in without a problem.
I today get a letter with a request for a signature on a Agreed Judgement??
Its from 2008, and I guess they tried to serve me but I had moved.
Why do they want the Agreed Judgement, and wont that allow them to not only place this on my credit but also seize assets and garnish wages??
I still plan to continue to allow for the 125.00 to come out each month, but this is of concern to me..