US Marshals make arrests over non-payment of student loans…(WOW!)

Tuesday, February 16, 2016
By Paul Martin

RT.com
16 Feb, 2016

Being behind on student loan payments in Texas could cost you more than your credit score. The US Marshals Service in Houston is arresting people who aren’t paying their federal student debt.

Paul Aker said that seven deputy US Marshals showed up at his Houston home in combat gear.

“I was wondering, why are you here. I am home, I haven’t done anything,” he told Fox 26, adding that he didn’t receive any notice about a $1,500 student loan he received in 1987.

He claims he was taken to federal court, where he signed a payment plan for the debt.

“It was totally mind-boggling,” Aker said.

This is far from an isolated incident, a source told the station. It isn’t the first time Marshals have served someone for being behind on loans, and they are planning to serve between 1,200 and 1,500 other people who have student debt.

Rep. Gene Green (D-Texas) told Fox 26 that it’s worrisome that private debt collectors are able to use US Marshals as muscle to retrieve payments for loans.

“There’s bound to be a better way to collect on a student loan debt that is so old,” Green said.

Unlike other forms of debt, student loans cannot be discharged through bankruptcy by law. They also have higher interest rates, due to being riskier to the lender because of a lack of collateral. Governments and collection agencies are also allowed to use tactics that are prohibited for other types of loans, such as seizing tax refunds, taking parts of disability payments or even garnishing wages – all without a court order.

The Rest…HERE

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