U.S. Marshals Are Arresting People in Texas Who Have Outstanding Student Loans

 U.S. Marshals Are Arresting People in Texas Who Have Outstanding Student Loans

Here’s what the U.S. government says about the student loan you may have been tardy about paying back: “If your loan is placed with a collection agency, you will be responsible for costs incurred to get payment. The holder of your loan can take other actions to collect as well.” Those “other actions” involve withholding your tax refund or, in some cases, garnishing your wages. And, this week in Texas, they began to involve federal agents in combat gear bursting into debtors’ houses and arresting them.

That’s what happened to Paul Aker. Seven armed U.S. marshals arrived at his door in Houston last Thursday, arrested him on the spot, and took him to jail. He owed all of $1,500, outstanding since 1987. Aker told Fox 26 that without any warning, his 29-year-old debt was forcibly being collected; the marshals took him to federal court and made him sign a payment plan. “It was totally mind-boggling,” Aker told Fox 26.

Texas congressman Gene Green explained to Fox 26 that the federal government has been contracting out student-loan collections to private debt collectors, who are allowed to deploy the U.S. marshals as their enforcement arm. “There’s bound to be a better way to collect on a student loan debt,” said the congressman. Around Houston, that “better way” involves 1,200 to 1,500 arrest warrants. Student debt is at an all time high in the U.S., where students hold an average of $35,000 in federal debt, according to an analysis of government data on Edvisors.

More here…

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4closureFraud.org

Comments
9 Responses to “U.S. Marshals Are Arresting People in Texas Who Have Outstanding Student Loans”
  1. lvent says:

    They look like TERRORISTS.

    What do they think these people have ROCKET LAUNCHERS?

    It’s the LAWYERS GUILD trying to CRIMINALLY IMPOSE TRADING WITH THE ENEMY to hide the LBGT IMPOSITION upon others

  2. juicejuice11550 says:

    This is ridiculous. They are arresting people for not paying off their student loans but allow these crooks (bankers) to steal and contining to steal people homes with no arrests or jail time. Unbelievable, what a bunch of heartless backwards crooks.

  3. Hammertime says:

    Civil Liability—TILA Sections 129B, 129C, 130, and 131 If a creditor fails to comply with any requirements of TILA, other than with the advertising provisions of chapter 3, it may be held liable to the consumer for

    • actual damages, and

    • the cost of any successful legal action together with reasonable attorney’s fees.

    The creditor also may be held liable for any of the following:
    • In an individual action, twice the amount of the finance charge involved.
    • In an individual action relating to an open-end credit transaction that is not secured by real property or a dwelling, twice the amount of the finance charge involved, with a minimum of $500 and a maximum of $5,000 or such higher amount as may be appropriate in the case of an established pattern or practice of such failure.
    • In an individual action relating to a closed-end credit transaction secured by real property or a dwelling, not less than $400 and not more than $4,000.
    • In a class action, such amount as the court may allow (with no minimum recovery for each class member). The total amount of recovery in any class actions arising out of the same failure to comply by the same creditor, however, cannot be more than $1 million or 1 percent of the creditor’s net worth, whichever is less.

    From OCC TILA Handbook

  4. Hammertime says:

    The student loan derivative curse! Time to give ’em hell make them validate the debt!

  5. lvent says:

    They’re going to keep criminalizing stuff & not disclose what they’re doing because they have no other way to unlawfully violate our LEGAL RIGHTS.

    The next thing you know it’s going to be criminal to use your own name because the WALL STREET HOODLUMS invested in DERIVATIVES FRAUD.

  6. lvent says:

    That’s CRIMINAL ENTRAPMENT to FORCE COERCION by bullying the victims of the crimes of these HUMAN TRAFFICKERS.

    They’re CRIMINAL RACKETEERING because there’s no receipts.

  7. lvent says:

    Where’s the notes because the FRAUD ISSUERS don’t have them.

    They’re JESUIT brainwashed for making excuses to railroad the innocent to cover up for the investor crooks like themselves by waging their COVERT SPY WAR on WE THE PEOPLE.

    Obviously they must have lots of money because they don’t fear the exact thing could happen to them.

  8. Nancy Clark says:

    A loan from 1987 !!!! There is NO excuse why it has not been paid. Wish landlords could use this technique on corrupt crooked tenants (scar). If you owe a debt then pay it even if it is $5.00 per week!!!
    The technique used just might teach the cheats to be somewhat responsible…. Even though it is not the right way to treat people. I call it a dose of their own medicine.

    • mike Drouin says:

      The excuse Nancy , would be that our Government is corrupt as hell !!!! Even though they offer Student loans for citizens to better themselves , they also foster corrupt entities to manipulate the economy which prevents these students from obtaining a fair opportunity to prosper in a fair economy !!!! Your experiencing a Government creating circumstances to subvert the Constitutional Rights of the people !!!!

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