What does it mean when a debt collector sends you a "Final Notice of Obligation"?

Nope...it means that it's your final chance to pay on your own. FYI: Student loan debt collectors have direct power to garnish your wages @ 15% and they can do without going to court.

If you try to dispute this debt as invalid because you were a minor, then you'd just be dumping this problem on your mom.

Try to get out of it.

No one under 18 can sign a contract.

You were a minor - therefore you could not be held responsible for this debt.

They will have to come after your mother.

Write a letter - you never know. You might be removed.

At least this way it will go on her credit report.

You are the one that needs the good credit.

Employers check, so do landlords and car insurance companies.

You need your credit reports to stay clean.

Check them once a year for free at

Annual Credit Report.com

Never fall for TV ads with songs that charge for this.

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if you had a federal loan, it could mean that they will start the process to start garnishing your wages. the IRS will contact your employer (who legally has to comply) and they can take up to 25% of your monthly earnings. just contact the collection agency and set up a payment plan.

i'm 15,000 bucks in debt for loans (and never even graduated) and have had the student loan people after me for years also.

edit - the person above me may be correct about the 15%. the law may have changed since i checked last.

I would say if they got a judgment against you and took part of your return, then they are giving you a final notice to set up a payment plan of some kind before they start garnishing wages, etc.

the 1st be conscious from maximum debt creditors is a 'very final be conscious' It potential no longer something until and until, they actually report a lawsuit. If that happens, touch the lawyer approximately settling.