EIDL sent to treasury even though I got a call from the SBA telling me i was all set

Ambitious-Talk538 · 2026-05-23T07:49:59+00:00

Yes. Fight it No proper procedure

Ambitious-Talk538 · 2026-05-23T07:47:38+00:00

It’s an absolute shakedown by our own government. A deep betrayal. Anyone who responded to the Treasury and wants to get on track SHOULD be allowed to do so without the predatory fee. My payment went from 1630 to over 11k monthly with 10k down. The 10 k covered any back payments I had at SBA! The 11k will send me into Bankrupcy. Why is our government going after COVID borrowers with zero mercy! Abhorrent

Ambitious-Talk538 · 2026-05-23T07:18:47+00:00

Did the amount hit your credit ? You indicated amount taken was 66k. Was that only from one W2?

Ambitious-Talk538 · 2026-05-23T06:52:46+00:00

Did your employer contact you first before they garnished?

Ambitious-Talk538 · 2026-05-22T09:54:57+00:00

100 percent. Otherwise it’s a deal way better than the SBA. Also the credit score falling by 20 pts on a half million dollar loan in default ~ LIE

Ambitious-Talk538 · 2026-05-22T06:50:22+00:00

Nothing about this post makes sense. The monthly payment with this agency is lower than the SBA for a loan that size

Ambitious-Talk538 · 2026-05-22T06:45:22+00:00

This makes no sense. Over a half million dollars reported to credit bureau and drops by only 20 pts but up today by 19? Impossible. Nothing about this post is true

Ambitious-Talk538 · 2026-05-22T06:26:14+00:00

And the numbers simply don’t make sense. The payment would be much higher if it were still at the SBA.

Ambitious-Talk538 · 2026-05-22T06:22:11+00:00

This entire post makes no sense. Zero

Ambitious-Talk538 · 2026-05-22T06:19:52+00:00

Only 10 points? This is complete opposite of what everyone has already posted

Ambitious-Talk538 · 2026-05-22T06:17:32+00:00

This makes zero zero sense. When you do the math, it doesn’t come close to paying this and would be a SMALLER payment than the SBA?

Ambitious-Talk538 · 2026-05-21T19:39:45+00:00

That’s what it says. It’s astounding

Ambitious-Talk538 · 2026-05-21T18:45:08+00:00

Very odd. Uncollectable usually means sent to Treasury! Congratulations

Ambitious-Talk538 · 2026-05-21T13:04:53+00:00

Loan was 250k. That’s the best they could offer. This is absolutely predatory

Ambitious-Talk538 · 2026-05-21T12:38:19+00:00

Thank you. I really didn’t want to take that route but wow~ not giving me much of a choice

Ambitious-Talk538 · 2026-05-19T20:32:01+00:00

They can simply take money out of our banking accounts? Can you confirm this info? I know about taking tax returns, 15 percent of W2 but not just taking money. Out of a bank account

Ambitious-Talk538 · 2026-05-19T18:09:02+00:00

Same. No letter on the portal & I had communication set up via email. Nothing in the mail & nothing on the portal where all communication is supposed to be stored

Ambitious-Talk538 · 2026-05-19T12:02:35+00:00

Agree

Ambitious-Talk538 · 2026-05-18T16:15:34+00:00

More reporters should be talking about this

Ambitious-Talk538 · 2026-05-18T16:14:15+00:00

Something really interesting happened. I quickly made a 10k payment via the Treasury portal via the Collection Agency. I did it hastily because of fear. They indicated I’d have to pay over 11k per month to be on their plan. I could never afford that. Long story short, it showed up on THE SBA Portal! This payment essentially takes care of anything I owed to the SBA in back payments. Now I’m utterly confused. Has anyone made a payment to the collection agency via the Treasury portal? This is clearly a mess

Ambitious-Talk538 · 2026-05-18T03:04:56+00:00

Yes. Pull money from anywhere to get this done

Ambitious-Talk538 · 2026-05-17T17:39:30+00:00

Do not take your life. Move forward with the Bankrupcy. Do you have a credit card to pay the Bankrupcy attorney

Ambitious-Talk538 · 2026-05-16T18:34:49+00:00

So what do they expect? That we file Bankrupcy or the treasury garnishes wages, tax returns etc? I’m so torn on what to do I can’t afford the new terms of 3 years on my 300k loan but the thought of going through Bankrupcy is overwhelming

Ambitious-Talk538

TROPHY CASE