I have a private student loan that is now in collection. The collection agency contacted me to collect, but I offered to setup a payment arrangement. The amount that they were willing to accept is way too much money that I can afford to give. I offered 75 a month, they said that they could only do 280. How do I go about sending a payment that I can afford without getting my wages garnished? Can the agency actually garnish my wages for private loans. The creditor was decent enough to wait a few more weeks for me to come up with a way to pay before suing. I just don't have the money that they are asking for? I need help, I don't want them to take more.