Just wondering, as I am leaving on a year long trip soon and am purchasing American Express Traveler Cheques and am wondering if I owe money to the Department of Education for past student loans, if they can and are able to to take that money out of American Express to where I wont be able to use the cheques, just like if they were in a regular bank account?
How so?
2007-08-31 03:40:30 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
Interesting that you are ducking Federal student loans yet have enough money for a year long trip.
How so?
2007-08-31 04:18:42 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋
No - how will they even know that you have the travelers checks? Once you pay money to buy the travelers checks, they are yours - just like cash. If you have them in your pocket, no one can get them except you. Well, and a good pick-pocket, but that's another story...
2007-08-31 11:10:57 · answer #2 · answered by Christie 4 · 0⤊ 0⤋