ur 1st job paird u 25k per year and 8 years later u still make 2300 a month?
isnt there somethin like u can cut the debt in half?
isnt there somethin like u can cut the debt in half?
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I'm not doubting the story, and I feel bad for the OP. However there's no way the collection agency bought the defaulted loan and then RAISED THE AMOUNT. If that somehow did actually happen you could and should take them to court tomorrow.Comment -
National GuardComment -
Be young, have fun, drink Pepsi, for tomorrow you die. The U.S. government's financial position is like yours only worse. There is no way out of the debt, it simply cannot be paid. We are all ****** so don't worry about it.Comment -
Just hang up whenever the collection agency calls. And throw away all their mail that comes to your house. Eventually they will cut you a deal or at least I hope so.Comment -
Life can be cruel sometimes.Comment -
Anyone going to college anymore is a jerkoff in the usa, there are no jobs in the usaComment -
im not familiar how student loans happen in the states but in canada most loans are given by the government (osap).... and you cant claim bankruptcy with student loans....but this doesn't stop people form trying and or just putting the balance on a couple credit cards, waiting a bit and then claiming bankruptcy....Comment -
Curious Question....how did you think someone would "forget" about $40,000
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My advice is to first check your credit report to see if it's on there. If it's not that's motivation to work with them.
If it's with a collection agency it's not a gov loan anymore is it? If it's on your report already and they can't attack your assets, tell em to wipe those fees and interests off and you'll then commit to a payment plan. Get it in writing. Those admin fees are usually tacked on so they can take them off later to show they are working with you.Comment -
Student loans are becoming a joke, people will catch on soon enough.Comment -
Interesting Points Billy DComment -
I think the math is off. They cant charge you $15,000 to collect a debt. I think I would spend $2k on a lawyer. Aside from that this is what I would offer; you offer $400 month auto draft, strip out all late fees(not accrued interest) and change the interest rate to the current prime say 5.5% and a one time payment upon reworking/signing a new agreement of $5,000, they would take it.(dad will have to come through with the $5k)Comment -
10 years ago, my brief 2 year stint at a JC college was great. Glad I got that sh1t out the by 2001. Right now, military would be the best option for future kids, if you don't get beheaded or your legs blown off after a couple of tours.
For Nobs, too bad it's a student loan, since you can't file for chapter 7 or 13.Comment -
Be careful if you offer to settle the debt for less than full value somehow. The IRS would look at the difference as your income and you have to pay taxes on it.Comment -
can give you some tips that helped me get out of some students loans in canada, shoot me a pmComment
