50 student loans
-
-
First of all you can't file bankruptcy. Bankruptcy doesn't cover student loans or tax debt....that's one of the reasons anyone can get a student loan.Originally posted by Young
Second you probably can't sell the car if you owe more on it than you can sell it for. (Likely if you've only had it a year)
The bank won't release the title to the car until the entire loan is paid off....so if you can't get that much for it then you can't sell it.
Student loans aren't made by the government...they're guaranteed by the government but it is private lending institutions that actually loan and collect the money.
If you're far enough behind to be in default (several months at least I'd assume) but you were budgeting to make your payment every month then you ought to have a big stack of cash set aside from those payments that you didn't make to get you out of default and back on schedule.
If you went out and blew the loan payment money because they weren't sending you an invoice then its your own damn fault and you gotta pay the piper.sig too bigComment
-
I was told that State guaranteed loans can not be rehibilitated. This was told to me by the collector so I want to take it with a grain of salt. He told me to pay them back 20% and then pay the rest over 24 months. Does this sound right?Originally posted by Lenny2★★★
Comment
-
If you want a contact for an attempt to consolidate the student loans, drop me a note. I can help with a contact, I cannot warrant the response.
lee at dreamnet.comComment
-
appreciate it...soon as i get in front of outlook ill sendOriginally posted by Probono★★★
Comment
-
I have no idea, if it was guaranteed by the state then those laws will be specific to your state.Originally posted by Young
Your best bet would be to find the controlling agency within your state and talk to them. (I'd start with the department of education)
Then you can find out all the rules and regs and what you can and can't do.
If he wants 20% and you don't have it then what are they going to do? Their only real recourse it to garnish your wages and take any tax refund that you are due. (Both of those are unlikely if you're self employed)sig too bigComment
-
Originally posted by Raven
Yep, amen to that. Although they will pretend to want to take you to court. They're shady like that.
Comment
-
well said,well said!Originally posted by BlueQuartzyou are living way beyond your means
you have all those things and cant afford to pay anything back??? so typical of days consumer monster. BUY BUY BUY - must have good car!!!!!
take a good look at life boy - its not all about what sort of car you drive
Comment
-
the basic lesson is to stay the hell out of school, way waste 4-6 years and earn a low salary working for some fag? school is no longer needed, its just a complete waste of money. its only for immigrants that we need to operate and program machines.Comment
-
You think that's bad I had Florida pre paid college credits I was using and got a loan from financial aid. Well they took out both my college credits and my tuition from my load (money that was supposed to go to me to help me live) and now I am paying for college twice - they say I owe over 13k in student loans when I only ever got 4,000 over 4 years MAX. School fucked up and now I've been paying for it for the last 8 years. I need a lawyer.Comment
-
I dont udnerstand student debt...shoudnt that be your first priority out of school? Im about 1/3 of the way through now with about 12K in loans but they are my first priority. The second I get a salary job im paying those off. Also, makes you wish you did well in highschool....could of got scholarships hahaComment
-
Shady? They are trying to collect on a debt he incurred.Originally posted by cadillac sparks
They can and will proceed with legal action. Gone are the days when all a collection agency could do was call and harass....now they put it into the hands of attorneys and they take you to court.
The guy defaulted on a loan. He owes the money.
And, if he doesn't pay, it screws his credit up forever.Raven
~RETIRED~
Comment
-
yea man, you gotta get rid of your car, get your shit together and then you'll be able to get a nice car again
- VOYEUR /HOMEMADE, HENTAI / CARTOON, Reality, Amateur, Shemale, Hardcore, Cuckold, Celebrity, Retro/Vintage, ect...ALL OUR SITES >>
- Unbelievable Ratio | High % of Rebills | Bi-Monthly Payments (also to E-Passporte)
- Ton's of EXCLUSIVE Free content & FHG's |=> GREAT REVENUE $$$ GUARANTEED!
Comment
-
sell your fucking car dumb assComment
-
you could always change your identityOriginally posted by YoungComment
-
All of you people saying get rid of your car are out of your minds.
He CAN'T!!
He probably owes more on it than its worth...if he can't sell it for enough to pay off the loan then he won't get the title from the bank and therefore can't sell it.
I admit buying it might not have been the wisest idea, but its too late now.sig too bigComment
-
indeed, sell your car and get a cheaper one, and your debts shall go away.Comment
-
Credit unions are sometimes more willing to help with something like this than a bank. Give one a try.PornGuy skype me pornguy_epic
AmateurDough The Hottes Shemales online!
TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!Comment
-
Yes he can. He'll just lose a big chunk of cash because of it, but it's the only way for him to get out of the hole. He got the car for $35k. Let's assume he can sell it for $20k-$25k. I don't know how old it is, just throwing numbers out there. He can pay off his student loan in one lump sum and he'll be stuck with a few grand change and a car loan to pay off week to week. Yeah, he'll be paying for a car he no longer owns or gets to drive, but at least he'll be paying off a non-defaulted loan over time instead of having his ass handed to him. He fucked up. He's going to take a big hit no matter what he does, and selling his car is the best option he's got.Originally posted by Lenny226 + 6 = 1Comment
Comment