- 17,697
- 2,714
Paying very little. Worked out a deal with Sallie Mae for a 1%interest rate for abouta year since I was way under employed. Loans screwed my credit up but I didn't know any better. I'll die with this debt unless I hit the lottery
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Thank God I am in public service in 10 years I will be DEBT free
Being debt free in 10 years
Nah man. More like 10 days. Ten days.....
This is more my style.
Why ask for a loan when you can be debt free in 10 days?
Think outside the box, take risks
"Tryna get some money, gotta take risks"This is more my style.
Why ask for a loan when you can be debt free in 10 days?
Think outside the box, take risks
Because they are private. They are just like any other loan or collection agency. Fed loans is regualted by the gov so they are hardExplain please?
When you file your taxes, don't they see that you're not paying back your loans? Something ain't adding up here....
Owing 70k isnt a joke. My wife owes 30kIf you have defaulted on a federal student loan, up to 100% of your tax refunds can be seized. However, you may be able to avoid having your tax refund seized if you set up a satisfactory repayment arrangement and begin making payments. In @Superb's case, his loans are in forbearance which is preventing him from defaulting so he is avoiding having his tax return seized, I believe. Dude seems to know what he's doing honestly. Hope it works out for him in the future though if anything changes with his life.
if you take 6 credit your loan go into forberance.. teaching job 10 years loans are forgivin , you could teach anywhere part time. Lots of other stuff read up on itHow did you find loopholes and such?
This is the best way to go as far as getting reasonable payments. No grants in Graduate school just straight loans/scholarships. I probably go public service route myself and get those wiped away.All you brahs with federal student loan debt need to look into income based repayment.
Explain please?
Because they are private. They are just like any other loan or collection agency. Fed loans is regualted by the gov so they are hard
Statue of limitations is 7 years on private loans from the date of last payment
If you havent made a payment in years your better off not even doing so because it can reset the age of limitations and those 7 years start over
Explain please?
Because they are private. They are just like any other loan or collection agency. Fed loans is regualted by the gov so they are hard
Statue of limitations is 7 years on private loans from the date of last payment
If you havent made a payment in years your better off not even doing so because it can reset the age of limitations and those 7 years start over
Not quite. If they sell your debt to another company they can report for 7 years from the date of acquisition and so on and so forth. That debt can keep being sold and refreshed.
But never believe the private companies when they say they can garnish your wages because that's a lie. They have to take u to court first.
Explain please?
Because they are private. They are just like any other loan or collection agency. Fed loans is regualted by the gov so they are hard
Statue of limitations is 7 years on private loans from the date of last payment
If you havent made a payment in years your better off not even doing so because it can reset the age of limitations and those 7 years start over
Not quite. If they sell your debt to another company they can report for 7 years from the date of acquisition and so on and so forth. That debt can keep being sold and refreshed.
But never believe the private companies when they say they can garnish your wages because that's a lie. They have to take u to court first.
If they reage your loan selling it you can have it removed immediately
Op you stay making threads about finances it seem. How fly are you really though?
YOUR WRONGNot quite. If they sell your debt to another company they can report for 7 years from the date of acquisition and so on and so forth. That debt can keep being sold and refreshed.
But never believe the private companies when they say they can garnish your wages because that's a lie. They have to take u to court first.
This is why ppl resell sneakers.
YOUR WRONGNot quite. If they sell your debt to another company they can report for 7 years from the date of acquisition and so on and so forth. That debt can keep being sold and refreshed.
But never believe the private companies when they say they can garnish your wages because that's a lie. They have to take u to court first.
If they sell the debt the original 7 year limit DOES STILL apply.
Some crediters do illegal practing called reaging when they manipulate the last payment date to which is illegal...
But it doesnt matter if they sell the debt, the original 7 year date still apply
It dont tell me im wrong because you will get proved wrong real quick especially because I repair credit and took courses on the law and if you were thinking, you would had done a quick google search that tells you how wrong you are
And I never said they could not garnish your wages. Your right about that but once again your wrong
They DO NOT have to take you to court if it is a student loan...
But they and the employer are suppose to send you a notice within 30 days of garnishment and by law they have to work with you on affordable payments or you can claim hardship and garnishment will not continue
Also if they happen to take your taxes, depending on your finances you can get it right back by filing a appeal with IRS and loan company. If your in hardship they will return the money.. I did this before yeaaars ago. They took 4k. I filed a appeal and they returned all my 4k back to me
EDIT: i just saw you corrected yourself about the 7 year limit.
I got friends with 300K debt bc of med school.
Interest accrues for minimum 3 years, some 6+in residency.
Then finally finish and can make as low as 150K