If you defaulted on a school loan cause you weren’t able to repay it back please answer this question.thanks
Sure, they can take away your tax return checks and withold a partion of your checks, you won’t be able to take out a future loan for school, creditors will be hounding you for money all the time, they can seize your car to resell it towards the balance on your loan. Bankrupty is no longer an option since Bush signed the bill a few years ago that changed the bankruptcy laws. But how did you resolve your own situation? I’m not looking for a loop hole to get out of repaying it. But I need to know what options are avaiable for people who honestly can’t afford to repay their loans. Thanks
May 19th, 2009 at 10:50 am
I had to call them and let them know that I honestly wanted to repay. I was firm with what I would pay. They always come up with ridiculous amounts but I kept saying no, I’ll just default again. So basically they took what they could get. I do make an honest effort to pay it back today, and if for some reason I can’t I’ll call them and we’ll work it out. Call them, it’s way easier than avoiding it.
May 22nd, 2009 at 1:39 am
I think you will be hounded until you die. But that’s just an opinion. Personally, I think anyone with student loans should have to pay on them. the government loaned you money to go to school. Now be fair and repay the government so they
can help someone else.
May 23rd, 2009 at 8:01 am
You can refinance your vehicle, or let them take the vehicle, and just apply for a another loan for a new car. I had really bad credit, and I applied for a car loan through this company and go approved really quickly and surprisingly easily. Heres a link to they’re website. I’ve had no problems, and I have nothing but good things to say about them. I highly reccomend them!