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So I heard on the radio that I don't need to pay my student loans back anymore

Posted on 7/18/17 at 8:56 pm
Posted by nateslu1
Mr. Belvedere Fan Club
Member since Apr 2012
6437 posts
Posted on 7/18/17 at 8:56 pm
Is this true? TIA
Posted by tigerbacon
Arkansas
Member since Aug 2010
3694 posts
Posted on 7/18/17 at 9:04 pm to
No, but a private company lost the paperwork so if they take you to court and yor one of the 800,000 then you et lucky and no more payments
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42460 posts
Posted on 7/19/17 at 5:45 am to
How do we find out if they lost the paperwork?
Posted by schwartzy
New Orleans
Member since May 2014
9030 posts
Posted on 7/19/17 at 6:11 am to
How does anyone lose paperwork in this digital age? Still frick student loans though. Their interest rates are about as high as credit card debt now. They should be no more than 3%, no exceptions
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 7/19/17 at 7:08 am to
So you demand someone give you a loan so that you can do something completely elective and you want to dictate the terms?
Posted by southernelite
Dallas
Member since Sep 2009
53174 posts
Posted on 7/19/17 at 7:09 am to
quote:

They should be no more than 3%, no exceptions



Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/19/17 at 7:35 am to
quote:

Their interest rates are about as high as credit card debt now.


Well, it's a personal loan to someone with no credit history.

quote:

They should be no more than 3%, no exceptions


Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 7/19/17 at 8:02 am to
quote:

They should be no more than 3%, no exceptions



I am quite sure that you would not lend your own money out to folks with limited credit history on these terms, or would you?
Posted by TheBoo
South to Louisiana
Member since Aug 2012
4486 posts
Posted on 7/19/17 at 8:17 am to
quote:

Still frick student loans though. Their interest rates are about as high as credit card debt now. They should be no more than 3%, no exceptions



Guess all college should be free for everyone too.
Posted by President
Clark and Addison
Member since May 2016
240 posts
Posted on 7/19/17 at 8:43 am to
It's amazing they lost 5 million worth in paperwork. How do you scrub up that bad
Posted by SippyCup
Gulf Coast
Member since Sep 2008
6139 posts
Posted on 7/19/17 at 11:53 am to
quote:

It's amazing they lost 5 million worth in paperwork. How do you scrub up that bad


Change that m to a B. It was 5 billion.
Posted by shel311
McKinney, Texas
Member since Aug 2004
110708 posts
Posted on 7/19/17 at 1:24 pm to
Looking this up, this is the same company that I'm still paying my student loans for.

Seems like a shitty thing that those who don't pay are going to benefit from this, but someone like me who has made every payment on time for about 12 years now still has to pay them? Boo!!!


There's gotta be a way to get in on this, other than defaulting on my loan and getting taken to court.
Posted by MSMHater
Houston
Member since Oct 2008
22774 posts
Posted on 7/19/17 at 1:35 pm to
quote:

They should be no more than 3%, no exceptions


That's where mine were. 3.6%. Until the federal government bought them all of course. Now 6.5%.
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5831 posts
Posted on 7/19/17 at 9:41 pm to
quote:

Customize
quote:

other than defaulting on my loan and getting taken to court.


or stop paying, hire an attorney or write a well crafted letter asking for documentation before going to court
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37034 posts
Posted on 7/20/17 at 10:53 am to
quote:

Seems like a shitty thing that those who don't pay are going to benefit from this, but someone like me who has made every payment on time for about 12 years now still has to pay them? Boo!!!


Yup. Sucks. This company/trust has two of my student loans.
Posted by AUjim
America
Member since Dec 2012
3662 posts
Posted on 7/20/17 at 1:16 pm to
quote:

Change that m to a B. It was 5 billion.


Yep. That debt has car doors that open like this.

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