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re: Need some OT financial advice
Posted on 4/10/17 at 2:43 pm to Nado Jenkins83
Posted on 4/10/17 at 2:43 pm to Nado Jenkins83
Damn, dude. I was lying. Remember that guy who started the thread asking us to help him look for a house? Said he could work anywhere because he works online from home making $30k a month and he had $750k saved up in the bank. 
And the guy who said I post a link to a book is lying too. I never did that.
And the guy who said I post a link to a book is lying too. I never did that.
2
Posted on 4/10/17 at 2:44 pm to fareplay
Have not seen a correct post to your question yet so here goes... It will NOT just magically drop off your credit report after 7 years. It MAY drop off after 7 years of INACTIVITY meaning that you could go with this blemish on your credit report for years, then some debt collection agency could file something on it with the credit reporting agencies and it will stay on for another 7 years. During this time be prepared to pay very high interest rates and be turned down for things like cars and mortgages unless you, at a very minimum, get your account up to date with payments....and every time you make a payment, every time they garnish your wages, etc.....yep, that is called 'activity' and the payment history over the years will be on your credit report for 7 more years from that point. If you're lucky, at some point it may actually have 7 years of inactivity and at that point it MIGHT drop off but it won't be 7 years after you stop paying. Unless you legitimately plan to ignore this for life and deal with the consequences then you'd be better off just paying it.
Posted on 4/10/17 at 2:44 pm to LSUBanker
Well.
Posted on 4/10/17 at 2:44 pm to SabiDojo
I was thinking I'm a dumbass and should get me some online gig like selling Amazon shite.
Posted on 4/10/17 at 2:45 pm to SabiDojo
I remember. You average 11 post per day, and I was wanting in on a job that pays me 40k per month to post 300 times per on here.
Posted on 4/10/17 at 2:46 pm to SabiDojo
What do you do?
Posted on 4/10/17 at 2:46 pm to CoachCredeur
oh for frick's sake
Posted on 4/10/17 at 2:53 pm to DaTroof
I am young, so I am ready to be patient for 14 years. 40k at 6% is fricking me up
Posted on 4/10/17 at 2:54 pm to fareplay
quote:
I think its stupid of government to hand out 40k loans to a 18 year old kid who went to get a biology degree with a minor in leadership. They took advantage of me and I want to repay the favor.
Are you for real? Get off your lazy arse and apply your biology degree because you sure don't need to use the leadership degree.
Posted on 4/10/17 at 2:55 pm to fareplay
quote:
I think its stupid of government to hand out 40k loans to a 18 year old kid who went to get a biology degree with a minor in leadership. They took advantage of me and I want to repay the favor.
Government will just go in dry on you in return.
Obligatory OT "should've gotten a petroleum engineering degree instead baw"
Posted on 4/10/17 at 2:56 pm to Tiger Prawn
My wife is a Geologist working for exxon. Thank god I got her pregnant when we were in college or else she may have considered leaving me.
Posted on 4/10/17 at 2:57 pm to fareplay
She's prolly getting d'd in the conference room right now
Posted on 4/10/17 at 2:58 pm to fareplay
quote:As pointed out, you can't get out of student loan debts. The government is involved; you can't beat the gov't. Some student loans are forgiven for various reasons. My sister-in-law won some type of lottery and all of hers was forgiven.
I have about 40k in student loans and wondering if I can just not pay and let it default.
Posted on 4/10/17 at 2:59 pm to fareplay
Ha Ha Ha - BAW you wasted that 40K cause you are duuuuumb.
Uncle Sam never goes away.
Trying owing Federal Taxes and see if that 7 year window works
Uncle Sam never goes away.
Trying owing Federal Taxes and see if that 7 year window works
Posted on 4/10/17 at 3:01 pm to fareplay
I think there is some type of student loan forgiveness programs...which entails paying the minimim for 20 years and getting the remainder discharged.
But then you pay taxes on whatever is forgiven.
The fed gov is the biggest loan shark and collection agency in the world. You cant run from them .
But then you pay taxes on whatever is forgiven.
The fed gov is the biggest loan shark and collection agency in the world. You cant run from them .
Posted on 4/10/17 at 3:02 pm to fareplay
I have zero student loan debt, however, my wife had some when we were married. If you ever file a joint return with her, you will have to fill out a form showing how much of it is yours and the government will take that. You can only do this 1 year. The next year, if you file a joint return again, they will take the entire return and apply it to the loan debt. I learned this the hard way through my wife. So, in short, you're fricking up both your and your wife's finances if you decide not to pay.
Posted on 4/10/17 at 3:07 pm to SabiDojo
quote:
She's prolly getting d'd in the conference room right now
i bet she licks rocks too
Posted on 4/10/17 at 3:10 pm to fareplay
quote:
I think its stupid of government to hand out 40k loans to a 18 year old kid who went to get a biology degree with a minor in leadership. They took advantage of me and I want to repay the favor.
You were not complaining when you were getting the money but now your complaining and thinking of how to get out of paying. What's the matter? no Job prospects. Next time pick a field that has better prospects.
Posted on 4/10/17 at 3:12 pm to fareplay
Can't default student loans, I believe.
Posted on 4/10/17 at 3:12 pm to fareplay
Go with your plan and report back to us in seven years.
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