What truly happens if you simply CANNOT pay your loans?

[BMBiology]

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It's NOT forgiveness!!! listen carefully....it's a settlement! period. paid and done. No tax liabilty...etc. This has nothing to do with "forgiveness". You are basically threatening them with bankruptcy ok? now follow me before you explode. since these types of "private" loans are considered more like a bank loan...etc right? it can be discharged in most cases...most people dont know this. So after you set yourself up and brace for impact, you default ok? then your lawyer says "were filing bankruptcy". (your not really though). Then your lawyer and their lawyer get together and say hey this guy has a little cash from some recent dead uncle, family inheritance...whatever, ok? he can pay you 15K, they say no, usually....ok we can see if he can pay 23K? (or he has to file chapter whatever). They cave in and take what they can get. your still paying essentially what you borrowed, plus a little interest (which they deserve). end of story. thats how it works. A decent lawyer can get this done for around 2500$. ok? it worked for me. but as i stated above, it's NOT for everybody, unless you have a good liquid cash position.

and what do you mean go ahead and do it? It's done as of last month my man. Debt gone. Now i told you there are ways of using lawyers to bring your credit score back from the dead. sometimes within just 1-2 years. back to 800+. That is whats happening now....expand your mind a little, the system has flaws, you sometimes need to utilize them. Don't blame me, blame the system if you dont like it. Not everything is black and white, learn to live in the grey and life will be easier.

FYI as of now, this CANNOT be done with federal loans.

This fool actually think he is the first one who had thought about this. Like I said...stop wasting your time on an internet forum. Go do it and then tell us how you did it. This guy writes like an 5th grader and he thinks he is smarter than the bank.

 

[sozetone]

It took you 9 years to do prereqs plus pharmacy?

Even when pharmacy was booming taking much more then 1x annual salary is just dumb student loan wise.

oh im sorry were YOU going to loan me the money? now thats dumb....you dont have a choice if you love what you do and want to continue doing it. There is only ONE lender, uncle sam. And at the time salaries and jobs were looking good, so dont blame me.

 

[sozetone]

This fool actually think he is the first one who had thought about this. Like I said...stop wasting your time on an internet forum. Go do it and then tell us how you did it. This guy writes like an 5th grader and he thinks he is smarter than the bank.

I see language and articulation of speech into writing is an issue for you, so i dont expect you to understand the "ROAD MAP" i literally just laid out for you above man! it's done and i explained how, now go consult a lawyer yourself if you have private loan issues you need to address. And see if im wrong? try that right?and i write like a 5th grader? "This fool actually think he....." really?.....check yourself pal.

 

[BMBiology]

I see language and articulation of speech into writing is an issue for you, so i dont expect you to understand the "ROAD MAP" i literally just laid out for you above man! it's done and i explained how, now go consult a lawyer yourself if you have private loan issues you need to address. And see if im wrong? try that right?and i write like a 5th grader? "This fool actually think he....." really?.....check yourself pal.

You are all talk. Where is the prove?

 

[sozetone]

look im tired of quibbling over this topic. If anyone is drowning in high interest PRIVATE loans and wants to try a way out. Feel free to hit me up PM and we can have a rational discussion. I am done ranting with you here. be well.

 

[sozetone]

You are all talk. Where is the prove?

IT's PROOF!!! not PROVE....i told you how it works, now go call a student loan lawyer and get your PROOF!!!.....then you can come back and apologize. for now lets end this ok? im just too tired to go round and round with you...

 

[BMBiology]

IT's PROOF!!! not PROVE....i told you how it works, now go call a student loan lawyer and get your PROOF!!!.....then you can come back and apologize. for now lets end this ok? im just too tired to go round and round with you...

That is right. All talk. What is so hard about proving what you are saying? A simple picture would do.

 

[sozetone]

That is right. All talk. What is so hard about proving what you are saying? A simple picture would do.

OK HERE IS YOUR PICTURE:

This is me celebrating after paying down that loan.

 

[BMBiology]

Here is the picture:

Try harder next time. You can’t even buy a cup of coffee! No one is believing your BS.

 

[BMBiology]

Here is another picture:

 

[ldiot]

In theory you could have a minimum wage job and not fall behind on payments since some options allow you to pay based on a percentage of your income rather than a fixed payment

 

[BidingMyTime]

This country elected a scam artist as the president. Shows you the below-average IQ throughout this country.

No, it shows that people were between a rock and a hard place with the 2 major candidates. Let's not pretend H Clinton wasn't just as despicable, just in different ways. Both the Democrat and Republican parties put up horrible candidates that many people despised...and SURPRISE, one of them one. I will say, Trump has kept us out of a nuclear war, and I thought that would be a certain when he was elected. So, in my eyes, he really isn't as bad as I thought he would be.

I’ve never heard of the government turning down or looking away from recouping cash

Of course not. Way back in 1988, IL passed a law requiring illegal drug dealers to put tax stamps on their Illinois Imposes a Tax on Illegal Drug Dealers Illegal or not every government body wants a piece of the pie.
]

OK HERE IS YOUR PICTURE:

View attachment 267173

This is me celebrating after paying down that loan.

Soooooooooooooo, which guy are you in the picture? The stoned guy in the back who looks like he's just been arrested by 2 undercover cops for not paying his taxes?

 

[sozetone]

No, it shows that people were between a rock and a hard place with the 2 major candidates. Let's not pretend H Clinton wasn't just as despicable, just in different ways. Both the Democrat and Republican parties put up horrible candidates that many people despised...and SURPRISE, one of them one. I will say, Trump has kept us out of a nuclear war, and I thought that would be a certain when he was elected. So, in my eyes, he really isn't as bad as I thought he would be.



Of course not. Way back in 1988, IL passed a law requiring illegal drug dealers to put tax stamps on their Illinois Imposes a Tax on Illegal Drug Dealers Illegal or not every government body wants a piece of the pie.
]


Soooooooooooooo, which guy are you in the picture? The stoned guy in the back who looks like he's just been arrested by 2 undercover cops for not paying his taxes?

its fear and loathing in las vegas, thats johnny depp,

 

[sozetone]

just call a lawyer and figure it out if you are struggling with a high private loan. If they tell you it cant be done, im wrong. Enough of you guys.....im exhausted. i did it, it's more than possible, or i wouldn't have shared the info with you. now stop bugging me.