01-12-2012 11:08 AM - edited 01-12-2012 11:57 AM
I just filed chapter7 and of course student loans is not dischargeable. I have been trying to get rid of it becuase ever since I have never used my education.
Plus the school never gave me the right job so now I'm stuck and my student loan are now on default. FYI. I have 3 kids and single mom. I have
been trying to start over and just filled chapter 7 last november. It has been discharged. I'm willing to pay it just to get away but I don't wanna pay it all.
I tried to pay it long time ago but ever since I filled and got pregnants I've been trying to pushed it back. That was 10 years ago since. There's time that they tried
to garnish my account because it has been default but after i contest it they gave me the money back.
What to do please? Need help. Thx.
01-14-2012 11:35 AM
"I have been trying to get rid of it becuase ever since I have never used my education.
Plus the school never gave me the right job so now I'm stuck ..."
Not a valid reason for not paying your student loans.
The debt is not going to go away. They will probably pursue many methods of getting their money back.
You can try to settle with the lenders/CA's or make the payments.
Take some time and go over your budget and figure out what you can afford to pay them each paycheck. Then start sending it to them, or save it up while you are negotiating with them to settle.
01-19-2012 07:26 AM
I agree. Try to make a payment arrangement. Also, if applicable, try to go into a rehabilitation for the loans. It helps a lot!
01-24-2012 02:16 PM
Thank you all! I'm also seeking lawyer to have them write me a letter so that they stop collection and garnishments. I'm scared to call them.
01-24-2012 03:44 PM
DOnt be scared. They will be willing to help you. If you get into a rehabilitation agreement with them, they will (after a certain amount of paymetns- I think 3 to 6) they will automatically stop garnishing your wages and taking your tax return. I was in a similiar boat as you, I didint know where to start ither, but they will work with you. You will be able to make payments that you can afford and after a while (9 payments) you can consolidate if you have more than one loan.
DONT BE SCARED, MAKE TODAY THE DAY YOU TAKE BACK CONTROL OF YOUR LIFE!