what will you do when this catches up to you?

brandonswife07

I have thrown out every single student loan bill I have ever recieved.  99% I never even opened.  I am usually really responsible, but with these loans, it makes me want to puke, especially since I am pretty much a SAHM and not even using my $150,000 education :P

 

don't get it at all.

cankle

The thought of doing that gives me a knot in my stomach.  I'm worried for her.

smiling76

Yikes.  Where did you see this?  I must have missed it.  That is not a wise decision.  That will hurt your credit so badly.  Ugh.

 

Kearsta

Ya, I responded to this statement.? I didn't get it at all, either!

LynnInLove1007

I am assuming she can't afford to pay them.

mabst196

That freaks me out for her as well.

cankle

LynnInLove1007:

I am assuming she can't afford to pay them.

Yeah, but to just throw the bill away...even just paying a bit is better than trying to ignore it, you know?

303jess303

I unfortunetely did this with some old medical bills..WORST mistake ive ever made! Seriously!!!! I dont know what the hell i was thinking.,..it definetely came back and bit me in the a**!

She should try to make tiny payments!!! even 5 freakin dollars! At least then it wont affect your credit!

LynnInLove1007

cankle:

LynnInLove1007:

I am assuming she can't afford to pay them.

Yeah, but to just throw the bill away...even just paying a bit is better than trying to ignore it, you know?

Maybe she doesn't have a bit to put towards it. We don't know her financial situation. Even if she put a little towards it she would still be late and her credit would still be screwed. Eventually I am sure she will be brought to court to pay the debt or have to file for bankruptcy.

I really can't stand it when we have a FFFC and someone later in the day makes a post wanting to flame them. She said she is sick about it, I don't know why we have to make her feel worse.

JARbaby

OMG does she understand what happend when you MESS WITH GOVERNMENT MONEY???

OMG, OMG, OMG!

If my DH found out I did that he would leav eme because I ruined OUR credit.

 

You CAN negotiate very small payments but being in contact with them is the key. At the very least you she needs to pay the interest.

nbjenni

They will take the $ out of your tax returns after a few years. My H neglected his student loans and our nice, cushy $5K refund last year turned into $300.

BetchySprout

Wow that is a huge HUGE mistake. Those loans follow you until the day you die and are not bankruptable. Holy crap. DH was not paying his SLs when we got together...thankfully I caught on and was able to catch him up (DH is like an infant when it comes to money matters).

brandonswife07

LynnInLove1007:

cankle:

LynnInLove1007:

I am assuming she can't afford to pay them.

Yeah, but to just throw the bill away...even just paying a bit is better than trying to ignore it, you know?

Maybe she doesn't have a bit to put towards it. We don't know her financial situation. Even if she put a little towards it she would still be late and her credit would still be screwed. Eventually I am sure she will be brought to court to pay the debt or have to file for bankruptcy.

I really can't stand it when we have a FFFC and someone later in the day makes a post wanting to flame them. She said she is sick about it, I don't know why we have to make her feel worse.

nobody is trying to flame her.  mabye we want to help her out.

i feel sick for her.  she seemed pretty flippant about it in her confession.

disbride061103

People like this drive me crazy.  Someone loaned her $150,000 to get an education.  Now she thinks that because she isn't using her education, she doesn't need to pay it back.  

Eventually, there will be a court judgement and any wages (although I think it said she was SAH) or federal tax refunds can be garnished.  It will also negatively impact her credit rating and effect her ability to buy a house, car or even get a credit card.

*parrothead*

This shocked the hell out of me.  Sorry, but it just seems lazy to me.  There are ways to lower the payment and protect your credit - you just have to make the effort to deal with it.  Just not paying is a disservice to your whole family.  They have to deal with your credit too. 

 I don't understand when people are irresponsible with money.

tnbride80

LynnInLove1007:

cankle:

LynnInLove1007:

I am assuming she can't afford to pay them.

Yeah, but to just throw the bill away...even just paying a bit is better than trying to ignore it, you know?

Maybe she doesn't have a bit to put towards it. We don't know her financial situation. Even if she put a little towards it she would still be late and her credit would still be screwed. Eventually I am sure she will be brought to court to pay the debt or have to file for bankruptcy.

I really can't stand it when we have a FFFC and someone later in the day makes a post wanting to flame them. She said she is sick about it, I don't know why we have to make her feel worse.

?

I completely agree. I don't think someone should be flamed for their own choices, regardless of the reason they make them. It seems like she wanted to vent or something, not be made fun of. I do hope she takes the time to open at least one of the next ones that come in and call the number on it and explain her situation. They are usually really good at helping you out if you are late or can't afford to pay. They can defer your loans for economic hardship or something.?

Judah'sMommy

She probably won't have to pay anything if she applies for a deferment.  Amberli if you see this, please do that instead of ignoring it.  DH's student loans went into default and it took us a year to get out of it.  We missed out on our big tax returns and our stimulus check.  They will almost always grant a deferment if you ask for one.

Cytina

It's good that she's a SAHM b/c if/when she gets a job, they will garnish her wages...  I have at least a dozen employees w/wage garnishments for student loans.

yoko589

LynnInLove1007:

cankle:

LynnInLove1007:

I am assuming she can't afford to pay them.

Yeah, but to just throw the bill away...even just paying a bit is better than trying to ignore it, you know?

Maybe she doesn't have a bit to put towards it. We don't know her financial situation. Even if she put a little towards it she would still be late and her credit would still be screwed. Eventually I am sure she will be brought to court to pay the debt or have to file for bankruptcy.

I really can't stand it when we have a FFFC and someone later in the day makes a post wanting to flame them. She said she is sick about it, I don't know why we have to make her feel worse.

 I agree.  Let it go.

JARbaby

And it will effect her childrens ability to get financial aid and loans if they go to college, grad-school...

BetchySprout

yoko589:

LynnInLove1007:

cankle:

LynnInLove1007:

I am assuming she can't afford to pay them.

Yeah, but to just throw the bill away...even just paying a bit is better than trying to ignore it, you know?

Maybe she doesn't have a bit to put towards it. We don't know her financial situation. Even if she put a little towards it she would still be late and her credit would still be screwed. Eventually I am sure she will be brought to court to pay the debt or have to file for bankruptcy.

I really can't stand it when we have a FFFC and someone later in the day makes a post wanting to flame them. She said she is sick about it, I don't know why we have to make her feel worse.

 I agree.  Let it go.

 

The problem is, they are not bankruptable. They will NEVER go away. No statute of limitations on them. That is the sad part. Student Loan companies work with you, you legally get a 3 year freebie deferment if you ask for it (but you have to ask!) plus there are special deferments for economic hardship, maternity, going back to school, and military deployment. They will work with you IF YOU ASK. If you just don't pay, they will garnish your wages and taxes. I missed a $30 student loan payment 6 years ago and it is STILL a black mark on otherwise perfect credit.

Amberli

Ok, ok, ok.  I see the post.  My IRL friend just called when she recognized the situation, didn't even see my name!  It doesn't say my name but I posted this on FFC.  I did talk to someone and I have until Feb to get back on deferment.   I know it's awful.  I am ashamed.  I will DO better!

Amberli

And thanks for the post BW.  It made me feel really stupid and I think it will push me to actually get it taken care of.  Alot of the info in the post is new to me and will be helpful.

lizzyjames

nbjenni:

They will take the $ out of your tax returns after a few years. My H neglected his student loans and our nice, cushy $5K refund last year turned into $300.

  YUP.  Happened to me too. 

vanillacourage

tnbride80:

 I don't think someone should be flamed for their own choices, regardless of the reason they make them.

LOL, are you new?

Nidubb

Boy that is horrible.  I feel badly for her, she must be so miserable to be in that situation.  I hope they will figure out away to reduce all that stress.  Financial worries are not easy for anyone much less a new baby etc....

Nidubb

Don't feel stupid, I think most of the people were worried about you and wanting to help!  It is a tough situation to be in and must cause your family stress...everyone is feeling the pinch these days.  I am sure with all this info you will be able to figure something out.  It is amazing how powerful the internet is.... HAHA

Nidubb

No joke you can get flamed from breathing. 

Amberli

Nidubb:

No joke you can get flamed from breathing. 

Thanks   I really never get involved in the drama so I take nothing from it but what will help me.

brandonswife07

Amberli:

And thanks for the post BW.  It made me feel really stupid and I think it will push me to actually get it taken care of.  Alot of the info in the post is new to me and will be helpful.

you're welcome.  i honestly wasn't trying to flame you.