Originally Posted by
haymaker
Why did you take a $65,000 loan, with I am assuming limited to no income in the first place? I know 19 is young and we all make bad decisions, but why the flippant attitude now? You entered into a legal contract, defaulted, and now apparently have no regrets.
Don't blame the career path, you didn't sign the loan contingent on "proper career progression". You signed for funds to pay for education expenses. They lived up to their end, and you should do the same. I understand that personal responsibility is on a rapid decline, but why the seemingly proud attitude on how you "got away with it"? I am glad it worked out for you.
I am not proud of a very uneducated risk I took when I was 19. If it was a local bank it would be a different story. But the loan I took out should of been illegal really. I tried to pay them something little every paycheck but they were not working with me at all. It was like throwing money away trying to pay them. This was one of the key bank loans.
Originally Posted by
cubbies4life
Do you own a house? I have seen mortgages denied for unpaid parking tickets. I find it hard to believe you will ever approved for any sort or home loan.
Yes my credit suffered short term but has gotten much better over the last 5 years. I do own a house. I had to put down a larger amount than most people. I am also married and my wife has had excellent credit when mine has suffered. Both our names are on our house.
Originally Posted by
rev4life03
I find this hard to believe, student loans (or any loan really) don't just disappear.
They are not gone but they are paid. Somewhere down the line in the last ten years of not paying them the balance owed on them is zero. I never did any investigating on why this is the case. I know the loans were sold to multiple different companies. In fact if I had to pay them, I wouldn't even know who to pay now.