I have so much debt that I’m certain this regime will fuck up and make it worse for me, there’s little recourse to getting assistance with any sort of other debt. I keep trying to save but shit.keeps.breaking. I’ll never own a home, never retire, I barely have a comfortable life. Tell me what I’m not doing what those intrusive thoughts are telling to do again?
It doesn’t clear student loan debt, I have to have a level of hardship I don’t have. I’m able to pay my debts but I’m left with little afterwards. It’s a crummy catch 22 system overall and bankruptcy isn’t a magical get out of debt want. It hampers you in the new red lining they call “Credit Score.”
ooooooh, yeah…for studen loan debt i recommend just paying the absolute legal minimum to keep it from any sort of collections/default status (which, last i checked was like 50-100$/month?), then pretending the rest doesn’t exist.
eventually, either a sane government comes into power and clears all actively paying debts for an easy voter-support win, or the USA collapses entirely into a MAGA-amerikkka paradise and we probably have a 2nd civil war…either way not your problem
Nope, they killed the SAVE act so it’s gone up significantly from under that. If you don’t meet minimum payments it’s considered defaulting and you can bet this regime will be aggressive in collecting that money.
Is it possible to take out another loan and use that to pay off the student loan, then declare bankruptcy for that new loan? I’m sure there must be a rule against this, I can’t be the first to think of it.
You have to find someone who would do so without collateral of some sort. Which you’re not likely to find so you’d lose that collateral in the bankruptcy proceedings. Even federal student loans are predatory.
I have so much debt that I’m certain this regime will fuck up and make it worse for me, there’s little recourse to getting assistance with any sort of other debt. I keep trying to save but shit.keeps.breaking. I’ll never own a home, never retire, I barely have a comfortable life. Tell me what I’m not doing what those intrusive thoughts are telling to do again?
declare bankruptcy, that’s what it’s for
It doesn’t clear student loan debt, I have to have a level of hardship I don’t have. I’m able to pay my debts but I’m left with little afterwards. It’s a crummy catch 22 system overall and bankruptcy isn’t a magical get out of debt want. It hampers you in the new red lining they call “Credit Score.”
ooooooh, yeah…for studen loan debt i recommend just paying the absolute legal minimum to keep it from any sort of collections/default status (which, last i checked was like 50-100$/month?), then pretending the rest doesn’t exist.
eventually, either a sane government comes into power and clears all actively paying debts for an easy voter-support win, or the USA collapses entirely into a MAGA-amerikkka paradise and we probably have a 2nd civil war…either way not your problem
Nope, they killed the SAVE act so it’s gone up significantly from under that. If you don’t meet minimum payments it’s considered defaulting and you can bet this regime will be aggressive in collecting that money.
They’re already talking about garnishing wages.
Starting next month I thought.
Jeez, already? Ugh
Is it possible to take out another loan and use that to pay off the student loan, then declare bankruptcy for that new loan? I’m sure there must be a rule against this, I can’t be the first to think of it.
You have to find someone who would do so without collateral of some sort. Which you’re not likely to find so you’d lose that collateral in the bankruptcy proceedings. Even federal student loans are predatory.