Somebody won a lawsuit for her student loan
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Anonymous
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http://www.theguardian.com/commentisfree/2014/nov/24/sallie-mae-student-loan-financial-education A few things I don't understand- in debt collection, isn't it better to get some money? Aren't companies more willing to set up some kind of payment system rather than get nothing? Also, I don't know what those companies were, especially the one they have no record of. |
Anonymous
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Let's get this going!
For this example I'm going to say I know "Stephanie". So at 38 years old, she is the SECOND geography major I've EVER met in my lifetime. FUCKING GEOGRAPHY???? What is this world coming to!!!!!!!!!!!!!!!! |
Anonymous
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She didn't actually win the war, just the battle. She can still be sued. They just need to get their ducks in order to have the holder of the loan sue her in the proper venue.
People don't realize that Sallie Mae has not been associated with the Federal Government since 2004. |
Anonymous
But would't that mean, like it says in the article, they would have to register to do business in NY, since that's where the transactions took place? |
Anonymous
This makes no sense as a comment at all. The story is about a 26-year-old. |
Anonymous
yeh they tend to not make intelligent decisions overall. Anyways, why does she think that her rates should be better than credit card rates? It is unsecured debt. |
Anonymous
| My best friend is a geography major and is making 150k plus. It's high in demand with defense companies. She is great at geospatial mapping. You can't judge people by your limited knowledge of their major... |
Anonymous
Ironic pointing out the lack of sense found in a comment... |
Anonymous
true |
Anonymous
+1, my cousin is in geospatial analysis and does quite well. He majored in geography as well. |
Anonymous
Nah, she won. They won't register in Ny because they will not want to pay the supposed million, if not billions in taxes and penalties. |
Anonymous
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I have 2 loans with Sallie Mae and I agree with her that they are relentless. Since taking out the loans in 2003, I have never been over 30 days past due. If I am just a few days past due, they will call NON-STOP. It's crazy. Even if you go on, make a payment, and have the confirmation number...they will continue to call. It borders on harrassment.
I will be paying off my remaining balance next year and I CAN'T WAIT!!!!!!!!!!!! |
Anonymous
Sounds like all their harassment worked cause you are paying off the loan |
Anonymous
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Good, I am glad she won.
I think it's a two pronged approach that is needed - one, there needs to be much better counseling at the college level about loans and how that will effect lifetime earnings. two, some student loan debt needs to be discharge able in bankruptcy. At least some percent. |
Anonymous
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The fact that the loans ballooned from 36K to 77K in three years while she was unemployed and looking for a way to work things out is appalling.
She is resourceful and tenacious and I would expect her to do very well in life. |