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Reply to "Defaulting on student loan? "
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[quote=Anonymous][quote=Anonymous]ok so once you default they have two years to harass you. They get removed from your credit report in 10 years...so really it is just like a bankruptcy. (Education 10 years, all others 7 years). After two years they can not call you anymore. The federal loan can garnish your wages. Your credit will be ruined for 10 years. but if you default make no effort to pay it back because it will not matter. Your credit is jacked at that point. So don't get married for 10 years, make sure your credit is great, the house will just be in your name, but he will never be able to get anything. [/quote] defaulting means he will never get a car on credit, a house, a credit card...nothing. some employers also look at your credit. Any apartment might just have to be in your name.[/quote]
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