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Reply to "Somebody won a lawsuit for her student loan"
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[quote=Anonymous][quote=Anonymous] 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. [/quote] This is how she won: The debt was sold to another company for pennies on the dollar, but the "buying" company did not have the full paperwork (because the debt was cancelled for the original loaner, not for her) . So they could not "prove" that she owed them. The parent company had already written off the loan, so they could not collect further. Really a crooked system all around.[/quote]
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