I’m about to default. Sallie Mae refused to put my loan in forbearance and tried to get me to pay while I was searching for job and starting school in August. I told them I couldn’t pay and they refused to work with me. Once this goes to a 3rd party collector, I will dispute the debt. I did this with multiple medical bills by disputing the charges and they haven’t called me back since.
With this life hack get any debt to go away. Just make no money and they have no wages to garnish - just like that there's no consequences
I read a student loan collector operator Reddit thread once. They said basically all you need to do is tell them you can tell them you will continue paying but you can only pay $5 a month. Legally they have to accept that, and you will never go in to collections because technically you are paying.
I wish I could find the Reddit post. It was actually really informative.
I post there a lot
Also, yeah me raises hand
The constant voicemail, email, and mail spam went way down when I defaulted on my three Sallie Mae private student loans. It's just on and off spam through email, one mail, and two voicemails every other month or something like that.
They keep advertising the same thing which is either settle, release the cosigner (if there is one) and borrower is on the hook for the rest, or principal only payments. But get this...INTEREST IS STILL PILING UP EVEN THOUGH I DEFAULTED AND SAID FUUUUU TO THEM.
Lmao at /r/studentloandefaulters side bar
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And then they wonder why their loan keeps ballooning.
Yeah Sally Mae agents just lurk in alleyways to ambush you into signing loans you can't pay back.
Its never their fault because nobody told them what an 'interest rate' is but they know every pokemon attack move.
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If anything it's the teacher who are to blame. They endlessly push their students to further education regardless of if it's right for them and totally dismiss the very idea of not being able to pay back loans.
I remember when a teacher told the class that they at 50 were still paying off students loans for a philosophy degree and then was confused why I was so set against getting a philosophy degree.
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wtf? how?
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what kind of literal moron does not understand interest rates
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