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 Posted: Thu Mar 13, 2008 12:36 am Subject: |
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Can't send a PM to a guest.
As for disputing it, good luck. I don't think you have much chance. What about taking what you learned and using that to make more $$$? That's what the rest of us do.
_________________
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The four 'no's of dealing with collectors:
No validation?
No payment.
No way!
No kidding!!
 Economic Stimulus information from the Infernal Revenue Sadists
Tellin' you all the zomby troof
Here I'm is, the zomby woof
[Frank Zappa, 1988 - R.I.P.]
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unclewulf
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Joined: 27 Nov 2007
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| Posted: Thu Mar 13, 2008 2:53 am Subject: |
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Not sure why it didn't have me signed in. I am the guest you refered to in previous post wulf. As for making more money...I am in the process of doing that now. I have no doubts I will get my loans paid off and life straight, but in the present time I cannot afford the payments they are demanding and won't budge on. I'm told by the agency that once it goes into garnishment, it will be about 900 a month and no negotiations on that amount. So I would not be able to afford that with a normal job either. I'm not sure if this is a scare tactic or if they would be able to give me the 400 a month payments again in the future. If so then i could let them garnish until I get full time promotion I am shooting for at the moment, which would up my substantially financially.
So yes, I am doing what the rest of you do I suppose, but for the immediate time and place I am in now, I am trying to see what I could do to stop the garnishment and/or lower my rehabilitation payments.
So as I said before, any constructive advice and/or information on this would be greatly appreciated. Not looking for you guys to solve my problem, just trying to gather and learn as much as I can so I am not the ignorant loan borrow I was then.
Knowledge is power, right?
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dragonfire2000_01
Joined: 10 Mar 2008
Posts: 4
Debtcc Points: 153
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| Posted: Thu Mar 13, 2008 3:25 am Subject: |
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I wasn't meaning to bash you at all.
What did you go to school for? Is it something that could support freelance work in addition to your job? For that matter, what about getting a second job?
_________________
-
The four 'no's of dealing with collectors:
No validation?
No payment.
No way!
No kidding!!
Economic Stimulus information from the Infernal Revenue Sadists
Tellin' you all the zomby troof
Here I'm is, the zomby woof
[Frank Zappa, 1988 - R.I.P.]
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unclewulf
Moderator
Joined: 27 Nov 2007
Posts: 2139
Debtcc Points: 17960
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| Posted: Thu Mar 13, 2008 4:29 am Subject: |
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DF2000, I am sorry that I don't have any useful advice right now, but I just wanted to say that I like your style; assertive, persistent, but not belligerent. You interpreted a comment as an insult, yet you responded in a very pleasant manner. I haven't seen much of that lately...best of luck to you.
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The only people with whom you should try to get even are those who have helped you.
-John E. Southard
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Morningstar
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| Posted: Thu Mar 13, 2008 12:59 pm Subject: |
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I went to school for Culinary Arts and was in process of completing my food service management. I didn't get to finish school due to no real fault of my own, but that's neither here nor there.
As a cook, you don't make very much more money than i'm making now unless you get into fancier places than chain. I have tried and am still trying but my lack of experience in actual hands on employment keeps me out of the loop. BUT if I do not get this promotion within the next two weeks, I will be using that for a second job. I may do that sooner, but my current employer has made it seem extremely promising on the full time promotion. And then it will depend on my actualy pay whether a second job will be needed. I'm hoping i can focus all my energies on one good job and move myself up as quickly as possible
I do not like the culinary field unless we are talking the business side, but I need to finish that degree first. hopefully once i get this on the right path I can push hard to finally doing that.
I wasn't really expecting this whole mess, seeing how I was not very smart in my decision making with loans and everything after. I should of expected this I suppose, but nothing to be done about that now. I know they are supposed to send a letter giving you 30 days etc, but I do not live where my mail was being sent and I guess my mother doesn't open my mail and/or send/forward it to me as i requested lol. I guess i should of saw to that myself. =)
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dragonfire2000_01
Joined: 10 Mar 2008
Posts: 4
Debtcc Points: 153
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| Posted: Thu Mar 13, 2008 1:01 pm Subject: |
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PS Yes I did interpret your comment as a negative response and I did get defensive. Guess that's the frame of mind I'm in dealing with this agency who wants all my money. =p I apologize )
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dragonfire2000_01
Joined: 10 Mar 2008
Posts: 4
Debtcc Points: 153
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| Posted: Thu Mar 13, 2008 5:44 pm Subject: |
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Having had time to read over my earlier remark, I can see where you'd take it in a negative light. I apologize. Such was not my intent.
The remark was basically accurate, in that I was taking a page from my own life. I took what I was doing in school and used it as a second [small] income, because I had no other choice. This while still in school. My presentation sucked, however. I plead stress and lack of sleep.
Explanation. Not excuse.
_________________
-
The four 'no's of dealing with collectors:
No validation?
No payment.
No way!
No kidding!!
Economic Stimulus information from the Infernal Revenue Sadists
Tellin' you all the zomby troof
Here I'm is, the zomby woof
[Frank Zappa, 1988 - R.I.P.]
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unclewulf
Moderator
Joined: 27 Nov 2007
Posts: 2139
Debtcc Points: 17960
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| Posted: Tue Mar 18, 2008 7:29 am Subject: |
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| Quote: | I make about 500 a month max at the moment and the lowest they will go, through the agency handling it, is 397 a month. As you can see this is much more than I could afford. I won't go into my sad story, but this is not reasonably whatsoever with my current situation. My total owed is about 65000 now. Which is due to a large amount of interest is all i can figure. I am in process of trying to get my paperwork so I can see exactly what is principle and interest.
All you have to do is ask the CA for a current breakdown of charges from the client. More than likely most of your past due interest has been capitalized into your principal balance and you will also have collection fees averaging 20% added to your balance.
I was just trying to clarify what disposable meant. I assumed bills etc that require you to "live" so to speak would be counted, such as rent and electricity.
Nope. Disposable income is your pay minus involuntary deductions..taxes, SSI, fica and healthcare. 15% can be garnished after that point.
Due to bouncing around on random friends and family and moving to a new state even, I am just currently somewhat settled and making progress in my life. The garnishment won't be much compared to 397, I just want to know my options for the long term, so i don't hurt myself too much.
I was a dumb kid who needed to get away from home and school was easiest. I did what i could to get the money and in hindsigh was not very smart in how I did it. oh well, gotta move on I suppose.
If anyone has information that may help me in this situation, please PM or post here. I am currently trying to learn the laws, rights i have, and how i can dispute this. |
At the top of this forum is a sticky with all the laws and basic student loan information. Rehab is in there as are the rules and regs on garnishment.
Keep in mind that by my calculations, you are accruing AT LEAST $300 per month in interest. Periodically they capitalize the interest so that hurts your bottom line even more. Yes you can get a lower payment plan but it is not going to do anything for your balance or your credit.
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SOAPLADY
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