The double truth, Ruth
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Sub: #33
Replied on 01-07-2010, 10:14 PM
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You said it. We're supposed to be the greatest country in the world, but one needs a lifetime of debt for a good education. In Cuba, they have free education all the way through PhD. Not to mention free health care.

Mom needs help
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Sub: #34
Replied on 04-01-2010, 12:01 AM
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I have discovered that my son has
100,000 in student loans that I supposedly co-signed on. I did not co-sign on these loans. Now they are going after me for the money. How do I get out of this without sending my son to jail?




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Sub: #35
Replied on 04-01-2010, 02:42 AM
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Fraud is a criminal offense. The only way to get out of it is by doing a police report.

Your son made a choice...there is a very clear statement on the prom note as to the penalties. Now it is your choice.




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Sub: #36
Replied on 04-01-2010, 12:08 PM
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I would call DS Financial they settled my debts for 22 cents on the dollar. They can be reached at 866-833-6398.

Not for student loans they wont.....

4DogMa
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Sub: #37
Replied on 06-01-2010, 10:02 AM
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Keybank put a loan in default with no notice to me (a cosigner). They didn't notify my daughter because she filed for bankruptcy so by law they can't contact her; she was making payments when it went into default! Of course KB refuses to do anything. My daughters' legal obligation may be over, due to the bankruptcy, but I am still liable. KB will settle the debt for 75% of the amount, but YOU HAVE TO ASK, and you have to have funds available, as the settlement offer is only good for 30 days.

Sub: #38
Replied on 06-01-2010, 11:01 AM
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What makes you think your daughter isn't obligated? Student loans are not included in bankruptcy.




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Sub: #39
Replied on 06-01-2010, 11:25 AM
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Correct......your daughters legal obligation does not end. As soon as the bankruptcy is dismissed it will all come due again.

DIRTGUY
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Sub: #40
Replied on 07-06-2010, 08:12 AM
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SoapLady, are you being paid by the big banks to post on here and to answer negative comments about Key Bank? I don't know why I am even asking, of course you are. Why else would you be posting on the same thread since 2007 if you weren't?

Get off of your soap box and look at things realistically. You are naive and out of touch if you don't think banks prey on students looking to better themselves by attaining a college degree. I am currently working 4 jobs... yes 4... with a child in daycare and still can't keep up with my loan payments. I have taken money out of my 401K to get caught up, then when life throws you one of those inevitable curveballs and you fall behind, Key Bank is there to say "F*** You, pay me". At least KB is constistent. Key Bank offers no solutions and thinks 18 months of forebearance time should be enough for a recent college grad to secure a well-paying job and begin repayment. They know damn well it is not enough time and then they start tacking on all the late-fees and extra charges.

Unregistered
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Sub: #41 Key bank
Replied on 07-06-2010, 08:15 AM
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Stay away from Key Bank... AT ALL COSTS! They make me wish I never went to college.




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Sub: #42
Replied on 07-06-2010, 08:35 AM
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SoapLady, are you being paid by the big banks to post on here and to answer negative comments about Key Bank? I don't know why I am even asking, of course you are. Why else would you be posting on the same thread since 2007 if you weren't?

Get off of your soap box and look at things realistically. You are naive and out of touch if you don't think banks prey on students looking to better themselves by attaining a college degree. I am currently working 4 jobs... yes 4... with a child in daycare and still can't keep up with my loan payments. I have taken money out of my 401K to get caught up, then when life throws you one of those inevitable curveballs and you fall behind, Key Bank is there to say "F*** You, pay me". At least KB is constistent. Key Bank offers no solutions and thinks 18 months of forebearance time should be enough for a recent college grad to secure a well-paying job and begin repayment. They know damn well it is not enough time and then they start tacking on all the late-fees and extra charges.
'
'
Sorry but welcome to the world of private student loans. What I post IS reality. Banks dont prey on the students....students borrow and sign for the loans of there own free will. Most dont bother to read their prom notes which fully explains the obligation. That is why I have always recommended that people NOT borrow private funds and stick with federal that will work based on your income. If that means changing your educational plans, so be it...but you borrow what you can afford.

And no..lI dont work for any bank or in student loans anymore.Havent for quite awhile but several of my friends still do ....I keep up on what is happening in the industry.

Pilot
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Sub: #43
Replied on 08-27-2010, 11:20 AM
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I had 113,000 worth of Key Bank loans discharged through bankruptcy last week. No co-signer. I can afford to live again. It is possible. Dozens of other pilots I know have done it.




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Sub: #44
Replied on 08-27-2010, 11:33 AM
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You more than likely did NOT have them discharged unless you had an adversarial hearing. If you just listed them without doing the hearing, the loans become due again as soon as the bankruptcy is discharged.

brokepilot
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Sub: #45
Replied on 09-18-2010, 10:18 AM
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I had 113,000 worth of Key Bank loans discharged through bankruptcy last week. No co-signer. I can afford to live again. It is possible. Dozens of other pilots I know have done it.
Pilot could I get your contact info?
I want to hear more about this and your supposed success.




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Sub: #46
Replied on 09-18-2010, 10:50 AM
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Pilot could I get your contact info?
I want to hear more about this and your supposed success.
Read the thread...he more than likely did not get them discharged.

G-LUV
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Sub: #47 Ignorance is Bliss
Replied on 12-17-2010, 03:39 PM
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You two so-called moderators are ridiculous!!! Student Loan providers should allow situational grace periods for borrowers because it would be in their best interest. If someone cannot pay for their loan due to economic troubles or because getting a college degree is basically the same as someone having their high school diploma 20 years ago. What I mean or should say is that if they allowed this "grace period" people would have less to worry about and could actually use the time that they don't have to pay on them to better their career and "get ahead" through experience in the work-force. Therefore, they could more readily pay off their debt. Its not that hard to understand that concept. Its also called compassion/empathy/having a heart/understanding. Ya know, the market is now saturated with college degree's. They are a dime a dozen and it no longer makes you any better than everyone else applying for a job; therefore, the amount people that get paid what we were all raised as children to believe (That you can only succeed and get a good job if you get a college degree). That is no longer true; however, we are now indirectly forced/pressured/taught to go to college and you'll make more than enough money to pay back your loans. This is the main problem! Anyone who cannot grasp that concept is ignorant of societal trends and more than likely was given an opportunity to succeed after college so they convince themselves that they "earned" it, when in fact, they were given a means to pay it back. I'm sure you answer to that is "No, I worked hard to get where I am!' Yes, I agree, working hard is a part of it. Of course, if you are someone who hasn't been given an opportunity to work hard at a meaningful job then you are stuck in the facet of life that all of the people who were given chances complain about. As human beings, we always try to make ourselves feel better about our accomplishments by putting others down. Think about the saying- IN A WORLD FULL OF SAINTS THERE IS ALWAYS A SINNER - then tell me or lecture us or whoever on "their lack of responsibility of paying back their loans" or how they should have known better than to take out so much money to "better themselves" - A college degree used to be a means to an end - now it is just a means we are taught to achieve, just to get into debt the rest of our lives. There aren't enough jobs for all of the degrees that get pushed out every year. You do the math! Ignorance is bliss - so appreciate the opportunities you were given to all of you who criticize those who are not able to pay on their loans temporarily. I'm guessing you vote next to the letter "R" and have insensitive parents, liviing in a box your entire life and probably never stepped foot into a social services job.
Thanks


Last edited by SOAPLADY; 12-17-2010 at 04:37 PM.



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Sub: #48
Replied on 12-17-2010, 03:42 PM
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Quote:
There aren't enough jobs for all of the degrees that get pushed out every year. You do the math! Ignorance is bliss - so appreciate the opportunities you were given to all of you who criticize those who are not able to pay on their loans temporarily. I'm guessing you vote next to the letter "R" and have insensitive parents, liviing in a box your entire life and probably never stepped foot into a social services job.
Amen to that!





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