Hello all finally people to relate too about student debt
Well anyway i should tell you my college debt issue and see if you people could point me to the right direction and make some new freinds here :)
Ok in a nut shell me and a few friend;s of mine have been taken by our old tech college . they refferd us to a consolidation company that they have delt with for a few year's and we trusted there input.Well i graduated and got a letter in the mail from the college and massive amounts of phone call's to consolidate so me and my college buddie's went to the financial aid office and talked to the advisor's we had there and had trust in about this.So we all not at the same time mind you .We talked to the consolidation company with our finaid advisors there and got the question's we wanted answerd or so we thought at the time.The finaid advisors told us to lock down our rate with this company online and then they would send us packets to sign and send back but it never happend.Me and my other buddies got payment book's from diffent bank's 3 day's later.I thought it was odd so i contacted the consolidation company and the guy i talked to was unavailable so i called the bank that hold's my loan's and asked them what was going on.I didnt recive any paper work to sign to officalize the payback of the loans.They told me point blank in a rude unprofessional manner
you already signed the paper work now when can you make this payment.I asked umm i didnt sign anything they said well we used your SS# as a digital signature and it is legally binding there's nothing you can do.I flew off the handel between my car being broken down,relying on other's and being in debt and drowning on people i owe besides mystudent loan's i felt and feel i really painted myself in a corner.
I am unemployed and there is no way i can make any payment but i dont know even if i should if the consolidation company did was legal or not. I did in the past talk to an legal advocate and she said that it's illegal for company's besides the federal goverment to use your SS# for anything like this. so i dont know Id just like some answer's or at least some advice. thank you :)
I read someone here going through similar situation. His SSN# wa
I read someone here going through similar situation. His SSN# was also used as digital signature. I think this is something illegal using the SSN# to sign the contract. Have you explained this incidence to your state AG's office? They will help you how to proceed in this matter legally. If you get their response, let me know. I don????????t know how to tackle this issue.
Information regarding digital signatures
Digital signature is a term with confusing reference. It is generally taken to be a 'subset' of electronic signatures.[1][2][3][4] But some people use the term to describe something equivalent to electronic signature. As does this legislation.
electronic signature means an electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record.[5] This is the definition given by the U.S. Electronic Signatures in Global and National Commerce Act of 2000.
Or it can be used as a broader term encompassing message authentication codes, file integrity hashes and digital pen pad devices.
In this article digital signature is used to mean a cryptographically based signature assurance scheme. Many have been proposed, some have been found to be flawed and are not used. Some are covered by patents, some were covered by patents which have expired, and some are free of patent license requirements, though there is more than a little disagreement on this point amongst those with commercial interests.
Digital signatures are often used in the context of public key infrastructure (PKI) schemes in which the public key used in the signature scheme is tied to a user by a digital identity certificate issued by a certificate authority, usually run by a third party commercial firm. PKI systems use asymmetric key cryptography to unbreakably bind user information (name, address, phone number, ...) to a public key; the underlying idea is closely akin to that of a notary endorsement. There are several digital signature schemes; most establish two complementary algorithms, one for signing and the other for checking the signature at some later time. The output of the signature process (in principle, these are bit strings, though they can be represented in many ways) is also called a digital signature.
The term electronic signature, although sometimes used for the digital signatures discussed here, has had a distinct meaning in common law: it refers to any of several, not necessarily cryptographic, mechanisms for identifying the originator of an electronic message. Electronic signatures found valid by courts in various jurisdictions have included cable and Telex addresses, as well as fax transmission of handwritten signatures on a paper document. It is said that this is the reason both the Uniform Electronic Transactions Act (U.S. state law), and the U.S. Federal Electronic Signatures in Global and National Commerce Act refer only to electronic signatures. As the security (and workability) of the digital signatures discussed in this article are quite different than all other kinds of electronic signatures, these legal usages present problems in practice.