Tuition debt question
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[COLOR=black]What are the consequences of informing the collection agency that I wont pay the tuition (I have the money to pay it in the bank, but dont really want to)? Is a ruined credit history the only consequence, if they decide to sue for the total, would that significantly raise the amount I would likely have to pay? I understand the state could try to withhold my tax refunds to pay the bill (this doesnt really concern me as I make sure not to get any)?[/COLOR]
Key word..."state school". Government debt. No SOL. You tell t
Key word..."state school". Government debt. No SOL. You tell them you wont pay, they will pursue you.
You ever want to buy a house?? Suggest you pay it now. They will get their money....how much you pay is really up to you....you agreed to all court and legal costs and tuition accounts usually charge about 50% in collection fees.
Thanks for the reply. So you are saying that they are likely t
Thanks for the reply.
So you are saying that they are likely to sue over this? Or that it will simply ruin my credit history?
Also, the same consequences apply to unpaid tuition as would app
Also, the same consequences apply to unpaid tuition as would apply to student loan debt or something of that nature?
Yup. If your credit is half decent and I can assure you a hard p
Yup. If your credit is half decent and I can assure you a hard pull will be done, they will sue thru the courts and pursue wage garnishment and bank seizure.