Your continual calls are turning into harassment considering how often you call even when our son's loan payments are not in arrears. Please stop the constant calls immediately. My husband and son receive the monthly bill and attend to it a.s.a.p. Please note that my son is still in school and I believe he shouldn't have to begin paying back any loans until he is out of school, but that is between you, my husband, son and the U.S. and State Laws. Unfortunately, I am the one who has to deal with your calls all week long, can do not a thing about the situation, and would like the calls to cease immediately. Thank you.
Student loans being non dischargeable is an utter crime that creates indentured servitude. It allows the banks to loan to kids who they know will never be able to pay it back, and bear no risk for creating bad loans. That's called a moral hazard. It's also why tuition is so expensive.
Yes, someone who takes a loan has a responsibility to take it back. But the lender bears the risk that it won't be paid back due to any number of circumstances. That's part of why this little thing called interest exists. It's the lender's job to vet and qualify the borrower, in order to reduce their risk of non-repayment. This law enables them not to do that and have no consequences.
If a borrower is simply unable to repay a loan, that's bad, but it happens. That's why we have a credit rating system.
I didn't get any kind of loan, and they still bother me 3 times a day. whoever it is that had this number before me, i hate with a passion, but not quite as much as these jerks that keep calling me for no reason. OBVIOUSLY, my name is BRIAN and I'M A DUDE and my name is not Katharine!
If they are calling and you don't owe, tell them it's the wrong number, and if they continue to call, file a complaint with the FTC. It's against the law to continue to call if they have a wrong number. Check out the Fair Trade Collections Act to get more info.