Debt Collectors

[Rage Against the McKee]

1_hub and his wife are the victims here.  some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!

It is ridiculous. I do think that private lenders should take some of the blame when they decide to loan somebody tens of thousands of dollars to go get a journalism degree, though. I don't think the mob would have made that loan.

[michigancat]

1_hub and his wife are the victims here.  some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!

It is ridiculous. I do think that private lenders should take some of the blame when they decide to loan somebody tens of thousands of dollars to go get a journalism degree, though. I don't think the mob would have made that loan.

The real criminal is our higher education system.

[kim carnes]

poor 1_hub/wife

[420seriouscat69]

1_hub and his wife are the victims here.  some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!

Jesus, Carnes.

[kim carnes]

1_hub and his wife are the victims here.  some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!

Jesus, Carnes.

you disagree?

[kim carnes]

fanning, please continue to engage me in this thread, it could be great

[Dugout DickStone]

 

I didn't see where he said she had a new car. Maybe they are making payments on a used one.

If you owe that kind of jack you shouldn't be making payments on any car.

[Kat Kid]

this thread is like a nightmare and it stresses me out just thinking about being hub.

You'd be fine.

Yeah, you wouldn't buy a new car.

I mean whoever he is married to that would do this to him.

[jtksu]

1_hub and his wife are the victims here.  some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!

Jesus, Carnes.

I won't say that I wish bad things for Kim but, if he was to die a horrible death, I wouldn't mourn long.

[Trim]

this thread is like a nightmare and it stresses me out just thinking about being hub.

You'd be fine.

Yeah, you wouldn't buy a new car.

I mean whoever he is married to that would do this to him.

I meant you'd lay out the complete set of necessary facts in platinum, get instructions, and have it all resolved within the week.

[Dr Rick Daris]

i'm  not going to read this whole thread but if they are student loans, can she just not consolidate them and then get an extended repayment plan or something? i have a lot of student loans but they are at @ 3%, consolidated and on a 20 year repayment plan. very manageable.

[kim carnes]

1_hub and his wife are the victims here.  some jerk bank gave them tens of thousands of dollars and now they expect to be paid back?!?!

Jesus, Carnes.

I won't say that I wish bad things for Kim but, if he was to die a horrible death, I wouldn't mourn long.

Yikes.  What a weird thing to say in response to my post.

[420seriouscat69]

i'm  not going to read this whole thread but if they are student loans, can she just not consolidate them and then get an extended repayment plan or something? i have a lot of student loans but they are at @ 3%, consolidated and on a 20 year repayment plan. very manageable.

Private loans are a whole new ball game. There's no working with them.Government loans you can work with.

[Trim]

i'm  not going to read this whole thread but if they are student loans, can she just not consolidate them and then get an extended repayment plan or something? i have a lot of student loans but they are at @ 3%, consolidated and on a 20 year repayment plan. very manageable.

What we're left with after 9 pages of speculation is that the debt in question was a loan she defaulted on, and now is no longer a loan but rather the full amount of $____ that is all due now. 

[OK_Cat]

Are they still poor? I skipped a bunch of pages.

[raquetcat]

Are they still poor? I skipped a bunch of pages.

Yep, hub was giving Mrs hub until Wednesday and then they were going to talk it out.

At first I felt sad/bad for hub, but the longer this thread goes on the more mad/frustrated I become.

[Mr Bread]

Are they still poor? I skipped a bunch of pages.

Yep, hub was giving Mrs hub until Wednesday and then they were going to talk it out.

At first I felt sad/bad for hub, but the longer this thread goes on the more mad/frustrated I become.

It isn't an aberration that he married her. 

[Branson Bound]

Thanks for the link, WM.  Will definitely check it out.  Unfortunately, things have been a little touch-and-go around the Hubs household the last couple of days.  While I have been doing my best to educate myself on all this stuff (and like, 99.9% of everyone on here has been studs and I do appreciate everyone's input, concern, and support) it has been a fine line to walk with Mrs. Hubs.  On the one hand I am trying to use a light touch because, I see how much stress the situation has caused me just over the last few days, so I can only imagine it is exponentially worse for her and I don't want to come off as un-supportive or piling it on.  On the other hand, treating the situation with kids gloves is not going to be of any help towards reaching a solution.  To be honest I've allowed the conversation to be tabled this weekend since things were starting to really get tense.  We did, however, set a deadline for no later than end of day Wednesday to have a plan of action in place with concrete goals and tangible milestones along the way.  This should allow enough time for negotiations to conclude with her creditors or for us to have consulted with the appropriate credit councilors, if in fact there are any that can help her/our situation.

You really shouldn't wait until the last minute like that. Dave's show can be hard to get onto some times. You have to keep calling until somebody answers the phone and puts you on. I would start trying on Monday if I was you.

[Dugout DickStone]

Are they still poor? I skipped a bunch of pages.

Yep, hub was giving Mrs hub until Wednesday and then they were going to talk it out.

At first I felt sad/bad for hub, but the longer this thread goes on the more mad/frustrated I become.

In that regard it's a lot like nicname's lost phone thread.

[raquetcat]

Are they still poor? I skipped a bunch of pages.

Yep, hub was giving Mrs hub until Wednesday and then they were going to talk it out.

At first I felt sad/bad for hub, but the longer this thread goes on the more mad/frustrated I become.

In that regard it's a lot like nicname's lost phone thread.

Eerily similar, is hub a nicname sock? Stay tuned folks. . . .

[ChiComCat]

 

[OK_Cat]

speaking of debt collectors, some woman from a collection agency called my cell today looking for somebody (not me or anyone i know).  She was being really sketchy so i asked who she was looking for, who she was with, etc, and she started losing her crap.  she finally hung up when i laughed at her. 

maybe take that approach, hub?

[jtksu]

i'm  not going to read this whole thread but if they are student loans, can she just not consolidate them and then get an extended repayment plan or something? i have a lot of student loans but they are at @ 3%, consolidated and on a 20 year repayment plan. very manageable.

What we're left with after 9 pages of speculation is that the debt in question was a loan she defaulted on, and now is no longer a loan but rather the full amount of $____ that is all due now.

And soon will turn into a judgement and if they can't square up, garnishment.   I have a buddy in his late 20's who is in the tailend of the same situation.   Dude makes decent money but lives like a poor guy because half his check goes straight to the judgement.   BUT,  three years of suck ass later, he's almost clear.

[CNS]

A guy that works for a friend of mine quit college when he was 21, ignored his loan repayment, and his employer(my friend) was contacted 25yrs after the guy quit college and was required to garnish the guys wages until it was paid off which took a couple years.

It probably won't go away.

[420seriouscat69]

A guy that works for a friend of mine quit college when he was 21, ignored his loan repayment, and his employer(my friend) was contacted 25yrs after the guy quit college and was required to garnish the guys wages until it was paid off which took a couple years.

It probably won't go away.

Yeah, it definitely won't.