Student Loan

Quick_Stamp · #1 11-06-2006, 04:37 PM

There has been some information posted here regarding trying to clear up a student loan using the VoD method, but no real concrete evidence. Therefore I would like to attempt to complete the process, using this forum as a way of discussing a strategy and then implementing a process that can then be shared and items downloaded so that others can benefit. Anyone willing to join me in this endeavor?

Quick

Judge Roy Bean · #2 11-06-2006, 06:48 PM

Quote:

Originally Posted by Quick_Stamp

There has been some information posted here regarding trying to clear up a student loan using the VoD method, but no real concrete evidence.

That's because there isn't ay way to just "clear them up" with a VOD.

You and maybe a few thousand others are looking for ways to get out from under them, but the rest of the millions who used them to get an education are still paying them off, and they and the government who guaranteed the loans don't want to let you skip your share of the load.

libertylane · #3 11-07-2006, 04:47 AM

First off, I would like to make it clear that all student loans are Unsecured debt. I believe most all the student loans in the U.S. of A. are government granted and while the government may grant the loan it is likely handled by a third party i.e. Citi Bank. As I was walking through town the other day I came across Washington Mutual and out of curiousity I went and talked to the loan shark within and he informed me that Washington Mutual no longer offers Unsecured loans. I found this very interesting because being that there is nothing to secure the debt they tend to be high risk loans. This was his reasoning. According to the Unsercured Debt Package offered by Law Research Group there is a solution to discharge Unsecured Debt, but does that also cover governent loans handled entirely by third party entities? Why not?

charlesa6 · #4 11-07-2006, 06:23 AM

libertylane, welcome to the suijuris forum.
In respond to your question: Yes, cover third party collection, however does'nt discharge the debt, because 3rd party collectors will give report back to the government that it's fail to collect so the debt still there.

RICKO · #5 11-07-2006, 09:37 AM

You hit the nail right on the head there charles. The discharge from the third party agency would only result in someone else coming after you!!! Now this is coming from a former bill collector myself. If we were unable to collect on an account we would turn the account over to the main company and they would only turn around and have someone else collect on the account. Of course when I found this and many other things out that were unethical in my eyes I resigned and went about my way.

Judge Roy Bean · #6 11-07-2006, 04:15 PM

Quote:

Originally Posted by libertylane

First off, I would like to make it clear that all student loans are Unsecured debt. I believe most all the student loans in the U.S. of A. are government granted and while the government may grant the loan it is likely handled by a third party i.e. Citi Bank.

You're confused. The loans are made by independent entities (lenders) and are guaranteed by the US Government in case the borrower doesn't pay.

Quote:

Originally Posted by libertylane

As I was walking through town the other day I came across Washington Mutual and out of curiousity I went and talked to the loan shark within and he informed me that Washington Mutual no longer offers Unsecured loans. I found this very interesting because being that there is nothing to secure the debt they tend to be high risk loans. This was his reasoning. According to the Unsercured Debt Package offered by Law Research Group there is a solution to discharge Unsecured Debt, but does that also cover governent loans handled entirely by third party entities? Why not?

Student loans are, in effect, "secured" by the US Government, not by real property or other personal assets.

libertylane · #7 11-09-2006, 01:12 PM

Quote:

Originally Posted by Judge Roy Bean

You're confused. The loans are made by independent entities (lenders) and are guaranteed by the US Government in case the borrower doesn't pay.

Student loans are, in effect, "secured" by the US Government, not by real property or other personal assets.

Well thank you JRB for clearing that up. Like most loans they are "secured" by the furure fruits of our labor. Since the government holds the bonds (birth certificate) for students who most likely have no credit to acquire unsecured debt otherwise the government secures it for the banksters. This is an ingenious way to introduce students to the amazing world of commerce in which they will soon be entrenched with little hope in recovering. Thanks again JRB

manros · #8 11-09-2006, 02:13 PM

Dear JRB,

I just would lilke to know where is that student loan money coming from. Is it coming from the gov. itself? Is the gov. risking its own money when it "loans" it to the students?

Just curious about it.

UOTE=libertylane]Well thank you JRB for clearing that up. Like most loans they are "secured" by the furure fruits of our labor. Since the government holds the bonds (birth certificate) for students who most likely have no credit to acquire unsecured debt otherwise the government secure it for the companies. This is an ingenious way to introduce students to the amazing world of commerce in which they will soon be entrenched with little hope in recovering. Thanks again JRB[/quote]