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I don't know the full extent of the penalties and interest, but this information wasn't anywhere in the management dashboard, nor did it ever show up in the many credit checks I've had since then, including a business loan I received.

I'm not sure what happened, but my credit union somehow just found out about it and sent me a notification about it. They don't know anything other than there is some loan, and it's 3-4 years in default.

WTF? HTF? I could have paid this crap years ago had I known about it....

Does anyone here know anything about making it not worth it for these companies to try and collect on things like this? I'm guessing the late fees/interest are out of this world, and I do not want to pay for that shit.

I don't know the full extent of the penalties and interest, but this information wasn't anywhere in the management dashboard, nor did it ever show up in the many credit checks I've had since then, including a business loan I received. I'm not sure what happened, but my credit union somehow just found out about it and sent me a notification about it. They don't know anything other than there is some loan, and it's 3-4 years in default. WTF? HTF? I could have paid this crap years ago had I known about it.... Does anyone here know anything about making it not worth it for these companies to try and collect on things like this? I'm guessing the late fees/interest are out of this world, and I do not want to pay for that shit.

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[–] • 0 pt

Just pay it.

I've tried. Had the same basic situation. Was in default, unknowingly, for 8 years. They wouldn't even listen. They just say pay it, or they'll garnish your wages. The longer you fight the more interest, penalties and collection costs.

The collection costs get paid before the first dime goes to principal, interest, and penalties. People don't understand that massive debt slavery involved when they default you.

[–] • 2 pts

THis is fucking fucked up

[–] • 0 pt

It's not, keep track of your debts, terms are stated when you sign.

[–] • 1 pt

read my other comment retard. you keep grinding up against this and you're still wrong