I need $76,000USD immediately*
- Thread starter Prinnctopher's Belt
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How could you be in so much debt? Even a foreclosure would have happened long before you were so far behind.
You obviously cannot pay. Forget the financial advisor. You need to speak with a bankruptcy attorney. Believe it or not bankruptcy can protect you from losing your major assets, like your house or car. People do survive it and put their lives back together.
And this is in the U.S. I don't know where you live. Other nations probably have even more favorable laws for the vulnerable individual. Here we tend to screw poor people as much as possible.
If this is an illegal gambling debt thing, if people are threatening to hurt you, you may qualify for police protection or the federal witness protection program if you tell authorities what is going on and promise to help them bust the bad guys.
But really we can't help you without more information.
You obviously cannot pay. Forget the financial advisor. You need to speak with a bankruptcy attorney. Believe it or not bankruptcy can protect you from losing your major assets, like your house or car. People do survive it and put their lives back together.
And this is in the U.S. I don't know where you live. Other nations probably have even more favorable laws for the vulnerable individual. Here we tend to screw poor people as much as possible.
If this is an illegal gambling debt thing, if people are threatening to hurt you, you may qualify for police protection or the federal witness protection program if you tell authorities what is going on and promise to help them bust the bad guys.
But really we can't help you without more information.
Sorry to be so harsh but, I NEED LOTS OF MONEY TOO....my home is almost in foreclosure, car is almost up for repo, I have student loans out the ass, my truck needs fixing, I have back child support, behind on all bills and just pawned our wedding rings so we can have food and pay bills.....you are so not alone. To ask strangers for that much money takes a lot of balls. Out of line if you ask me. I need about $325,000.00 or my life will fall apart but you dont see me here asking for money. And I wont. My bills are my problem. You said personal student loan???? From who, Al Capone?
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Bankruptcy sounds like the best option, this came up first on google:
http://www.studentloanborrowerassistance.org/bankruptcy/
"Courts use different tests to evaluate whether a particular borrower has shown an undue hardship. A common test is the Brunner test which requires a showing that 1) the debtor cannot maintain, based on current income and expenses, a “minimal” standard of living for the debtor and the debtor’s dependents if forced to repay the student loans; 2) additional circumstances exist indicating that this state of affairs is likely to persist for a significant portion of the repayment period of the student loans; and 3) the debtor has made good faith efforts to repay the loans. (Brunner v. New York State Higher Educ. Servs. Corp., 831 F. 2d 395 (2d Cir. 1987). Not all courts use this test. Some courts will be more flexible, some less.
If you can successfully prove undue hardship, your student loan will be completely canceled. Filing for bankruptcy also automatically protects you from collection actions on all of your debts, at least until the bankruptcy case is resolved or until the creditor gets permission from the court to start collecting again."
http://www.studentloanborrowerassistance.org/bankruptcy/
"Courts use different tests to evaluate whether a particular borrower has shown an undue hardship. A common test is the Brunner test which requires a showing that 1) the debtor cannot maintain, based on current income and expenses, a “minimal” standard of living for the debtor and the debtor’s dependents if forced to repay the student loans; 2) additional circumstances exist indicating that this state of affairs is likely to persist for a significant portion of the repayment period of the student loans; and 3) the debtor has made good faith efforts to repay the loans. (Brunner v. New York State Higher Educ. Servs. Corp., 831 F. 2d 395 (2d Cir. 1987). Not all courts use this test. Some courts will be more flexible, some less.
If you can successfully prove undue hardship, your student loan will be completely canceled. Filing for bankruptcy also automatically protects you from collection actions on all of your debts, at least until the bankruptcy case is resolved or until the creditor gets permission from the court to start collecting again."
I don't think she was asking for someone to give her the money as much as just stating that is what she needs to pay off her debt.
On a side note it amazes me that the government allows kids straight out of highschool to incur this much debt with no way to pay it off(at least with something like a home mortgage you have to prove you are making a certain amount of money to be approved for the loan)... all on the hopes you will achieve a good paying job with your degree...
On a side note it amazes me that the government allows kids straight out of highschool to incur this much debt with no way to pay it off(at least with something like a home mortgage you have to prove you are making a certain amount of money to be approved for the loan)... all on the hopes you will achieve a good paying job with your degree...
Good point. The OP did not ask for the money but since they stated that they already had $50,000.00 and needed $75,000.00 more, I assumed that it was a request for money. If the OP was not asking for money, I apologize. On the other hand, if they were asking.......whole nother story....to acrue that much in a student loan, must be a good career....I am in the medical field and my student loans were not that much and I am still paying them off.......the worst that could happen is they garnish wages....why such a desperate post?
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