I've been harassed for the past 5 years! They've taken my taxes for the past 3. I'm so sick of this! Finally I gave in to a rehab program....Not going well. They take $180 a month and still will take this years tax returns! Dept of Ed hasn't even applied last years returns to my $20,000 balance! I'm on unemployment now. It's gone from bad to worse! I need this! Gonna look into it. Thank u so much.
check out my video on student loans. i don't pay my loans because i don't have the money to do so...i need a job that gives me more than just a living wage. fix the economy before you ask for our loans back
I DO OT ADVISE ANYONE TO STOP PAYING THEIR LOANS THIS IS GOVERNMENT MONEY U THINK THE GOVERNMENT WOULD ALLOW U TO SIT BACK AND NOT RETURN THEIR MONEY.? Ha! Think again!
You can't just stop paying your loans they will default and u get a penalty! That's money owed to the government and it's almost impossible to sue these schools they have loopholes to get away with it
@CircuzGurl I'm not sure you looked at the video. What I'm saying is that even though it is government money that you owe (or money that you owe to your school), and you can't file for bankruptcy, the way of getting rid of the loan, if the facts warrant (and you should look into this yourself), is to sue the lender, guarantor and school for predatory lending, where the defts knew from job placement records, loan defaults, and borrowed amts you wouldn't be able to earn enough to repay the loan.
This is bad advice. The courts are to make a record and only hear or recognize legally cognizable theories of law. Going in under what you're suggesting will not force a bank to negotiate because the obligee (bank) will say that "the inability to pay because of financial hardship is not a defense to failure or refusal to perform the promised obligation, and the court will agree. A cognizable legal theory must be raised to survive a lawsuit. There's a way, just not like THIS.
@LoonyVision - Please look up "predatory lending" and see if this doesn't apply to lending money to a student to take a curriculum in which students for years have been unable to obtain jobs paying enough for loan repayment. Banks have been engaged in predatory lending to some homeowners for years, and have been doing the same as to some students for years. You need to find out placement data and loan default data.
@carlpers2 Trust me, I'm WELL aware of what predatory lending is. However, I'm also WELL aware of how this judicial system works. And THAT is NOT a VALID defense. Finding placement data and loan default data requires work that most people are unwilling to do. Even if they were, coming with THAT argument will be a LONG UPHILL battle.
Why not learn more about this financial system and then your options expand exponentially. Such as: Can an institution loan a promise to pay as money?
Good guys finish last in the US...don't be tied to angelic, honorific morals...or they will be used against you (especially when it comes to money). Read your history...the banks are the honest man's enemies almost always.
@saintgauden - I was the first person telling homeowners not to pay their mortgage - see my video # 2. I understood your point that good guys finish last in the US, except when they get their problem before a judge. In some, but not all, cases you have a good chance of winning. Your solution against banks is not to tell persons you can't do anything, but to explore your possibly only option of getting into court. Court is for those who are oppressed by the majority or people in power.
This is one of our economy's many problems. If you don't value education, don't get a loan for one. People who buy homes and cannot afford them get the home foreclosed upon. Yes there are terms and agreements that you sign when you enter into a mortgage agreement.
The acceptance of the idea that the general public should just sue someone if they're not happy, well that idea sickens me.
You SHOULDN'T be happy, you OWE money!!!! Pay your debts! Set an example for big business!!
@Catgirl356 The bigger problem is it's easier said than done. A lot of companies don't want to negotiate with borrowers. There are some students that have to pay 1,000+ a month and it does happen a lot with private lenders. So how is someone who can't find a good job (by no fault of their own) supposed to pay this massive amount? So they shouldn't have spent 100k on school. Sure, that was bad. But they can't even escape a bad choice through bankruptcy like with credit cards and other loans.
@gev2323 - A lawsuit is the great equalizer. Banks laugh at homeowners' efforts to obtain relief through a loan modification agreement, but when the banks are facing the homeowner in a foreclosure, quiet title or wrongful foreclosure action, they often change their tune, because their is an intermediate (i.e., the judge) who can require the bank to act legally. Once again, don't try to sort out your legal issues without the help of an attorney. It could be a big mistake on your part.
Not exactly. You get a mortgage at an inflated price ( the housing bubble) and then prices drop so your home is worth much less than you paid for it. You lose your equity and with the economy you might either lose your job or have a pay reduction. Now what? Eat it. Big business btw, file for bankruptcy all the time.
@888hoosier - The law has special rules for homeowners with mortgages. Banks are required to negotiate in good faith to try to offer a workout or loan modification agreement to avoid foreclosure. The bank is not required to give such agreement, but is required to negotiate in good faith. Some homeowners won't qualify for a reduced agreement, and others will. Courts are where you can obtain your rights because the banks are generally not giving homeowners their rights unless they go to court.
@Catgirl356 - Not all educational offerings are the same. Some are good educational opportunities which are reasonably priced, and some may be bad educational offerings or education that way over-priced. You over simplify your thinking which when dealing with banks, wall street and student loans is a mistake. Take a look at their agreements. They aren't simple, and if you breach any of the terms they can take your house. You have to look to the law for help if you've been cheated. Get legal help
@hefland - "Occupy Student Loans" you are suggesting. Who knows what type of legislation this could force. If everyone stopped paying their mortgages, student loans and credit card debt, the banks (through the Federal Reserve they own) would issue $trillions more money to themselves to avoid bankrupting themselves and bringing down the worldwide financial system. But if only a few borrowers stopped paying and went to court for relief, they could get relief. Think about that!
Sallie Mae is SCUM! STAY AWAY! They can garnish your wages, YOU CAN'T get out of these loans, not even in Bankruptcy! They own you and can get away with murder! PIGS! PIGS! PIGS! If you do not repay them before you die, they can garnish your estate! How can you sleep at night when American students are trying to better themselves? SHAME ON YOU SALLIE MAE!! please also google screw sallie mae, you will find a site dedicated to them! WAKE UP AMERICA private student loans SCAM!
Administrative Wage Garnishment without oversight and discriminatory hearings rulings that are unfounded in statute, will in essence create usurious indentured servitude. Carl some of us want to pay it back... but default status actually takes fundamental rights away, as 50+ percent of your income is going straight to the Federal government. I'll state this again, Original AWG 30k in 2008. To date I have paid 25K through AWG (3 years) I still owe 49K! Sent an email. A lawyer who gets it?
@Moveontonumber2 Because you probably don't qualify for the very limited bkcy relief available as to student loans, your prospects for relief are in bringing a lawsuit, setting forth the facts about how you can't repay the loan and have no assets which could be taken through a judgment (if true) and that your earnings (if true) are woefully insufficient to pay and COUPLE THAT with allegations (if true) of predatory lending practices and for punitive damages. You may get a reasonable settlement.
Yeah I hear you...you're an honest person...but you will pay it until the shit hits the fan!!!! no doubt about that, then you will finally know what's important: your ass : )
@videolover61 I agree with videolover61. clarkewi's "honesty" is what the crooks depend on. He should look around and defend himself before he turns over his life to the banks. There's no need for him to do this. Banks dishonor mortgage agreements every day (about 10,000,000 times each day), by unlawfully refusing to grant loan modification agreements in spite of their duty to negotiate fairly and in good faith. It's time for clarkewi to "know what's important" as you say.
Thanks Carl...Your videos were the catalist for me to free my mind and to "capitalize" on the banks. clarkewi needs to make the hard choices instead of going the "status quo" way. Sometimes it just doesn't pay...
@clarkewi You may have obligations to pay rent, support a family, pay taxes, obey the law, and do a lot of things. If you don't have the financial capacity to handle all that you have committed to, the U.S. Constitution provided relief in bankruptcy. However, in exchange for bank campaign contributions, this right was taken away from you. I'm showing you how you can use other laws and processes to end your nightmare, lawfully. Banks can sue you & vice versa. Don't be an economic slave to banks.
@carlpers2 I agree. The banks made a very bad professional business decision to loan unemployed teenagers/early 20-somethings tens of thousands of dollars. Our govt should not back up these loans; banks are filled with seasoned pros...you shouldn't reward bad decisions in business! Young adults should not be enabled to make poor, life-long mistakes; unless they have jobs and the money to make them independently.
@clarkewi dude, we are nyshec refugees from 1985. the pain, the hell, the illegal harrassment all from a 6 month period of unemployment, defaulting, 10+ yrs of tax refunds taken, 1998 or so random lawyer calls and scaring the crap out of me.
long story short 2001 we were talked into 'consolidating' with direct loans...we only signed when we were told that we could negotiate the excessive fees and fines and 8% interest after we signed on.
current loan amount $66,000 original $16,000 at 8.25%
@clarkewi - I'm not advocating that people with financial capability find fault with their agreements. I'm saying that people who are down on their luck do have the option of looking into the legality of their contracts and doing some push-back of their own. Nobody is faultless and the banks especially have been engaged in predatory lending practices, and with school loans have been doing the same. You just have to understand what they did. Look into job placement and loan default statistics.
I've been harassed for the past 5 years! They've taken my taxes for the past 3. I'm so sick of this! Finally I gave in to a rehab program....Not going well. They take $180 a month and still will take this years tax returns! Dept of Ed hasn't even applied last years returns to my $20,000 balance! I'm on unemployment now. It's gone from bad to worse! I need this! Gonna look into it. Thank u so much.
skyaguilar 2 days ago
check out my video on student loans. i don't pay my loans because i don't have the money to do so...i need a job that gives me more than just a living wage. fix the economy before you ask for our loans back
dmyst9 2 days ago
better to talk and not seem as you are reading, for this video.
cooksecurities 1 week ago
I DO OT ADVISE ANYONE TO STOP PAYING THEIR LOANS THIS IS GOVERNMENT MONEY U THINK THE GOVERNMENT WOULD ALLOW U TO SIT BACK AND NOT RETURN THEIR MONEY.? Ha! Think again!
CircuzGurl 1 month ago
You can't just stop paying your loans they will default and u get a penalty! That's money owed to the government and it's almost impossible to sue these schools they have loopholes to get away with it
CircuzGurl 1 month ago
You can't stop paying student loans it's government money u owe!
CircuzGurl 1 month ago
@CircuzGurl I'm not sure you looked at the video. What I'm saying is that even though it is government money that you owe (or money that you owe to your school), and you can't file for bankruptcy, the way of getting rid of the loan, if the facts warrant (and you should look into this yourself), is to sue the lender, guarantor and school for predatory lending, where the defts knew from job placement records, loan defaults, and borrowed amts you wouldn't be able to earn enough to repay the loan.
carlpers2 1 month ago
Carl, please give me the cases you have won or know that were won based on the information you are presenting in your video.
888hoosier 2 months ago
@888hoosier - please call to discuss - 212-307-4444.
carlpers2 1 month ago
This is bad advice. The courts are to make a record and only hear or recognize legally cognizable theories of law. Going in under what you're suggesting will not force a bank to negotiate because the obligee (bank) will say that "the inability to pay because of financial hardship is not a defense to failure or refusal to perform the promised obligation, and the court will agree. A cognizable legal theory must be raised to survive a lawsuit. There's a way, just not like THIS.
LoonyVision 2 months ago
@LoonyVision - Please look up "predatory lending" and see if this doesn't apply to lending money to a student to take a curriculum in which students for years have been unable to obtain jobs paying enough for loan repayment. Banks have been engaged in predatory lending to some homeowners for years, and have been doing the same as to some students for years. You need to find out placement data and loan default data.
carlpers2 1 month ago
@carlpers2 Trust me, I'm WELL aware of what predatory lending is. However, I'm also WELL aware of how this judicial system works. And THAT is NOT a VALID defense. Finding placement data and loan default data requires work that most people are unwilling to do. Even if they were, coming with THAT argument will be a LONG UPHILL battle.
Why not learn more about this financial system and then your options expand exponentially. Such as: Can an institution loan a promise to pay as money?
LoonyVision 1 month ago
Good guys finish last in the US...don't be tied to angelic, honorific morals...or they will be used against you (especially when it comes to money). Read your history...the banks are the honest man's enemies almost always.
saintgauden 4 months ago
@saintgauden - I was the first person telling homeowners not to pay their mortgage - see my video # 2. I understood your point that good guys finish last in the US, except when they get their problem before a judge. In some, but not all, cases you have a good chance of winning. Your solution against banks is not to tell persons you can't do anything, but to explore your possibly only option of getting into court. Court is for those who are oppressed by the majority or people in power.
carlpers2 1 month ago
Comment removed
saintgauden 4 months ago
WTF?!?!?!
This is one of our economy's many problems. If you don't value education, don't get a loan for one. People who buy homes and cannot afford them get the home foreclosed upon. Yes there are terms and agreements that you sign when you enter into a mortgage agreement.
The acceptance of the idea that the general public should just sue someone if they're not happy, well that idea sickens me.
You SHOULDN'T be happy, you OWE money!!!! Pay your debts! Set an example for big business!!
Catgirl356 5 months ago
@Catgirl356 The bigger problem is it's easier said than done. A lot of companies don't want to negotiate with borrowers. There are some students that have to pay 1,000+ a month and it does happen a lot with private lenders. So how is someone who can't find a good job (by no fault of their own) supposed to pay this massive amount? So they shouldn't have spent 100k on school. Sure, that was bad. But they can't even escape a bad choice through bankruptcy like with credit cards and other loans.
gev2323 5 months ago
@gev2323 - A lawsuit is the great equalizer. Banks laugh at homeowners' efforts to obtain relief through a loan modification agreement, but when the banks are facing the homeowner in a foreclosure, quiet title or wrongful foreclosure action, they often change their tune, because their is an intermediate (i.e., the judge) who can require the bank to act legally. Once again, don't try to sort out your legal issues without the help of an attorney. It could be a big mistake on your part.
carlpers2 1 month ago
Not exactly. You get a mortgage at an inflated price ( the housing bubble) and then prices drop so your home is worth much less than you paid for it. You lose your equity and with the economy you might either lose your job or have a pay reduction. Now what? Eat it. Big business btw, file for bankruptcy all the time.
888hoosier 2 months ago
@888hoosier - The law has special rules for homeowners with mortgages. Banks are required to negotiate in good faith to try to offer a workout or loan modification agreement to avoid foreclosure. The bank is not required to give such agreement, but is required to negotiate in good faith. Some homeowners won't qualify for a reduced agreement, and others will. Courts are where you can obtain your rights because the banks are generally not giving homeowners their rights unless they go to court.
carlpers2 1 month ago
@Catgirl356 - Not all educational offerings are the same. Some are good educational opportunities which are reasonably priced, and some may be bad educational offerings or education that way over-priced. You over simplify your thinking which when dealing with banks, wall street and student loans is a mistake. Take a look at their agreements. They aren't simple, and if you breach any of the terms they can take your house. You have to look to the law for help if you've been cheated. Get legal help
carlpers2 1 month ago
I wonder what would happen if everyone with student loans stopped paying all at once? That is a wet dream of mine.
hefland 6 months ago
@hefland I will stop... ;) just hoping other will also.
fatsmellymonkeyballs 4 months ago 4
@fatsmellymonkeyballs
I'm in. Can't anyways. Once I realized I couldn't and therefore wouldn't, I started to enjoy life more. Things seemed brighter again.
tuxu14 3 months ago
@fatsmellymonkeyballs Please look at my response to your earlier message.
carlpers2 1 month ago
@hefland - "Occupy Student Loans" you are suggesting. Who knows what type of legislation this could force. If everyone stopped paying their mortgages, student loans and credit card debt, the banks (through the Federal Reserve they own) would issue $trillions more money to themselves to avoid bankrupting themselves and bringing down the worldwide financial system. But if only a few borrowers stopped paying and went to court for relief, they could get relief. Think about that!
carlpers2 1 month ago
This has been flagged as spam show
Sallie Mae is SCUM! STAY AWAY! They can garnish your wages, YOU CAN'T get out of these loans, not even in Bankruptcy! They own you and can get away with murder! PIGS! PIGS! PIGS! If you do not repay them before you die, they can garnish your estate! How can you sleep at night when American students are trying to better themselves? SHAME ON YOU SALLIE MAE!! please also google screw sallie mae, you will find a site dedicated to them! WAKE UP AMERICA private student loans SCAM!
facelessstateofmind 6 months ago
Comment removed
rsalek 7 months ago
Carl HERE THEY COME!!! /watch?v=LMrvNmHbbbk
Moveontonumber2 8 months ago
Administrative Wage Garnishment without oversight and discriminatory hearings rulings that are unfounded in statute, will in essence create usurious indentured servitude. Carl some of us want to pay it back... but default status actually takes fundamental rights away, as 50+ percent of your income is going straight to the Federal government. I'll state this again, Original AWG 30k in 2008. To date I have paid 25K through AWG (3 years) I still owe 49K! Sent an email. A lawyer who gets it?
Moveontonumber2 9 months ago
@Moveontonumber2 Because you probably don't qualify for the very limited bkcy relief available as to student loans, your prospects for relief are in bringing a lawsuit, setting forth the facts about how you can't repay the loan and have no assets which could be taken through a judgment (if true) and that your earnings (if true) are woefully insufficient to pay and COUPLE THAT with allegations (if true) of predatory lending practices and for punitive damages. You may get a reasonable settlement.
carlpers2 1 month ago
@carlpers2 your site is down, thought you might want to know.
drewstarr71 4 days ago
A good concept. But as a matter of course, if I make an agreement, I feel obligated to honor it.
clarkewi 10 months ago
@clarkewi
Yeah I hear you...you're an honest person...but you will pay it until the shit hits the fan!!!! no doubt about that, then you will finally know what's important: your ass : )
videolover61 10 months ago 3
@videolover61 You've got a point. Let's pray that doesn't happen! LOL.
clarkewi 10 months ago
@clarkewi
I hear ya, but it's too late for wishful thinking...time to prepare! It's coming...it's coming...soon...
videolover61 10 months ago
@videolover61 I agree with videolover61. clarkewi's "honesty" is what the crooks depend on. He should look around and defend himself before he turns over his life to the banks. There's no need for him to do this. Banks dishonor mortgage agreements every day (about 10,000,000 times each day), by unlawfully refusing to grant loan modification agreements in spite of their duty to negotiate fairly and in good faith. It's time for clarkewi to "know what's important" as you say.
carlpers2 10 months ago 2
@carlpers2
Thanks Carl...Your videos were the catalist for me to free my mind and to "capitalize" on the banks. clarkewi needs to make the hard choices instead of going the "status quo" way. Sometimes it just doesn't pay...
videolover61 10 months ago
@clarkewi You may have obligations to pay rent, support a family, pay taxes, obey the law, and do a lot of things. If you don't have the financial capacity to handle all that you have committed to, the U.S. Constitution provided relief in bankruptcy. However, in exchange for bank campaign contributions, this right was taken away from you. I'm showing you how you can use other laws and processes to end your nightmare, lawfully. Banks can sue you & vice versa. Don't be an economic slave to banks.
carlpers2 10 months ago 2
This has been flagged as spam show
@carlpers2 I agree. The banks made a very bad professional business decision to loan unemployed teenagers/early 20-somethings tens of thousands of dollars. Our govt should not back up these loans; banks are filled with seasoned pros...you shouldn't reward bad decisions in business! Young adults should not be enabled to make poor, life-long mistakes; unless they have jobs and the money to make them independently.
saintgauden 4 months ago
@clarkewi dude, we are nyshec refugees from 1985. the pain, the hell, the illegal harrassment all from a 6 month period of unemployment, defaulting, 10+ yrs of tax refunds taken, 1998 or so random lawyer calls and scaring the crap out of me.
long story short 2001 we were talked into 'consolidating' with direct loans...we only signed when we were told that we could negotiate the excessive fees and fines and 8% interest after we signed on.
current loan amount $66,000 original $16,000 at 8.25%
dzyns 5 months ago
@clarkewi are you crazy...have you heard of 53%????
kblazkova2002 4 months ago
@clarkewi - I'm not advocating that people with financial capability find fault with their agreements. I'm saying that people who are down on their luck do have the option of looking into the legality of their contracts and doing some push-back of their own. Nobody is faultless and the banks especially have been engaged in predatory lending practices, and with school loans have been doing the same. You just have to understand what they did. Look into job placement and loan default statistics.
carlpers2 1 month ago