I have been unemployed for several years, and I'm not able to pay off my loans. I heard you can get them written off.
214607
I don't know about getting them written off but you can ask for a forbearance b/c of financial hardship.  You will still have to pay them but at a future date set up by the student loan ppl. Contact them ASAP! Don't wait to long.  Once they are put into default there will be nothing you can do.  They will take your federal income taxes until the debt is paid in full and/or garnish any future job salaries.\n\nGood Luck!
311939
One of the previous respondents is absolutely correct. Almost any mortgage company offers a "hardship assistance" program, and they're actually anxious to work with IF a) your past payment history has been satisfactory and b) you are able to establish that your inability to pay is only temporary.\n\nIn actuality, many people can prevent foreclosures, credit score wreckage, and other financial disasters, just by contacting the lender and requesting forebearance and other hardship assistance. Most borrowers are afraid to let their lenders know about hardship, but the fact is that the last thing that your lender wants is for you to default on your loan. \n\nForeclosure is time-consuming, paperwork-intensive and expensive. Foreclosure buyers rarely pay anywhere near the actual market value of a home, so a lender who winds up with a portfolio of re-claimed real estate doesn't receive anywhere near the same kind of money from a foreclosure buyer as they stand to make from you, even if it takes you a little longer than the lender had hoped for you to pay your debt.\n\nTo keep it really simple - your lender doesn't want to foreclose on your house. They want you to pay the loan, because that's the outcome where they're going to have the least hassle, AND make the most money.\n\nIf you're having trouble making payments because of unemployment, reduction in income, illness or injury that prevents you from working, divorce, or other unexpected personal events that make it impossible for you to pay your mortgage loan, you absolutely must contact your lender, and ask to speak to someone about their hardship program.\n\nBe prepared to explain to the lender what you intend to do to restore your ability to make regular payments. If the lender can't envision how you're EVER going to be able to make the agreed-upon payments, you're no longer a good credit risk, and they're obligated to protect their investment by taking back their collateral assets. As long as you can convince them that you'll be able to resume payments within a reasonable period of time, I'm 99.99% positive that they will be quite supportive, and work with you to get your affairs back in order.\n\nGood luck to you!
57631
Actually any one can do it. If you owe a business money and you decide not to pay it most businesses instead of going to court will give it to a collection agency which intern sends you a nice letter and then if you dont pay it they put a nice spot on your credit.  Yes you know about any borrowing institututions who do it regually.  But through a collection agency almost anyone can.  If you see any you can dispute it though.
417569
The first thing you need to do is get a job. Once you have money coming in talk to your creditor and try to work out a repayment schedule. Don't ignore them. Once you make an agreement with them make sure you stick with it and pay more if you can. You may be able to work out a lower amount to pay them or a reduced interest rate, but make sure you get any agreement in writing. You have already damaged your credit, but it isn't anything which cannot be corrected. Unless you straighten this out you may find it difficult to find a better paying job when you graduate from college. Some companies will check your credit before making a decision to hire an applicant.
497627
Ive mentioned this before on one of these threads i used a company called Morrison Clarke (www.morrisonclarke.co.uk) and they offer various financial services. They helped me obtain a loan when i had hardly any income. I think they also offer Debt Management aswell. you can fill in a form on their website and they will give you a call back. Hope this sorts your problem out.
105818
Might be better off to look for a new job...... If you don't make much money at the job you got layed off from you won't make sqaut on unemployment.\n\nI almost think they pay that low just so you will go out and look for a job... I know it's hard to live on that much money... I have been down that road myself.
483004
You ask for a deference or forbearance. Most student loans are deferred till 6 months after graduation anyway, and if you haven't found a job by then, you just call up the owner of your loan and request an extension. Forbearance is sort of the same, but leans more toward the 'hardship' part of not being able to pay.\n\nSomething you should know though (and it's quite important) is that:\n\nEven if you defer or forebear, interest WILL continue to accrue (unless you have a Federal subsidized loan)... actually, I believe that even if you do have a Federal Subsidized Loan, interest continues to accrue AFTER the 1st deferment term expires.\n\nYou should also maybe look into a 'Sliding Scale Payment Plan", which allows you to make your payments according to what you're making/worth. For instance, if you have a part time job, your first year of payments will be REALLY low, and they increase with time.\n\nThe BEST way to go about this though, is to contact your lender, and find out what your options are. They're usually very helpful with such things.\n\nPS: If you have federal loans, you might want to look into consolidation AS WELL as deferment... Good luck.
44455
There are many loan companies that have the idea that since you just came out of bankruptcy you are a safe bet because you have no debt and can not file bandruptcy again for a long time.  Call around your area, or there is a good chance the furniture company has several lenders willing to help.  Ask them.  Good Luck.
415082
You need to go to http://www.loanconsolidation.ed.gov/\nYou can consolidate the loans you defaulted on, and after you do that you will be eligible for aid again.  You can even take out new student loans.  The process takes several weeks, so you need to get started asap.  I promise you this is the truth, I had to help a friend do the same thing.  Good luck!
171265
Yea there is stuff out there. I went to grad school, was in a similar situation. I applied, I was eligible for loans, but no grants.
263334
yes.  just agree to a settlement and make sure they understand that u are trying to clean up bad credit.  They will work with you because getting some of the money that you owe them is better than not getting any.
254692
Contact the trustee and find out if they will allow you to pay off your "plan" early.  \n\nYou don't want your BK dismissed, that will allow all of your creditors (including unsecured ones) to come after you.
207799
Yes it is legal since they have a contracted right to the money you owe them. It means that they will contact your employer and your employer will withhold part of your pay and remit it directly to the loan holder.  The amount varies based on state law but usually is is 25% of your pay.
424227
Depends... did you quit or were you fired? If you were fired and u didnt recieve your last paycheck you could take them to court, but if u quit your out of luck, other wise theres no other money that you can recieve
32657
What you should do is talk to them and explain your situation... Also I would look into going through a debt consolidator... That is what I do... and I was in your situation and now all I have left is less than a year and I am debt free!!!! I had to go to court for one of my bills... and when I did that the person said that they couldnt take money I didnt have, so they worked with me so I am paying a very low payment... SO your best solution is to talk to all of them... They may be able to help you out...
37577
File for bankruptcy instead. You'll end up paying a much smaller percentage of what you owe and then creditors constant calls will be on hold. While your looking for a job try to get a temp job. You'll have money in your pocket, new references, and an inside chance at jobs that open up at the place you are temporairly working. Good luck.
296049
You are pretty much out of luck since it is a garnishment; that is a last-resort method to get you to pay a debt of some sort.  The garnishment will not removed until the debt is repaid.  You might call a credit counseling service or a bankruptcy attorney (consultation is usually free) and ask if it is possible to have the amount garnished from your paycheck each pay period reduced, although that means you will be paying off the debt for a longer period of time.  You might also get a second job - if you do yardwork, babysitting, etc. you would be paid in cash....not that anyone would EVER suggest you not report that income, of course...