sambabchip1 Posted August 3, 2006 Report Share Posted August 3, 2006 hi, i have a question, my wife has a student loan at least 30 yrs, old.can the gov't still come after her.we have been contacted by a ca that has this, Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted August 3, 2006 Report Share Posted August 3, 2006 If it's a federally guaranteed student loan(s) I don't believe there is any SOL at all; meaning they can come after her forever.Furthermore, they can garnish wages, withhold tax refunds and do other nasty stuff withtout going to court...they just do it.If they are attempting to collect I would not ignore it. Link to comment Share on other sites More sharing options...
sambabchip1 Posted August 3, 2006 Author Report Share Posted August 3, 2006 im not going to not respone but come on at leaset 35 years old. 35??i was 10 yrs old when she took this out, and they want me to pay.get this ,it was for beauty school that she never finish. + she cant even cut the dogs hair.i told the ca this morning that her ex husband was responceable for all debts accourding to DV PAPERS. Ill send them after him for a while, untill they find out he's dead.thxsam Link to comment Share on other sites More sharing options...
divemedic Posted August 3, 2006 Report Share Posted August 3, 2006 Another miscnception- the divorce judge cannot change the terms of a loan- if the contract has your wife's name on them, she still owes the money.I really wish judges would stop telling people in a dovorce that their spouse gets the marital debts- Link to comment Share on other sites More sharing options...
Ahntara Posted August 3, 2006 Report Share Posted August 3, 2006 All over the FCRA is language which indicates that it can be superceded by other laws. The Higher Education Act is one of those overriding laws. 35 years ago was prime time for student to borrow and default. The late 1980's found millions of consumers in high-paying professions who had amassed a fortune in student loan debt. A Doctor friend told me it was SOP to file bankruptcy after graduation so that you could start your career without a 6-figure debt.So, the government put their foot down and set federally guaranteed student loans in a special category unto themselves. They later added child support (through other laws) and unpaid tax liens. Student loans have no expiration, can be reported indefinitely, have no SOR, or SOL and can be collected perpetually.As far as her ex-husband, ditto what divemedic said... Link to comment Share on other sites More sharing options...
sambabchip1 Posted August 3, 2006 Author Report Share Posted August 3, 2006 Are the ca an oc held to supply the orginal contract, if we DV them ?i dont think they will have the contract, . i will most likly pay it but if they are held to produce the thing i dont think thats possible, i think the orginal debt is like 400. butr with intrest it 1600. do you thik they settle for the 400thxsam Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted August 4, 2006 Report Share Posted August 4, 2006 I don't think you understand...You can DV all you want but if it's a Federally guaranteed studen loan then they can pull the trigger and take wages and do lot's of other nasty things to make life miserable without producing squat and without going to court.The only way out of Federal student loan debt it to pay it, die or become totally disabled and on SSI disibility. Link to comment Share on other sites More sharing options...
sambabchip1 Posted August 4, 2006 Author Report Share Posted August 4, 2006 well i called the peolple who have this loan, and to my suprise they have it in the computer for 33 yr, i explained the situation and she tolh me to have my wife fill out a discharge paper to see if this can be done,maybe she wont be held to this because she never completed it .thxsam Link to comment Share on other sites More sharing options...
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