The Motley Fool Discussion Boards

Previous Page

Personal Finances / Living Below Your Means


Subject:  Re: Don't do this.... Date:  2/25/2014  10:21 PM
Author:  Windowseat Number:  880460 of 902743

I think they like defaults...but not discharges.

Well sure. Defaults they can sell to a collection agency that can try to browbeat someone into paying, or take them to court and sue, and use all sorts of other tactics. And since there's no time limit on student loans, you can't just sit tight and wait for seven years to pass.

Discharges are just a loss of money to the lender.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us