while you mentioned the issues of bankruptcy, you did not mention the fact that the loan comapies are allowed carte blanche in regards to predatory lending and that the governmnet has allowed them to do this to consumers with out any recourse.......... student loans are the only loans in this country in which all consumer rights have been removed. the government must re-instate consumer rights in this respect, and penalize the banks and lenders who are harassing consumers. some to the point of taking their own lives........... all the people in particular who have had bankruptcies and had loans outstanding in particular for ten years or more.... obviously can't pay them back- no matter how much they may have intended upon doing so.......instead of beiing releaesd....they are kept on the system whilst the loan interest goes up and up every passing year to a point that is absolutely ludicrous-the government has given these institutions the right to garnish wages,up to 90% to take tax return money,to take in fact 25% of a persons social security money........even if you have to go into bankruptcy- your student loan is the only thing that is not forgiven....and IT SHOULD BE! where does it stop here in this country that the consumer no longer can have deserved protection......isn't that unconstitutional???? because of what the government has alllowed these lending institutions to do- we are all the walking dead.......
Posted on August 13 at 5:55 p.m.
while you mentioned the issues of bankruptcy, you did not mention the fact that the loan comapies are allowed carte blanche in regards to predatory lending and that the governmnet has allowed them to do this to consumers with out any recourse..........
student loans are the only loans in this country in which all consumer rights have been removed.
the government must re-instate consumer rights in this respect, and penalize the banks and lenders who are harassing consumers. some to the point of taking their own lives...........
all the people in particular who have had bankruptcies and had loans outstanding in particular for ten years or more....
obviously can't pay them back- no matter how much they may have intended upon doing so.......instead of beiing releaesd....they are kept on the system whilst the loan interest goes up and up every passing year to a point
that is absolutely ludicrous-the government has given these institutions the right to garnish wages,up to 90%
to take tax return money,to take in fact 25% of a persons social security money........even if you have to go into bankruptcy- your student loan is the only thing that is not forgiven....and IT SHOULD BE!
where does it stop here in this country that the consumer no longer can have deserved protection......isn't that unconstitutional????
because of what the government has alllowed these lending institutions to do- we are all the walking dead.......