/biz/ - Business & Finance

>>56024563
I don't know. But I'm gonna find out here in a couple months.

>>56024563
Prison time

>>56024563
jail for the poors

SBF is in jail for not paying back his student loans

>>56024563
Credit destruction. But if you were smart and financed your car and house in the past few years your good to go. I sometimes wonder if that's where some of this spending spree we saw in the past three years was from anyway. People getting theirs while the getting's good.

>>56024563
https://studentaid.gov/help-center/answers/article/what-happens-if-i-do-not-pay-back-student-loan

>>56024563
Wage garnishments
>inb4 heh, I just won’t work

>>56024584
>>56024563
>>56024613
>>56024638

What will the lenders do if like 40% of borrowers have no plans to pay these back ontop of an already brewing credit crisis? The assumption normal procedure will follow could be wrong if everything truly gets out of hand like its looking though it might. The whole system could start to explode within less than a year. What then?

>>56024898
the "lenders" for most student loans is the government, so they will just garnish your wages and confiscate any tax returns until it's paid back

>>56024898
Well the IRS did just bolster there numbers so I think we all know what's coming. They'll all be debt slaves till the day they die.

>>56024590
Better bring a tactical team, faggots.

>>56024943
this, its insane so many people are retarded enough to think they will get away with not paying. Uncle Sam always wins you poor fags

>>56024943
tax return means you overpaid to begin with, so just dont

Make minimal payments. All of my loans are like 4% interest which is lower than the treasury rate.

>>56025300
If you're really poor get on this:

https://studentaid.gov/announcements-events/save-plan

Otherwise get on income based repayment. Pay as little as you can, it's not going anywhere. Use your cash for something better.

>>56024563
>Kylie replies "wooah thats coool" maintaining interest in Adam despite him being a gamer

Fuck man I wish girls were into me during adolescence. Every time I try to converse with a girl she always gives one word replies or the conversation abruptly ends. I'm still a virgin at 23 and have no female friends.

>>56025258
You won’t do shit. You’ll pay up like a good boy.

>>56025331
im 27 years old and ive never held hands with a woman

>>56024563
I'm sorry but that kid looks evil, like deepest darkest fuckin evil.

>>56025270
>Uncle Sam
Heh

>>56024563
If you have a license you got from a degree obtained with student loans (like a medical license), they can inactivate it so you can't practice. Which is ironic since then you essentially have no way to earn money to repay the loan. I guess their options are limited and they have to take what they can.

>>56025331
Should have been a pimp like Adam

>>56025314
And lastly, I don't know if it's too late but I applied for the Joe "Lyin" Biden Forgiveness Program, and even though it got struck down, I got a further forbearance to December. That gives you time to make targeted paydowns of any loan that's above market interest rate, without any Jew tricks about how excess payments are applied.

>>56024943
The government is precisely the one in that will be in the most trouble going into next year. This is once every eighty to a hundred years type stuff. You can't see that?

>>56024563
Just make less than $30k and you wont have to pay anything.

>>56025351
I have to pull my hands away cause I'm bored of holding hands and hugging my gf. It all gets boring everything

serious question. If you get a personal loan then pay off your student loan then file for bankruptcy. Win?
Thank the bank for defaulting on your student loan to the government which they cannot do.

>>56025331
>he didn't play Carl of Duty
>he isn't at level 15 the same day he gets the game
You were never meant to make it, anon

>>56024563
your goy score drops and (((they))) won't give you another loan or let your rent from them

>>56024563
Ask whoever claims to have "loaned" you "money" to provide a certified GAAP accounting statement that shows the source of the funds that were loaned to you, that the lender had these funds on hand for at least 90 days before you applied for the "loan", and that you received money.

That's a good starting point.

Then, consider reading the Federal Reserve Act which they probably never mentioned in school. You'll may discover truths like:

>Senate Document No. 43, 73rd Congress, 1st Session, stated, "Under the new law the money is issued to the banks in return for Government obligations, bills of exchange, drafts, notes, trade acceptances, and banker’s acceptances. The money will be worth 100 cents on the dollar, because it is backed by the credit of the nation. It will represent a mortgage on all the homes and other property of all the people in the Nation." (Which lawfully belongs to these private citizens.)

>The National Debt is defined as “mortgages on the wealth and income of the people of a country.” (Encyclopedia Britannica, 1959.) Their wealth, …. their income.

What does this mean? It means you are the creditor, and it means that whatever is being claimed that you owe is actually owed to you.

So what can you do?

After doing what I suggested initially, you can follow up with one or more of these:

- Tender Payment with a negotiable instrument (that you print out yourself) per UCC 3-603.

- Gather the original loan documents, copy them for your records, then write a letter "To Whom it May Concern" and explain that you are gifting the debt to the US Government for the purposes of reducing the national debt. This is authorized under 31 US Code § 3113.

God damn look at the fucking beak on that kid, by kid I mean my bird. Fucking jannies

>>56024563
IRS will audit you and take your tax refunds and seize your bank accounts if they find money there or transfers to your goybase or cucken accounts.

>>56025979
This sounds like some sovereign citizen shenanigans .

>>56025918
Mite B. Fraud.

>>56025366
this post was highly anti semitic

>>56024563
I’m in Canada and haven’t paid anything to my student loans in 8 years. They just send me letters asking me to pay.

>>56025270
Dude there's literally the SAVE plan where you pay zero interest and you don't pay it back and it's forgiven in 20 years. Just hold your bitcoin and work part time somewhere and stay at your mom's house and when it gets forgiven you'll be a multi-millionaire.

>>56026030
>This sounds like some sovereign citizen shenanigans .

You sound like a fucking idiot for saying that. Pay your bills, slave.

>>56026507
>you'll be a multi-millionaire.
Because of hyper inflation, not because of any of that random bullshit you typed up.

They will sell your debt to people who put your balls in a vice

>>56025331
probably because you're into some gay shit like anime instead of cool stuff like call of duty

>>56025737
The sad truth. Learn to love what you have, shit can always get worse.

>>56026507
>just be poor for 20 years and then you will be forgiven the loans

this is how desperate these losers with student loans are, they would give up the best years of their lives just so they don't have to pay a little loan, how funny

>>56024563
To think he's 30 and an investment banker now.

Hey wait a second why do I have to pay back my student loans, I thought Biden promised he would get rid of them?
Can the president do that, say he's going to do something and then not do it? Why would our elected politicians lie to us?

>>56024584
>>56024563
>>56024590
They garnish your wagies, if no wagies your taxes, if no taxes our bennies

You will it pay loanie or you will die poorer than dirt :)