We all know, or should know, that if you don't pay your student loans there are great repercussions. Your credit report and score is so messed up you can kiss any chance of having good credit goodbye for years to come. But, did you know that if you don't pay your student loans you can also miss out on your social security benefits?
Check out the website:
www.sandiegobusinesslawfirm.com/student_loan_default
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It's kind of scary that if your are in such financial desperation to claim bankruptcy you can be free from debt except your student loans. You have to die to rid of them. In some cases if you die that doesn't get rid of them...I agree it needs to be paid back, but I think it should be done another way. Social Security is for when you need it most, not to pay for yur old bills!
ReplyDeleteWhile I agree that you should pay back your students loans, taking someone's SS check is not the way to do it. It seems that the Supreme Court's reading of the Social Security Act is a gross misrepresentation of how the law was intended.
ReplyDelete-Defintely need another way to go about this i find it ridiculous to take ones Social Security checks
ReplyDeleteAlthough I do not agree with taking a SS check what other ways are there to make sure that someone pays back the loans. Are there any other suggestions that can be made as to where the money comes from?
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