What happens if you just refuse to pay your student loan debt?
I have $50k in debt, that for some reasons, I don't want to pay.
I was told by the Navient phone rep that they have no power to take money out of my paycheck or bank account. So what can they do if I just never pay?
Student loans are government backed, and the government can do whatever they want. If it's a private one, they'll just destroy your credit score and make you incapable of getting loans (And some jobs) for the next 7 years.
>I have $50k in debt, that for some reasons, I don't want to pay.
fucking assholes that steal money god damn.
nothing will happen. They will keep bothering you and try to get you to just pay the interest.
Honestly, its your civic duty to fuck the government as hard as legally possible. Its the only way things will get fixed. Good for you.
Hnnnnng
when you default on debt you don't fuck the bank or the government you retard.
you fuck other people that take out a loan.
the banks never lose any money. they just collect it from whomever they can.
fucking filthy nigger scum can't seem to comprehend this.
because off fucks like you i have to pay more interest if i want a loan.
Why would the bad credit only affect him for 7 years? The company will continously report "missed payment" indefinitely his credit will be fucked for life if he ignores his debt, no?
I am noticing more and more banks don't care about Student Loans.
Fuck off kike
> i have to pay more interest if i want a loan.
no, you dont have to pay anything at all. You took the governments/banks problem and made it your problem. thats your decision.