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Getbig Main Boards => General Topics => Topic started by: Marty Champions on November 30, 2012, 05:32:21 AM
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from his mother "I am 61 years old and I have been trying to work to make Jermaine's loan payments…but I simply don't have the money," Edwards wrote. "To make matters worse, Jermaine left behind a young son whose mother doesn't have many resources. Therefore, she relies on me to help support Jermaine's son."
(http://l.yimg.com/bt/api/res/1.2/TKQuSsgHCMgmottZT9M_9Q--/YXBwaWQ9eW5ld3M7Y2g9MzYwO2NyPTE7Y3c9NjQwO2R4PTA7ZHk9MDtmaT11bGNyb3A7aD0zNTU7cT04NTt3PTYzMA--/http://media.zenfs.com/en_us/gma/Reuters/ht_ella_edwards_petition_nt_121128_wmain.jpg)
look at this big guy he couldve been a shen reh with those looks
http://gma.yahoo.com/blogs/abc-blogs/mom-wants-dead-sons-loans-forgiven-110019277--abc-news-savings-and-investment.html
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That's a shitty story, but by cosigning on his loans, she took full responsibilty if he stopped paying. Sucks for her. Maybe she can write Bohama and try to get some debt forgiveness. :D
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That's a shitty story, but by cosigning on his loans, she took full responsibilty if he stopped paying. Sucks for her. Maybe she can write Bohama and try to get some debt forgiveness. :D
Fuck you sociopath, your acting as if this were for shinny rims. This was for his education.
Your genetically unfit to have an opinion.
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Everybody wanna loan but don't nobody wanna pay it back.
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Everybody wanna loan but don't nobody wanna pay it back.
Tell me about. I've got 30,000 in school debt but I pay every month.
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Tell me about. I've got 30,000 in school debt but I pay every month.
You ain't dead you stupid fuck.
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When someone dies loans should be erased, I know lenders dont want to hear that.
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You ain't dead you stupid fuck.
I know. I wouldn't have to pay it back if I were. Lucky stiff.
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When someone dies loans should be erased, I know lenders dont want to hear that.
I think it depends on the loan type, if this were something that could be exploited like a swimming pool or something, that would be nonsense. But this is what should be basically be considered a necessity.
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Here's the thing, she's only on the hook for ten grand which means her monthly payment is probably very low. I owe three times as much and my payments are manageable. I also have children and all the other expenditures that come with being married and having a family. I feel for her and the loan company should probably work with her but truthfully the payments probably aren't killing her.
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Here's the thing, she's only on the hook for ten grand which means her monthly payment is probably very low. I owe three times as much and my payments are manageable. I also have children and all the other expenditures that come with being married and having a family. I feel for her and the loan company should probably work with her but truthfully the payments probably aren't killing her.
She's 61, you can try to justify a bad thing all you want, it just prooves you have a weak mind.
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The article says he had three loans for his 'music production' degree. The two federal government loans were forgiven but the private 10 grand loan has not been and they want the money back. I think she has done well to get the government loans wiped out. Usually they are the first fuckers to take a big bite out of someone's estate when they die.
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She's 61.
Understandable. What should we do if she tries to secure a car loan or credit card? If she can't pay back this loan should she be allowed further credit? Stop with the insults. You are after all the guy with the mental illness who wants to sponge off disability.
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Understandable. What should we do if she tries to secure a car loan or credit card? If she can't pay back this loan should she be allowed further credit?
Deny here obviously, this isn't either of those things.
Credit cards, and car loans are predatory by nature, and are far from a necessity.
This is for schooling a different story altogether.
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Deny here obviously, this isn't either of those things.
Credit cards, and car loans are predatory by nature, and are far from a necessity.
This is for schooling a different story altogether.
No, if she has the ability to get further credit and pay that down she can pay back a loan she assumed responsibility for.
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No, if she has the ability to get further credit and pay that down she can pay back a loan she assumed responsibility for.
What the fuck are you talking about?
She had little to no choice in the matter, kid had the right to his own decisions.
Logically she was trapped, not allowing her son school, would have just as stupid as taking on the loan in the first place.
There was little choice in her decision, she did not use poor judgement she was just unlucky.
Allowing here to be destroyed like this is just sociopathic.
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What the fuck are you talking about?
She had little to no choice in the matter, kid had the right to his own decisions.
She cosigned for the loan and in doing so assumed responsibility in the event that her son was unable to repay the loan. It's cruel and unfair that he died but the fact remains she assumed responsibility for the loan.
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Fuck you sociopath, your acting as if this were for shinny rims. This was for his education.
Your genetically unfit to have an opinion.
Hahahahah, you're a funny boy. Let me try to explain how lending works in "simple" terms for you. The bank gave him and his mother $10,000. He gave the $10,000 to a school. He then died. The bank still wants their $10,000 plus interest. Why should the bank just give him and his mother the money for free?
Maybe when you've got a little more experience in the real world, you'll understand how it works. :-*
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She cosigned for the loan and in doing so assumed responsibility in the event that her son was unable to repay the loan. It's cruel and unfair that he died but the fact remains she assumed responsibility for the loan.
Logically she was trapped, not allowing her son school, would have just as stupid as taking on the loan in the first place.
There was little choice in her decision, she did not use poor judgement she was just unlucky.
Allowing here to be destroyed like this is just sociopathic.
Your refusing to acknowledge that this shouldn't be able to happen.
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It is a private loan. They don't care what the money is for-they lent him ten grand, his mom signed for it, he died, they want it back. They aren't a student loans company. He could have bought a car with the money for all they care.
I agree that morally it sucks but since when are money-lenders the moral compass of society?
When a loved one dies the debts live on and their estate gets transferred to their nearest and dearest. Cue the 'sorry for your loss.......BUT' letters.
Some of you have some real nasty surprises ahead...
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Hahahahah, you're a funny boy. Let me try to explain how lending works in "simple" terms for you. The bank gave him and his mother $10,000. He gave the $10,000 to a school. He then died. The bank still wants their $10,000 plus interest. Why should the bank just give him and his mother the money for free?
Maybe when you've got a little more experience in the real world, you'll understand how it works. :-*
Your an idiot, you can't think beyond your simplistic beliefs. I love how you use more experience in the real world. Lolz, like seriously if you had a fucking clue.
Your acting as if a rational person would somehow choose a better option. This was the best option she had, and it's truly sociopathic to think in her circumstances that she should not be expected to take on that debt.
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Logically she was trapped, not allowing her son school, would have just as stupid as taking on the loan in the first place.
There was little choice in her decision, she did not use poor judgement she was just unlucky.
Allowing here to be destroyed like this is just sociopathic.
Your refusing to acknowledge that this shouldn't be able to happen.
I said that the loan company should work with this women. However, people need to take responsibility for their actions. She is using her sons death in hopes that the sympathy she receives will pressure the bank to excuse the loan she willing cosigned for. The loan company isn't being malicious here, its just doing what a loan company does.
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It is a private loan. They don't care what the money is for-they lent him ten grand, his mom signed for it, he died, they want it back. They are aren't a student loans company. He could have bought a car with the money for all they care.
I agree that morally it sucks but since when are money-lenders the moral compass of society?
When a loved one dies the debts live on and their estate gets transferred to their nearest and dearest. Cut the 'sorry for your loss.......BUT' letters.
Some of you have some real nasty surprises ahead...
I'm aware of this.
But you say banks aren't the moral compass, obviously they are not.
We are, which means if you cannot come to the logical conclusion that this is a morally fucked, you are either indeed a sociopath, or just too childish to factor in the reality.
This type of thing shouldn't be legal.
But lets not have a discussion on anything approaching progressive politics here.
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what the kid die from ? gangbanging or too loud of music?
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This is not the best option she had. The best option would've been to advise her son that taking out loans on a "music production" degree would be a fucking disaster. You're a good troll. :D
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This is not the best option she had. The best option would've been to advise her son that taking out loans on a "music production" degree would be a fucking disaster. You're a good troll. :D
Should have bought him a used turn table for a hundred bucks and called it a day.
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This is not the best option she had. The best option would've been to advise her son that taking out loans on a "music production" degree would be a fucking disaster. You're a good troll. :D
That's his fucking choice, and if he were the one complaining about his loans I wouldn't give two shits.
But this was his decision, it shouldn't be put on the mother in this situation, it's just sociopathic.
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Should have bought him a used turn table for a hundred bucks and called it a day.
You can actually make quite a descent career as a musician. Your not gonna be making millions of dollars but you can teach, do lessons, and gig.
Irregardless someone's mother shouldn't be the one making the decisions on what the kid is studying.
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music production degree
(http://cdn.memegenerator.net/instances/400x/23047091.jpg)
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That's a shitty story, but by cosigning on his loans, she took full responsibilty if he stopped paying.
Co-signers are responsible
Life insurance can pay debts if they have it on loans
It's the way LIFE is
DEAL with it
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Should have bought him a used turn table for a hundred bucks and called it a day.
exactly he didnt need school couldve got a computer program, turn table, keyboard, drum set, some buckets and pans a tamborine for 400 dollars
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Co-signers are responsible
Life insurance can pay debts if they have it on loans
It's the way LIFE is
DEAL with it
Obviously that is what is, I'm saying we as the public shouldn't be okay with that, if one is being responsible citizen.
There's no logical reason why she should be on the hook.
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There's no logical reason why she should be on the hook.
There is a logical reason. She assumed responsibility for the loan as a cosigner.
exactly he didnt need school couldve got a computer program, turn table, keyboard, drum set, some buckets and pans a tamborine for 400 dollars
Beck did alright with two turntables and a microphone.
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There is a logical reason. She assumed responsibility for the loan as a cosigner.
THIS
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Obviously that is what is, I'm saying we as the public shouldn't be okay with that, if one is being responsible citizen.
There's no logical reason why she should be on the hook.
So you think the lender should just say, "Meh, you can keep the $10,000, we don't really need it."?
In the world of business, the lender is the victim in this case. They gave out $10,000, and nobody will pay it back. That's $10,000 out of their pockets. That's food off their table. Maybe the lender's kids won't have the opportunity to go to school now, because he is out of pocket $10,000. Maybe the lender should be petitioning DC to hold this woman responsible for the debt.
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There is a logical reason. She assumed responsibility for the loan as a cosigner.
Beck did alright with two turntables and a microphone.
I see two problems with this.
1) that the banks see this as just a loan, and not for student financing. If this were the case the banks are incompetent and should be put in their place.
2) that the laws shouldn't be different, you should not be taking on a loan for someone's education when they die.
This obviously shouldn't be the way things work. This should be an automatically nullification of liability.
If you were in her situation, you would act exactly the same, do you honestly believe you would feel any differently.
This refusal to acknowledge that you wouldn't believe the same is sociopathic, and illogical.
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The article says he had three loans for his 'music production' degree. The two federal government loans were forgiven but the private 10 grand loan has not been and they want the money back. I think she has done well to get the government loans wiped our. Usually they are the first fuckers to take a big bite out of someone's estate when they die.
Exactly. it's a tragedy her son died, but the government loans were forgiven, and she is now only on the hook for the private loan. It's the same if the kid dropped out of school, you still have to pay the loan back. Maybe her church can help her? These companies are out to make money, not give it away.
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So you think the lender should just say, "Meh, you can keep the $10,000, we don't really need it."?
In the world of business, the lender is the victim in this case. They gave out $10,000, and nobody will pay it back. That's $10,000 out of their pockets. That's food off their table. Maybe the lender's kids won't have the opportunity to go to school now, because he is out of pocket $10,000. Maybe the lender should be petitioning DC to hold this woman responsible for the debt.
But this is the risk the lender should be taking.
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But this is the risk the lender should be taking.
Or the risk she took by co-signing the loan?
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Exactly. it's a tragedy her son died, but the government loans were forgiven, and she is now only on the hook for the private loan. It's the same if the kid dropped out of school, you still have to pay the loan back. Maybe her church can help her? These companies are out to make money, not give it away.
These banks are out to follow the fucking rules government sets.
We the public should be dictating the laws of government.
This shouldn't be allowable, it's morally wrong.
Stop acting as if this is a regular loan it is not.
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I see two problems with this.
1) that the banks see this as just a loan, and not for student financing. If this were the case the banks are incompetent and should be put in their place.
You're delusional. A loan is loan. Period. There is no difference if it is for education, car, house, etc. Again, i'll try to make it simple for you. You ask the bank for money. The bank gives you the money, with the agreement that you WILL pay the money back with interest. This process is called lending. If the process is not complete, the lender will go out of business. If the lenders go out of business, then nobody can get a loan.
It's really simple once you understand the concept. :D
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Or the risk she took by co-signing the loan?
No it shouldn't in this situation.
There is no benefit to society.
It's bordering on slavery.
You fella are like sheep. If you were in her situation there is no way you would be saying what your saying.
This inability to empathize is sociopathic.
Your circular argument is that it is the way it is so this is they way it should be.
And are unable to recognize the benefit, of it being different.
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You're delusional. A loan is loan. Period. There is no difference if it is for education, car, house, etc. Again, i'll try to make it simple for you. You ask the bank for money. The bank gives you the money, with the agreement that you WILL pay the money back with interest. This process is called lending. If the process is not complete, the lender will go out of business. If the lenders go out of business, then nobody can get a loan.
It's really simple once you understand the concept. :D
So answer this my high IQ'd friend how do they set the rate of interest?, why do they require this person to have a cosigner?
If you had a coherent lending system in your country, lending would be dictated by need, or apparent ability to pay it back.
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No it shouldn't in this situation.
There is no benefit to society.
It's bordering on slavery.
You fella are like sheep. If you were in her situation there is no way you would be saying what your saying.
This inability to empathize is sociopathic.
Your circular argument is that it is the way it is so this is they way it should be.
And are unable to recognize the benefit, of it being different.
No one is saying the situation isn't tragic. Banks aren't people. Banks don't give a shit about her dead son. In the end, she made a deal with a bank and a bank exists to issue loans and make money off the interest. You assume the risk when you sign the loan papers. Sad but true.
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No one is saying the situation isn't tragic. Banks aren't people. Banks don't give a shit about her dead son. In the end, she made a deal with a bank and a bank exists to issue loans and make money off the interest. You assume the risk when you sign the loan papers. Sad but true.
So logically we the people who should step in.
We should condemn this on a not only a emotional level which is irrelevant but a logical level.
There is no valid reason why this should be the way it is.
This isn't a sign of some tragedy, but how predatory banks are, they should do their due diligence when making loan contracts. and there should be laws on this type of shit.
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So answer this my high IQ'd friend how do they set the rate of interest?, why do they require this person to have a cosigner?
If you had a coherent lending system in your country, lending would be dictated by need, or apparent ability to pay it back.
Interest rates are set by a number of variables: credit rating, length of loan, risk factor, current market, etc. They required this person to have a cosigner, because he is a high risk factor. He was 19 when he took out the loan, and he was getting a degree in "music production". IE, he probably had no, or low credit rating.
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Interest rates are set by a number of variables: credit rating, length of loan, risk factor, current market, etc. They required this person to have a cosigner, because he is a high risk factor. He was 19 when he took out the loan, and he was getting a degree in "music production". IE, he probably had no, or low credit rating.
So you totally admit that the banks were well aware of this being for schooling?
How is it that much of a logical extension to say she should not be liable for this, if her son is a victim of accidental death.
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So logically we the people who should step in.
We should condemn this on a not only a emotional level which is irrelevant but a logical level.
There is no valid reason why this should be the way it is.
This isn't a sign of some tragedy, but how predatory banks are, they should do their due diligence when making loan contracts. and there should be laws on this type of shit.
It's not predatory at all. Did the bank force them to take the loan? I'd be willing to bet that her and her boy were the ones who went to the bank and asked if they could borrow the money. Hell, I got a house and a few cars i'd put on that bet.
The bank was doing them a favor by providing them the loan. :-*
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I see what Ratard is saying. While the mom did cosign for the loan and it is her responsibility to pay it back, you would think in certain situations banks would allow for a little grey area. Things are not always so black-and-white in life. Sometimes ones moral compass could lead one to do what they would normally not do (in this case, the bank forgiving the loan). The problem is that banks have little to no morals regarding the livelihood of others. When dealing with banks its a lose-lose situation.
By law should she be required to pay it back because she cosigned and took responsibility? Yes.
However, should there be a little humanity left that allows ones moral compass make their decision? Yes.
The problem is that, to a great extent, morals are subjective. Some do not see anything moral about forgiving her loans, since she is responsible for them.
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So you totally admit that the banks were well aware of this being for schooling?
How is it that much of a logical extension to say she should not be liable for this, if her son is a victim of accidental death.
Absolutely they knew. When you go to a bank and ask for a loan, they ask you what the money is for. That is how a bank determines the interest rate. Also, like I tried to explain before, there is no forgiveness of a loan depending on what kind it is. A loan is a loan. The bank loans you the money with the expectation that you'll pay it back in full with interest. If the cycle is not complete, the lender will go out of business.
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I see what Ratard is saying. While the mom did cosign for the loan and it is her responsibility to pay it back, you would think in certain situations banks would allow for a little grey area. Things are not always so black-and-white in life. Sometimes ones moral compass could lead one to do what they would normally not do (in this case, the bank forgiving the loan). The problem is that banks have little to no morals regarding the livelihood of others. When dealing with banks its a lose-lose situation.
By law should she be required to pay it back because she cosigned and took responsibility? Yes.
However, should there be a little humanity left that allows ones moral compass make their decision? Yes.
The problem is that, to a great extent, morals are subjective. Some do not see anything moral about forgiving her loans, since she is responsible for them.
I hear you, totally. The thing is that banks are amoral and don't care about extenuating circumstances.. People need to realize what they are doing business with when they receive a bank loan.
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So logically we the people who should step in.
We should condemn this on a not only a emotional level which is irrelevant but a logical level.
There is no valid reason why this should be the way it is.
This isn't a sign of some tragedy, but how predatory banks are, they should do their due diligence when making loan contracts. and there should be laws on this type of shit.
And then what? You can't make exceptions for the rules, unless they are already stated in the loan documents. when my grandfather died, he had co-signed on a credit card for my dirtbag uncle. His estate had to take care of the credit card. should the loan just have died with him? No, it's business. It's tragic, but it's life.
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However, should there be a little humanity left that allows ones moral compass make their decision? Yes.
The problem is that, to a great extent, morals are subjective. Some do not see anything moral about forgiving her loans, since she is responsible for them.
I see it morally wrong for her to not pay back the loan. She is basically stealing from the lender. That's money out of the lenders pocket, and food off the lenders table.
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I see what Ratard is saying. While the mom did cosign for the loan and it is her responsibility to pay it back, you would think in certain situations banks would allow for a little grey area. Things are not always so black-and-white in life. Sometimes ones moral compass could lead one to do what they would normally not do (in this case, the bank forgiving the loan). The problem is that banks have little to no morals regarding the livelihood of others. When dealing with banks its a lose-lose situation.
By law should she be required to pay it back because she cosigned and took responsibility? Yes.
However, should there be a little humanity left that allows ones moral compass make their decision? Yes.
The problem is that, to a great extent, morals are subjective. Some do not see anything moral about forgiving her loans, since she is responsible for them.
This isn't just morals, it's about your self interest. If you were past the working age, and your son needed a cosign for a school loan, would not sign it.
Logically if your unable to assist your child, you would do what can be done.
If virtually everyone would do the same as only a sociopath or some sort of nut job would opt out in this situation, you would have to agree that this is fucked.
The fact is if this were a major business loan, the debtor would have a thousand loop holes that let them off the hook.
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I hear you, totally. The thing is that banks are amoral and don't care about extenuating circumstances.. People need to realize what they are doing business with when they receive a bank loan.
Exactly. I would hope there would be a little humanity left in the banking industry, but apparently there is not. Which is why if youre taking out a loan, you should know that come hell or high water, youre paying it back.
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I see it morally wrong for her to not pay back the loan. She is basically stealing from the lender. That's money out of the lenders pocket, and food of the lenders table.
I never said it wasnt morally wrong for her not to pay it back. Where did I say that? :-/
I said that in certain situations the bank may decide to forgive back a loan. IF not, then she she has no choice to pay it back. That does not mean that the bank cant take action and forgive her loans (IF THEY CHOOSE).
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what is the point and purpose of this thread?
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Considering he probably only used a fraction of that money to pay for classes and such and the fact that she co-signed she is reliable. Fuck justifying her situation. Sure it sucks but maybe she shouldn't have taken that much money out for a community college degree.
If it was just his loan then sure wipe that shit clean but she fucking signed for it. Game over have a nice day!!!!!
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I see it morally wrong for her to not pay back the loan. She is basically stealing from the lender. That's money out of the lenders pocket, and food off the lenders table.
Thats a stretch of an argument. Sure, I guess I can see what youre saying, but not paying back a 50K loan is not going to make the CEO of citibank poor. I do get where your argument is coming from, but probably would not stand up in an actual debate ;)
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And then what? You can't make exceptions for the rules, unless they are already stated in the loan documents. when my grandfather died, he had co-signed on a credit card for my dirtbag uncle. His estate had to take care of the credit card. should the loan just have died with him? No, it's business. It's tragic, but it's life.
Actually the governments role is too regulate banking so that extenuating circumstances, are not to be exploited. This being a democracy and all means that the system relies on public opinion to step in and change public policy.
So in fact we can make exception for extenuating circumstances and in fact should. By lobbying against this. Any loan that is for medical or educational purposes, should have very specific exceptions for extenuating circumstances.
It's down right logical, and in everyone's self interest.
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I never said it wasnt morally wrong for her not to pay it back. Where did I say that? :-/
I said that in certain situations the bank may decide to forgive back a loan. IF not, then she she has no choice to pay it back. That does not mean that the bank cant take action and forgive her loans (IF THEY CHOOSE).
I never said you said it was morally wrong. I said, I think it's morally wrong.
Why would a bank ever choose to forgive a loan?
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what is the point and purpose of this thread?
To expose how many liberals and socialists there are on getbig. :D
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Exactly. I would hope there would be a little humanity left in the banking industry, but apparently there is not. Which is why if youre taking out a loan, you should know that come hell or high water, youre paying it back.
I don't think anyone in this thread is suggesting that banks are all of a sudden gonna start doing the right thing.
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To expose how many liberals and socialists there are on getbig. :D
Lol whatever dude, your an idiot. This is hardly a socialist concept.
Your gonna always side against the publics interest, this doesn't make you a conservative, but an idiot who refuses to acknowledge the sociopathic nature of our society.
This is a textbook example of when there should be government intervention.
If we were socialistic we would be saying that they shouldn't even need loans in the first place no one is saying this.
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Thats a stretch of an argument. Sure, I guess I can see what youre saying, but not paying back a 50K loan is not going to make the CEO of citibank poor. I do get where your argument is coming from, but probably would not stand up in an actual debate ;)
Correct, it is a stretch. And yes, a $10,000 loan would not effect a large bank. However, if they starting forgiving everyones loans, the bank would soon be out of business. They have to have a blanket policy. Every loan will be paid back. No exceptions.
Also, we don't know what kind of lender this was. Maybe it was a small startup, "mom and pop" lender. In that case, yes, $10,000 might put them out of business, and on the streets.
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Anyone who is not financially, and emotionally, able to pay off a loan as cosigner should not cosign for a loan. Its just that simple.
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Correct, it is a stretch. And yes, a $10,000 loan would not effect a large bank. However, if they starting forgiving everyones loans, the bank would soon be out of business. They have to have a blanket policy. Every loan will be paid back. No exceptions.
This is where your brain is steering the argument to your own simplistic views of the world.
No one in this thread is saying forgiving everyone's loans. No one is saying that they shouldn't have loans for schooling. All we is saying is that extenuating circumstances, should apply to this situation, because the risk of everyone doing the same is quite low.
Your acting as if this were put in law that young people would be dieing of natural causes every single day, just to avoid paying the loans. Obviously they are not, so the hazard to the banks is quite low.
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Anyone who is not financially, and emotionally, able to pay off a loan as cosigner should not cosign for a loan. Its just that simple.
That is nonsense, it is not that simple at all, there is no rational reason why she should of factored in her son dying before she did. This answer to this situation is quite simple.
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Your gonna always side against the publics interest, this doesn't make you a conservative, but an idiot who refuses to acknowledge the sociopathic nature of our society.
Actually, I side with the publics interest. It is in the publics best interest that everyone pays their debts in full. That way, the lending system can continute to survive. If we started forcing banks to forgive loans, the banks would soon go out of business. If the banks went out of business, we would not be able to get loan. If we weren't able to get a loan, we would never be able to purchase our own house. Without a lending system, everyone would basically live paycheck to paycheck and never have anything their names.
Personally, I have always had great experiences with lenders. They loan me money, and I in turn pay it back in full with interest. This process has given me the ability to own my own home, and cars. Without the lending system, I would not be given these opportunities. I fully understand that the banks are doing me a huge favor by lending me money. They could easily tell me to fuck off.
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Actually, I side with the publics interest. It is in the publics best interest that everyone pays their debts in full. That way, the lending system can continute to survive. If we started forcing banks to forgive loans, the banks would soon go out of business.
No they would not go out of business you ignorant shit. People default on their fucking loans all the time.
I can assure you the amount lost due to 20 year old kids dieing with student debt is quite fucking low.
You don't understand the banking system, by your logic bankruptcy laws wouldn't exist. But they do so smarten the fuck up.
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This is where your brain is steering the argument to your own simplistic views of the world.
No one in this thread is saying forgiving everyone's loans. No one is saying that they shouldn't have loans for schooling. All we is saying is that extenuating circumstances, should apply to this situation, because the risk of everyone doing the same is quite low.
Your acting as if this were put in law that young people would be dieing of natural causes every single day, just to avoid paying the loans. Obviously they are not, so the hazard to the banks is quite low.
Like I tried explaining to you earlier. It doesn't matter what the circumstances are. It doesn't matter how much the loan is for. $10,000, $100,000, $1,000,000. The bottom line is, the bank gave them the money, and it is owed back to the bank. Somebody has to pay for it. The mother agreed by cosigning.
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I never said you said it was morally wrong. I said, I think it's morally wrong.
Why would a bank ever choose to forgive a loan?
I don't know. Some extreme extenuating circumstances. ::shrugs:: Its hard to say, as everyones moral compass is different. Maybe there are no situations in which a bank should forgive a loan. Im just one man posting on a bodybuilding schmoe forum :) :)
Though I am sure there are two sides to this argument/debate.
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That's a shitty story, but by cosigning on his loans, she took full responsibilty if he stopped paying. Sucks for her. Maybe she can write Bohama and try to get some debt forgiveness. :D
The federal loans were forgiven....this is a private loan
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The federal loans were forgiven....this is a private loan
and should be paid by the co-signer
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having had a parent whose loan guarantee (even better to the bank than cosigning) was called in by a bank withing days of a siblings burial I have some knowledge of the problem and the incompetence of the bank. This bank has since excelled it self and many others in incompetence.
Please do not let me spoil the smugfest but if this fellow and family were white would the thread be started and would it get as many comments?
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What does it matter what color they are? Everyone assumes that the mom is some poor, broke down old woman.
The mom lives in a pretty nice house, I think she just doesn't want to pay the debt back. That's what's wrong with society today. Nobody wants to take responsibility for their own actions. ::)
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having had a parent whose loan guarantee (even better to the bank than cosigning) was called in by a bank withing days of a siblings burial I have some knowledge of the problem and the incompetence of the bank. This bank has since excelled it self and many others in incompetence.
Please do not let me spoil the smugfest but if this fellow and family were white would the thread be started and would it get as many comments?
Just stop. There is no reason to make this racial. There is some seriously racial paranoia.
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Like I tried explaining to you earlier. It doesn't matter what the circumstances are. It doesn't matter how much the loan is for. $10,000, $100,000, $1,000,000. The bottom line is, the bank gave them the money, and it is owed back to the bank. Somebody has to pay for it. The mother agreed by cosigning.
Actually the circumstances do matter, you ignorant shit. Banks factor all of the circumstances when making bank loans, this is a crucial part of banking, this is how they calculate, the size, term, and amount of interest paid on the loan.
This is why the supposed inability of banks to make these decision's is entirely false. They do these types of decisions all the time.
This is a textbook example of incompetence, in the banking system.
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Just stop. There is no reason to make this racial. There is some seriously racial paranoia.
I agree but I based the question on viewing many of the previous posts
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never co-sign for a loan unless you are willing to pay it. In fact, assume you will have to pay it at some point.
200,000 signatures on a petition to forgive the loan? If each person on that petition sent her a nickel she'd be good to go.
Bank isn't the bad guy here..
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never co-sign for a loan unless you are willing to pay it. In fact, assume you will have to pay it at some point.
200,000 signatures on a petition to forgive the loan? If each person on that petition sent her a nickel she'd be good to go.
Bank isn't the bad guy here..
Agreed, never cosign on a loan. The reason the borrower needs a cosigner is because they are at high risk to not pay it back. Therefore, you should fully expect that you might eventually have to pay for the loan yourself.
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The federal loans were forgiven and rightfully so according to their terms. It won`t be a loss for them.
As for the Private Loan, that was the families dumb choice. Private entities who loan for school are seeking out morons, and the people sign right on up, when the terms are all right there in print.
The Private Loan does not have to be forgiven nor should it. It will just be defaulted on anyways.
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The federal loans were forgiven and rightfully so according to their terms. It won`t be a loss for them.
As for the Private Loan, that was the families dumb choice. Private entities who loan for school are seeking out morons, and the people sign right on up, when the terms are all right there in print.
The Private Loan does not have to be forgiven nor should it. It will just be defaulted on anyways.
No need to comment here dude it's well established, you either have aspergers are a sociopath.
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No need to comment here dude it's well established, you either have aspergers are a sociopath.
Hmm. Now the rubber room guys are handing out diagnoses!?
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Hmm. Now the rubber room guys are handing out diagnoses!?
He along with 333386 are the only two I mentioned for either.
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Hmm. Now the rubber room guys are handing out diagnoses!?
I guess its safe to say that Ratard will always suffer from the inability to fly over the cuckoo`s nest.
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Tell me about. I've got 30,000 in school debt but I pay every month.
Haahahahahaha. All of this money wasted for nothing ultimately, that's the worst part of the story.
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Did he die from being struck by lightening? That lightening behind him looks awful close
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what the kid die from ? gangbanging or too loud of music?
LOL. ;D
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what is the point and purpose of this thread?
To help perpetuate the stereotype that blacks are terrible when it comes to dealing with money?
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To help perpetuate the stereotype that blacks are terrible when it comes to dealing with money?
I don't think that's true at least for everyone. Race wasn't even a factor for me.
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To help perpetuate the stereotype that blacks are terrible when it comes to dealing with money?
That's not true at all. His mom lives in a very decent house. She knows how to deal with her money just fine. :D
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That's a shitty story, but by cosigning on his loans, she took full responsibilty if he stopped paying. Sucks for her. Maybe she can write Bohama and try to get some debt forgiveness. :D
can't get blood from a rock so things will work themselves out
my solution: no creditcards for people or government
dont let them overspend in first place
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having had a parent whose loan guarantee (even better to the bank than cosigning) was called in by a bank withing days of a siblings burial I have some knowledge of the problem and the incompetence of the bank. This bank has since excelled it self and many others in incompetence.
Please do not let me spoil the smugfest but if this fellow and family were white would the thread be started and would it get as many comments?
Dude, sincerest condolences on your loss, seriously, but I don't agree at all. if it had been a white kid i think the reaction would be more severe because white folks don't expect to be let off loans to start with. they don't expect it for themselves or other whites. it's only a minority that would expect to borrow (yes, BORROW) 10 grand and not have to pay it back.
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Dude, sincerest condolences on your loss, seriously, but I don't agree at all. if it had been a white kid i think the reaction would be more severe because white folks don't expect to be let off loans to start with. they don't expect it for themselves or other whites. it's only a minority that would expect to borrow (yes, BORROW) 10 grand and not have to pay it back.
Meet Methyl Mike aka GroinkTropin
http://www.getbig.com/boards/index.php?topic=309532.0
::)
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Meet Methyl Mike aka GroinkTropin
http://www.getbig.com/boards/index.php?topic=309532.0
::)
that link isn't safe..
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never co-sign for a loan unless you are willing to pay it. In fact, assume you will have to pay it at some point.
200,000 signatures on a petition to forgive the loan? If each person on that petition sent her a nickel she'd be good to go.
Bank isn't the bad guy here..
x2
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the kid died in the school bathroom from constipation, some speculate it was "dat dere heme iron" that got em
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the kid died in the school bathroom from constipation, some speculate it was "dat dere heme iron" that got em
Elvis died on the toliet constipation at like 42 if you cant shit its serious.
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That is nonsense, it is not that simple at all, there is no rational reason why she should of factored in her son dying before she did. This answer to this situation is quite simple.
It is that simple. She may not have factored in him dying but.......many other situations could arise that make her responsible for the loan.
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Elvis died on the toliet constipation at like 42 if you cant shit its serious.
yep
but alan vega didnt die he did 'some ' drugs while others did alot he's still alive and shits regularly
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yep
but alan vega didnt die he did 'some ' drugs while others did alot he's still alive and shits regularly
Alot of hair Alan has must be hitting the B vitamins.
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Alot of hair Alan has must be hitting the B vitamins.
yes alan hasnt lost any hair ever , he just makes songs and keeps inshape with that sort of thing
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I find it hard to believe that a company worth $71 million is "not in a position" to exercise compassion. -mother
i wonder if she or that "ratard" could make her same "moral" argument if the company was only worth 100k