has already been written off by the lender. Anything they get over the pennies is pure profit.
Never talk to, answer mail or anything like that, as they will just act crazy. It's a scam that only works as a threat. The original lien holder or creditor never sees a dime, or so my attorney told me.
I'm not giving you advice, as you didn't complain of it happening to you, just general information.
Although the GOP changed bankruptcy laws numerous times during the Bush era. Ted Olsen his Solicitor did a job on SSA dependents, by claiming that the money didn't belong to the child.
I forgot how that lawsuit won the case, but they did. I remember reading it and getting furious. It appeared his interpretation was that SS is charity.
Who says that? Rushbo.
And it appears to insult the people who'd paid in and expected their survivors to get what they'd worked for, up until age 18+. AFAIK, the Bush administration gave the green light to garnish SS, even disability, to pay student loan debt.
Until we get a HoR and if we keep the Senate, the student loan scam will continue. Obama and Warren worked on keeping an increase from going in, but the basic problem still remains, paying a private entity who profits off a public good.
At one time, the rates were low and were amortized, then they turned them into something like a revolving credit card account. And the profit does not go to the government, it goes to the lenders, who get paid first and foremost. I only had one brief student loan under the new regime, and fought hard to get it paid off, a very tiny one it was.
One has to watch out, I was harrassed for a loan that I applied for years before but was never approved as I didn't complete the process. No money was released for anyone. A computer based program found the app and tried to dun me for it. I went in person to see their paper trail to prove I'd gotten the money. They looked and saw it'd never been paid.
This is main thing to fear about paperless transactions in my mind, especially if they are large sums.