What will happen if I can't pay back the student loan?

Let’s learn what will happen if I can't pay back the student loan. The most accurate or helpful solution is served by Yahoo! Answers.

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What could happen if you don't pay back remaining amount of student loan?

I'm planning on moving to Germany later this year and I have about $3000 dollars left to pay back. What would happen if I don't pay the rest of the money back and I leave for Germany?

Answer:

They send your account to a collection agency and your credit rating plummets. If it's a federal loan...

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Other solutions

What happens if you refuse to pay back Student Loans?

I am asking this question NOT for myself, but my neighbor.... My neighbor is on disability. She gets a check in the mail for it every month. She refuses to ever get a job, because it will cut into her Disability checks. SO, she got the idea to go to...

Answer:

Nothing will happen except a bad scrape on her credit. They can deny her an apartment, a vehicle, a...

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I'm being sued for a Sallie Mae student loan and I can't pay, what's going to happen?

Sallie Mae Financial is sueing me for the full amount + interest, etc., of my student loan. It was a private student loan. The amount is almost $7300, and I am unemployed, have no assets except a broken down old chevy malibu, I have nothing. I can't...

Answer:

No jail time for debtors. But you and your co-signer will have judgments against you, and will be subject...

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I'm being sued for a Sallie Mae student loan and I can't pay, what's going to happen?

Sallie Mae Financial is sueing me for the full amount + interest, etc., of my student loan. It was a private student loan. The amount is almost $7300, and I am unemployed, have no assets except a broken down old chevy malibu, I have nothing. I can't...

Answer:

The answer to your question will depend in great measure on the state in which you live. Regardless...

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What Happens if you cant pay back a student loan. Due to low income?

I come from a poor background, and I decided to go to school. the student loans got so large that I new I couldnt pay them back. now I have payments due and i am still not making enought to pay them. What can I do. I have already consolidated them and...

Answer:

Your only option is to repay... even a small amount, every month, until it's paid off. Even if they...

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Answer:

A lien against your paycheck or any monetary holdings can be placed, or you can even be taken to court...

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I have taken a student loan from salliemae and i cant pay off.. help?

i have taken a loan when i went to university and now that loan amount is 34,000 somewhere and i have no job and i have been applying for jobs for almost 1.5 year and its insane i ...show more

Answer:

Sorry, you made the agreement with the loan provider. They aren't going to cancel your loan or reduce...

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BOOLLSXZQ2D2VRREB4YAON35PY at Yahoo! Answers Mark as irrelevant Undo

Im behind on bills.i dont know what to do.i have a 3800 dollar student loan and 2 credit cards i cant pay off.?

3800 student loan 800 credit card 1200 credit card should i file bankruptcy or what?i work at mcdonalds and only make minimum wage(missouri).any adive?i tried debt consolidation ...show more

Answer:

You need to read the fine print before you sign-- half your debt is yours for life...no matter what...

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What will happen if i dont pay my student loan and move to another province?

will they be able to take my pay / take me to court if it goes to collections if i move to another province? please dont give opinions or advice because its completely useless i will ...show more

Answer:

If you do not pay your student loan and move to another province, you will not be eligible for the Canada...

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WHAT WILL HAPPEN IF I DONT PAY MY LOAN OFF?

i borrowed $140 from a loan place and i wander what would happen if i went to another bank to have my new account can the loan place find out where i bank at? what would happen if i don't pay the loan back? and cant afford to?

Answer:

If you are so immature you should stay away from credit completely until you have grown up a little...

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