I'm moving to Costa rica. I found a job and can't wait to go. I still owe 20 grand to uncle sam. I also own property in Costa rica.
2006-07-11 11:06:54 · 17 answers · asked by notei 4 in Education & Reference ➔ Higher Education (University +)
As long as you intend to stay out of the US and its possessions or territories, probably nothing will happen. Any statute of limitations is stopped by your leaving the country, so any time you come back, even for a visit, you could find yourself in trouble. Any money you have coming to you from the US could be intercepted also.
2006-07-11 11:13:45 · answer #1 · answered by thylawyer 7 · 1⤊ 0⤋
Not paying your student loans can affect you in lots of ways......Your credit will go down the tubes fast! If you found a good job and you already own land out there why not just pay off your loans a little faster by paying a little more each month but make sure you stipulate that the extra money goes toward the principal on the checks or you will just be paying interst off early. Trust me when your credit goes bad it is very hard to get it back in shape pay off your loans.
2006-07-11 11:13:09 · answer #2 · answered by Jen 1 · 0⤊ 0⤋
YES.
Find a way through your lender to set up an easy payment plan. If not, you could screw your credit rating from here to Mars... and back again. Most lenders are easy enough to work with, but don't think for one second that you can just "not pay" and nothing will happen.
Good luck in Costa Rica!
2006-07-11 11:13:16 · answer #3 · answered by stevenB 4 · 0⤊ 0⤋
Yes you can!!!! If you default on your student loan you will regret it. Keep paying on in no matter how little. Eventually it will get paid off. They will find you no matter where you go and have legal right to garnish your wages or take your state and federal refunds to pay this loan off! I am not kidding here! This is a reality! I am paying off a student loan so I know the facts! I sometimes get behind but I am still paying on it to avoid default! Don't let this slip by the wayside. IT WILL CATCH UP WITH YOU! you Need to read up on student loans because it may also affect that property you own. Go on line and look up info on student loans please! For your own peace of mind and mine as well! This questions scares the daylights out of me! I really don't want you to suffer unnecessarily over this!
2006-07-11 11:20:41 · answer #4 · answered by December Princess 4 · 0⤊ 0⤋
Along with what everyone else has already said, the government can also take any income tax refund you are supposed to receive until your debt is paid off in full. Do yourself a favor and pay, if you can't the full amount due, I'd call and try to set up a payment arrangement.
2006-07-11 11:16:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
you need to of somewhat presented a used motor vehicle and paid for it out of pocket. a large style of people get into this mess of issues because they finally end up paying each thing on a montly foundation and then have not something to exhibit for it. somewhat there ought to purely be one project that desires a loan= purchase of a house. See in case you are able to get into some settlement with regard to the motor vehicle. once you need to go back it, benefit this and purchase your self a used one. keep up as a lot money as you are able to. follow a respectable funds that purely helps nutrition and different undemanding nessesities which includes employ, gas and lighting fixtures. Sigh, turn off your information superhighway service and artwork from a public library as I do. supply up figuring out to purchase outfits. i recognize that feels like a small price, even if it isn't and outfits very last more than one may wish they do, so in basic terms use inspite of is on your dresser in the present day and go away it at that. See in case you are able to artwork time previous regulation and somewhat attempt to make your student loan funds. even once you need to downgrade your settlement cellular telephone to prepaid. by skill of ways, i'm not insulting you. it really is what i easily did to pay off my first semester of faculty which i did so rightfully by skill of paying out of pocket. i'd by no skill ever get a motor vehicle loan. autos are meant to be paid in finished, and as my uncle once suggested, "it really is more suitable useful to get the used one"
2016-12-10 08:09:21 · answer #6 · answered by lesniewski 4 · 0⤊ 0⤋
Well don't pay and it will ruin your credit for a looooong time. So pay up so you can help keep rates down for future students. If you didn't want to pay you should of saved up money, joined the military for the GI Bill or sold drugs.
2006-07-11 11:11:24 · answer #7 · answered by tom t 1 · 0⤊ 0⤋
don't worry about it just go u will be another country uncle SAM can't do an thing but ruin Ur credit and i suspect u dont want to come back from there
2006-07-11 11:21:03 · answer #8 · answered by Daniel B 1 · 0⤊ 0⤋
They will ruin your credit here in the U. S. My advice don't stop paying, even if you only send them 5 bucks a month. Think, what would happen if one day you decide you want to come back. What then?
2006-07-11 11:10:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋
DEFINATELY. Unless you somehow drop completely off the radar screen, you are legally liable for the debt. If you don't care about your credit, and never plan to return to the US to live, you might not care, but here in the US they can eventually attach your wages to pay the debt back.
2006-07-11 11:10:39 · answer #10 · answered by Dillon's Mom 4 · 0⤊ 0⤋