2007-02-24 08:24:49 · 8 answers · asked by barbara l 1 in Business & Finance ➔ Credit
step up to the plate and pay it
2007-02-24 08:27:06 · answer #1 · answered by prop4u 5 · 2⤊ 1⤋
The interest rate is probably very low (typical of loans at that time). Therefore, you could probably pay it off in no time by sending in two or three times the monthly payment (or more if you can afford it). This will reduce the principal and cut the life of the loan substantially.
2007-02-24 16:35:03 · answer #2 · answered by Blessed 5 · 0⤊ 0⤋
The best way to get rid of any loan is to pay it off. I'm not sure why people think they'll just go away if they don't pay.
2007-02-25 18:01:06 · answer #3 · answered by Jason 3 · 0⤊ 1⤋
pay it. thats your only way. student loans are non forgivable and non dischargable through a bankruptcy. set up a payment plan, you may pay on it for the rest of your life, but the interest rates are typically low and you can pay a very minimal amount ($50 or so) a month. take care of it, it will follow you around...
2007-02-25 00:22:27 · answer #4 · answered by Steph C 3 · 0⤊ 1⤋
I am trying to Bankrupt mine. The trustee told me it would be okay since the loan was issued more than ten years ago but, the "woman" who keeps calling me asking for payment called today, Saturday, actually laughed at me when I tried to refer to speak with my banruptcy trustee. she said I couldn't. I have to call my Trustee on Monday to find out the real deal, so, you could also call a Bankruptcy place for more info., if that may be an option for you.
2007-02-24 21:45:05 · answer #5 · answered by peach p 1 · 1⤊ 1⤋
the only way to "GET RID" of it is to pay it off the debt will not disappear
2007-02-24 19:03:56 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Pay it off.
2007-02-24 16:31:40 · answer #7 · answered by Box815 3 · 1⤊ 1⤋
i would have to say pay it off.
2007-02-24 16:28:42 · answer #8 · answered by Anonymous · 1⤊ 1⤋