01:08 PM - Discord
@everyone,
Do you think I will end up in prison for being ten years delinquent for a $3,500 school loan with AES? Why did they stop contacting me? These used to send me letters saying how much I owed each month for years. I took out the loan in 2006. They would write to me each month. I was sometimes paying back the loan. They suddenly stopped contacting me around 2011. I don't know what happened.

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2013-05-21 - Tuesday - 12:56 PM - AES emailed me: "Dear JOSEPH: We are confirming the student loan payment you scheduled through Account Access. Payment Date: 05/29/2013..."

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Money People Owe Me & Money I May Owe People.

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Yoda says to me I should call AES or whoever that might be handling my loan. When you call in that type of situation, they can get the best of you due to you not knowing what you need to know before calling. Don't worry, the cops will arrest me. I think I defaulted on a federal loan. I don't know what federal loan means. Kind of hard to call with no phone. EZ, I will be in prison. Bye bye.

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01:27 PM
The question is that of the interest and anything else that might hypothetically be added to a loan, assuming a loan is not magically forgiven or whatever they might call it.

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EZ, If anything happens to me, it was nice knowing you. I was able to log into the website. I'm looking at my account. It appears to say zero dollars. Perhaps that means the loan was either paid back or it was forgiven, forgotten about, etc, or I don't know what it means. This loan is no longer being serviced by AES as of 01/08/16. I guess I find out who is handling my loan now. 10/13/2006 STFFRD Defaulted

View Details.

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I default on my $3,500 USD federal Stafford student loan in 2016. I sent AES the following email in 2016:
Please allow my mother to make loan repayments on my behalf. She wants to mail payments​ to AES via the postal service and not online (direct wired payments). I'm currently living in Vietnam as a teacher and missionary volunteer with churches and for the poor people. I do not prefer making international calls to the United States from Vietnam. They replied saying I better call them.

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My brother wrote the following in 2016:
If you had a job in the US, i would say you might have to have concern about the loan, because they could maybe take away your IRS refund or take away money from your paycheck. Or at least for back taxes and child support, they can do this. But they have no way to get money from you, so the loan should be of no concern to you. A cosigner on a loan has to sign a loan agreement in order to be liable for a loan agreement, so the loan should have no effect on aunt Karen. And being that the loan amount is so small, the loan people would not waste their time or money going after you. You are a little fish, being under 10k. Any money that we could help you for this loan would be better spent giving you financial help for your life in vietnam. Any financial concerns for back in the US is of really no concern, given your present circumstances in a foreign country.

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I wonder if my brother was wrong about that.

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My mom replied to that email in 2016 with this: Ricky: Joey could possibly be banned from coming back to the USA from this loan. I made a mistake (not noticing the type of loan) and said 6 years because that is what Oregon's limit is on private loans; but THIS is a federal loan and will never ever go away! It also could have consequences for Karen because you listed her; I need to protect my sister. Ricky, people are starting to be arrested and put in jail for past due federal student loans. Also, Joey wants to be ABLE to come back without being hassled. Larry lost the sale of a house recently because the applicant had defaulted on his student loan, and therefore was not allowed to get a house loan!!

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She followed:
I was talking about the window of opportunity to sue the student for nonpayment; the time starts with the last contact the student had with the loan company. yes it was subsidized probably; normally federal student loans donot accrue interest until the student has been out of school for 6 months. I am sure that federal student loans do not disappear with a bankruptcy; they are permanent. {every debt except this kind can be written off in a bankruptcy}. IT IS A SCAM TO ENSLAVE THE YOUNG ADULTS AND PREVENT MANY OF THEM FROM OWNING HOMES, ETC.

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2016-02-18 - Thursday - 10:53 PM:
On that 18th day of February of 2016, I wrote:
$3,500 USD AES USA federal subsidized Stafford loan.
$2,364.95 or more is owed still.
6.8% interest.

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Subsidized because I think I was not paying for the monthly interest due when I was in school & in Hawaii when I got an economic hardship deferment. Mom, what do you mean by 6 years? You wrote in a previous email about my loan and Oregon and 6 years I maybe didn't reach. Are you talking about how long it takes for certain kinds of loans to be forgiven in hardship circumstances or other exceptions which may allow loans to be forgotten​? Rick said that I might not have to pay back my loan after 7 years, right? Is that what you said? I guess it depends on the details.

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​2006-10-13: Federal Stafford Loan:
Account #: 1932823767

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Allegedly:
Loan interest accrued:
Tax Year Student Loan Interest Cancellation of Debt
2015 $141.60 Summary Statement - PDF $0.00 Summary Statement - PDF
2014 $58.85 Summary Statement - PDF $0.00 Summary Statement - PDF
2013 $128.61 Summary Statement - PDF $0.00 Summary Statement - PDF
2012 $145.41 Summary Statement - PDF $0.00 Summary Statement - PDF
2011 $172.73 Summary Statement - PDF $0.00 --
2010 $150.14 Summary Statement - PDF $0.00 --
2009 $163.76 Summary Statement - PDF $0.00 --
2008 $29.77 Summary Statement

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2017-12-11 - 06:13 PM:
And I got mail from my student loan from ABC from 2006. And they said another company was going to pick it up and go after me and that would give me bad credit too. According to the letters, it seems they will always try to collect the money from me. I know Rick said maybe not but it does not seem to be going away. And I saw that they are trying to get mom to pay around one or two thousand dollars for her debt at PCC back when she was in college, too. They also said she could get disability or help with that. So, mom might still have that debt from college. I may still have debt from college and from my bank and from my Vietnamese student who gave me a plane ticket. I missed that plane and then bought a 2nd ticket with some of my Bitcoin. And Bitcoin went from about $1,500 USD to over $12,000 in about six months from July to December 2017 and I think it was at 16K for a second, too.

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I logged into AES and found the following message: "This loan is no longer being serviced by AES as of 01/08/16. The loan defaulted due to borrower failure to make required on-time payments. Any further instructions will be provided by the agency servicing this loan."

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I do not have the information regarding which agency is servicing my loan. I did not get a letter in the mail. I did not get an email. I cannot find information relating to it on your website.

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04:39 PM
Discord

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I'm not happy regarding the SUPER MEGA UPKEEP DEBATE. Things used to last longer in the 1800s. I don't like how cars and houses rust and stuff. I would probably do deep research before buying anything. One of my passions in life involves helping people make better choices. Shoes used to last longer in the 1800s. Over time, more and more things started getting cheaper and cheaper. The normality of that decline has changed the way people view all of this. Some have said staining or polishing wood may last longer than paint. If I was buying a bike, I would look for a metal bike frame that was made out of metal or steel or whichever material that could rust at the slowest speed possible. It has to be possible. I wonder how carbon fiber compare with titanium.

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How can it be my responsibility if they won't tell me who took my loan? @sky2518#6526 SKY GIRL, IT IS NOT MY RESPONSIBILITY IF THEY WILL NOT TELL ME WHO STOLE MY LOAN. They took it. They didn't say who. I tried to ask them. They won't tell me. I borrowed from AES and not from the government. AES is not government. AES passed my loan debt to somebody else. AES said an agency or something took it. But AES won't say who. So, how am I supposed to contact an anonymous agency? They need to simply tell me who took it. They must tell me. They didn't tell me. I blame Roy. I also blame Sky. AES should have told me. I was paying back my loan to AES. AES gave my loan to somebody. They must contact me. Period. That is the truth of the matter. I can't pay if they don't tell me where to pay. And to quote Moose, "And that's the bottom line." How am I supposed to send the mysterious people money? That makes no sense. I thought that the group that bought my loan wanted my money. They want my money. What are they waiting for? Are they hiding behind my house? Are they waiting for me to make a lot of money? Why not take the money out of my bank account? Why not take the money out of my taxes? Why would an agency buy my debt just to not go after me? What did the group that bought my loan get? What is equity? Good question. I don't know what equity is. Sky is a communist. That is why I wrote that on my blog. I don't know why that group is not going after me. Old Man Joey.

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The Truth: Should You Never Pay a Debt Collection Agency? A debt collection agency is a company that buys unpaid debt from a creditor. Debt collection agencies usually buy these debts for pennies on the dollar. Then, they attempt to track down a debtor and force them to pay. Because these companies specialize in tracking down alleged debtors, they're better suited to collecting unpaid debt than lenders themselves. They employ a small army of sleuths equipped with the world's best search tool: the internet. Against these odds, an alleged debtor is hopeless. Debt collection agents can track their prey using anything from bank records to voting data - even internet providers! Not exactly. Sure, paying a debt collection agency may get them off your back. But that's all it'll do. Evidence of the unpaid debt will remain on your credit report for another seven years. The actual amount of the debt doesn't matter. Collections raise the same red flag on your credit report, regardless of whether the debt is for $100 or $100,000. This can affect your ability to secure loans in the future. What's worse, intent doesn't matter in debt collection cases. Many debtors aren't trying to dodge their creditors. They just don't know they owe money. This happens all the time. A creditor may send an unpaid debt notice to a borrower's old address. The borrower never receives it and goes on with their lives, unaware of the debt following them. This lingering debt can have some surprising effects. It'll make getting new loans more difficult. Securing financing for a car, mortgage, student loans, or home improvement is significantly more difficult with bad credit. But that's not all. Bad credit can also make it difficult to rent a home or even open an online streaming account.

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On the other hand, paying an outstanding loan to a debt collection agency can hurt your credit score. Yup, you heard that right. Any action on your credit report can negatively impact your credit score - even paying back loans. If you have an outstanding loan that's a year or two old, it's better for your credit report to avoid paying it.

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If you refuse to pay a debt collection agency, they may file a lawsuit against you. Debt collection lawsuits are no joke. You can't just ignore them in the hopes that they'll go away. If you receive a Complaint from a debt collector, you must respond within a time frame determined by your jurisdiction. For most areas in the US, that time frame is 14-30 days.

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If a debt collection agency wins their lawsuit, they have several options available. For example, debt collectors may garnish earnings to collect a debt. A garnishment is a court order that takes money directly from a debtor's earnings. This money goes towards repaying the debt they owe. Consider this possible outcome before ignoring a debt collector's payment demands.

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Here's one more thing to keep in mind. Interest on your unpaid debt will continue to pile up as time passes. If you don't pay a debt collection company, the amount of money you allegedly owe will keep increasing.

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Sometimes, paying a debt collection agency makes sense. Remember, these agencies buy debt for pennies on the dollar. As a result, you may be able to negotiate paying off your debt for a much lower amount than you owe. Debt collectors may also send you a letter stating that your debt is paid. You can use this letter to remove evidence of the debt collection from your credit report.

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Sky might be purposely taking Oatmeal out of context. I am always working. You cannot say Oatmeal does not have a job if Oatmeal has a job. Work is work. You make money. That is work. I don't know what Sky might be referencing. I have been working since 2004. Before that, I made money too since roughly 1994. English Teacher. I have class in 3 hours. Roy was talking about this.

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Sky thinks Oatmeal is a pedophile. I've been making money every year since 2004. Actually been making money each year since like 1997 or 1994. I make money teaching English. I also make money writing. The point is I make money. I spent a thousand dollars this week. I was talking to EZ about the money I was spending. I have around a thousand dollars worth of Bitcoin.

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A piece of advice: pay the right person. If you receive a letter from a debt collector demanding money, do your research. Often, debt collection agencies sell debt to one another. Don't just assume you're paying the right debt collector. Make sure your debt hasn't changed hands.

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If you have no income or property and plan to never have income or property at any point in the future. In this case, you may be “judgment proof.” If you plan to ever own anything or have income again in the future, you are not judgment proof. If you don’t owe the debt. Rule #1 of life: don’t pay people money you don’t owe them. If an agency is hounding you for a debt you don’t owe, send them a Debt Validation letter to get them off your tail. If it is part of your strategy to settle the debt for less. A proven strategy for paying less on a debt is to send the collector a Debt Validation Letter. This may force the collector to sue you for the debt or to give up. When they sue you for the debt, respond with an Answer to a Summons and Complaint. This may force them to give up or to settle the debt for less.

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At least I'm not a communist like Sky. Sky is a Capitalist Pig. Sky is making stupid money. Oh my God. Money is so evil.

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If the statute of limitations has expired. If the statute of limitations has expired then the collector can no longer legally sue you for the debt. Making a payment on the debt will likely reset the statute of limitations — which is disastrous. If the collection agency can’t show ownership of the debt. Frequently, the sale of a debt from a creditor to a collector is sloppy. A collection agency hounding you may not be able to show they actually own your debt. If they can’t, then you aren’t obligated to pay them. The argument goes like this. You owed $1000 to the original creditor. The creditor sold your debt for $100 to a debt collector. If you pay $1000 to the debt collector, that doesn’t restore the creditor. Besides, the creditor already got their remedy for the debt in the $100 from the collector. Also, you don’t owe the collector $1000, because they only paid $100 for your debt. That said and the ethical argument aside, if a collector legitimately bought the debt from your creditor, you do have a legal obligation to pay, if the debt was legally assigned to the collector.

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You may want to pay a collection agency:
If you owe the full amount of the debt and the agency owns the debt.
If you want to resolve the matter as quickly as possible and have the money to do so.
If you believe you have a moral responsibility to pay off debts regardless of whether they are actually owed.

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For most people, it makes sense to angle for a settlement. If a collector is hounding you for a debt they are probably adding on hundreds or thousands of dollars in fees to the debt. They also probably bought the debt for only around 10 percent of the face-value of the debt. These factors suggest that if you paid the full amount they are asking for, you would be overpaying. On the other hand, if you don’t pay off the debt at some point, they may keep hounding you forever. Even if the statute of limitations has expired and they don’t get a judgment against you, they can still keep asking you for payment or selling your debt to the next guy till the end of time — or it ends up on the spreadsheet of some street-thug collector who threatens your life.

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But if collection agencies are plotting to suck up my money due to debt I may still owe, that might cause more problems. I'm going to Google credit score. Why did an agency buy up my loan? But I thought they buy the debt so they can then make the debtor pay. That is why I assume they still want me to pay. I would pay if I knew who to pay. I don't understand the motive of collection agencies outside of trying to getting the debtors to pay it back. I copy and paste like a wizard. In 2006, I took out a Stafford loan. My birth certificate says JOSEPH SCOTT ARNOLD but I usually go by Oatmeal Joey Arnold. Legally, I don't know if that matters. When I get mail, it is often addressed to Joey and not to JOSEPH. Many people are named Joey Arnold. Some are named Joseph Arnold. Less people are named Joseph Scott Arnold. Hell, I might be the only one.

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My assumption is going to be that agencies buy up debt. Many people will try to pay back the debt in order to raise their credit score up.

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Here is my advice.
First, try to only buy things that might last the longest and/or stuff. How long may not be the most important variable. Second, decide to sell or repair stuff. The end.

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06:51 PM
Boston. Projects. Jeff Sacks. Florida. Catch Me If You Can. Tom Hanks. Leonardo DiCaprio. Dissenter has issues as a web browser. Lantern turned off comments. Subscribers-only mode. Messages that appear are from people who’ve subscribed to this channel for 60 years or longer. Can anybody hear me in the backstage? Only Lantern remains.

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