I’m just talking MORALS, here. You borrowed X-amount of dollars from SOMEONE at X-amount of interest and it was due on the 15th of the month until PAID, or in some sort of balloon payment at the end.
Are people that DAFT to think they don’t need to repay that money?
I guess so! Nice deal if you can get it!
Yes. Because now, being expected to repay one’s debt is “RACIST”.
Diana ,
If you bought a nice shiny Corvette at your local Chevy dealer and financed through GMAC ,, and you were sued by Ford Motor Credit because you weren’t making payments to them ... would you start making payments to Ford or would you demand that they show they now own the note? GMAC still wants to get their monthly too...
The issue is better defined as:
You took out student loan with A.
They sold the debt to B.
Group C says you owe them the money, send it. Are they a scammer preying on the indebted? Is it legit? Show me the right to collect. Oh, wait, you can’t? I don’t have to pay you, I’m paying B.