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avoiding to pay student loans

Discussion in 'Business & Tax Advice' started by Gold Hat, Jun 2, 2011.

  1. Gold Hat

    Gold Hat Regular Member

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    does anyone know good ways to exploit loopholes to not pay back your student loans in UK
     
  2. mission

    mission Newbie

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    its because of students not paying back loans after you've been fortunate to get in uni
    that the country's in a mess, personally i think the whole learning provider thing is a sham.
    And should provide better levels of education in secondary schools
     
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  3. wholesalereplica

    wholesalereplica BANNED BANNED

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    bankruptcy??? not a great start to your career though
     
  4. 0_inspiration

    0_inspiration Regular Member

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    Just earn under 12K for the rest of your life :D
     
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  5. suga051982

    suga051982 Regular Member

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    why would you not want to pay back the loans that you took out to further your education?????
     
  6. darshan1994

    darshan1994 BANNED BANNED

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    If you are planning to go uni then go live in scotland. Free uni. If you finished it, show your wage under 21k and you will be safe.
     
  7. marketingwise

    marketingwise Junior Member

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    if you have work not easily traceable they will take a while to find you.
    In the USA you cannot even get out of it by declaring bankcrupsy.
    I wrote to a writer of an article on this and he recommended getting out of the country. Good luck,
    I have a saying for times like this: "Better you then me".
     
  8. Gold Hat

    Gold Hat Regular Member

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    first of all the whole fractional banking system is fraud where they print money and hand it over to you and want you to work your ass off and pay it back with interest,

    secondly, i took £12,000 but have never worked so not payed any installments back and today i got a letter stating i own back £16,000 due to interest :eek:
     
  9. Gold Hat

    Gold Hat Regular Member

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    how you suppose to show your wage as what you want.
     
  10. volund

    volund Senior Member

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    Well in the US there is no loophole, you can not even get out of them by declaring bankruptcy.

    While I tend to agree with your view of how our monetary system is being run nobody took a gun to your head and made you accept the loans and not paying them back is only going to mean that the money will not be there for somebody else.

    Seriously dude make some money and pay it back. 16k is really not all that much, about the same as a car note. Hell over here we have students running up 250k notes to go to school and that is a serious lot of money to have to pay back.
     
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  11. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    And people like you are part of the reason why the country is so fucked up. You must have had a few years of doing fuck all to build up £4k in compound interest...
     
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  12. TNphoneman

    TNphoneman Senior Member

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    Well the one sure way is to die, but that is probably not an option.

    You can bankrupt student loans in the US but it has to be longer than 10 years or so since you defaulted. Not impossible but very difficult. More than likely you would get it forgiven and get a 1099 as income and owe the taxes on the money (in the US).
     
  13. Speckled Terrier

    Speckled Terrier Junior Member

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    I don't know about the UK but here in the US you can ask for a deferment for 6 months to 1 year.
     
  14. dovislt

    dovislt Junior Member

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    Are you going to uni this year or next. If you're going this year like me just be thankfull that you're not going to be paying 9k tuition fees.
     
  15. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

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    Here's my take on this from someone who owned a business where I lent other companies' money and periodically lent my own.

    Pay it back!

    You signed papers that stated you would pay it back under specific terms with specific interest, whether variable or fixed.

    Act like a man and show the world that you were raised properly and know that if you sign a contract, you fulfill that contract.

    Anything less is chicken feathers.
     
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  16. bushbabie21

    bushbabie21 Executive VIP Jr. VIP Premium Member

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    In the US its slightly more complicated than you guys are making it out to be.

    Historically, a college degree did lead to a better job. Due to the lowering of the value of a college degree and the horrific job market that is no longer the case, i have friends that are staying in school just so they dont have to start paying back the loans...this model is flawed becuase at a certain point, you need to hit the lottery in order to pay back all these loans. Also lenders like sallie mae dont give a monkeys ass if you are unemployed or even fell and broke your neck...like that mafia saying" F!@# you pay us!

    Then you also have the situation of exorbitant fees from the colleges because they know you are boworring what is essentially unchecked money. So misc charges, ever increasing book charges and tuition hikes(required by federal law-in order to recieve federal funds, 10% of a colleges income must come from non-govt funding sources, which means that tuition hikes are built into the system)

    And quite frankly in the US, the education market and the military are the only things booming...So if you can find a way to beat the system i say do it...hands down!!!!! Everyone will always have some moral agenda to push onto you until they are in the same boat. I mean this is blackhat forum and if everyone is so moral, why are 99% of the posts dealing with beating the big G or finding some tricks/methods that are clever. I have learned over the years that you really have to be careful about getting sucked into peoples "moral authority" trips.
     
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    Last edited: Jun 3, 2011
  17. advio12

    advio12 Registered Member

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    Today, yes the learning thing IS A SHAM! They screw so many people out of their money ots crazy...then when they graduate, many cant get a job. Go here to see how it is in the states, its a jpg so click it to expand it. Seems like a real money maker.

    As far as getting out of loans, atleast here in the US, there is nothing you can do that i can think of except for leaving the country and never coming back.
     
  18. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

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    You are essentially saying don't pay the loans he agreed to pay.

    I can see you weren't raised by me; if my children sign a contract they honor it.
     
    Last edited: Jun 3, 2011
  19. bushbabie21

    bushbabie21 Executive VIP Jr. VIP Premium Member

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    Wow, thats insane about the governemnet subsidy...I never knew that the government pays these private lenders the loan plus interest. Son in essence its in a a private loan companies favor for you to default on a loan because thats an easy and quick payday and the problem is passed along to the government. WOWZERS!!!!!

    I SMELL A "BUBBLE"....

     
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  20. bushbabie21

    bushbabie21 Executive VIP Jr. VIP Premium Member

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    No, what i am saying is that just like your linkpushing service exploits loopholes in Googles ranking algorythm, this kid should try to find the best position he can using his brain. If the system were set up correctly, he would be employed and the equation would make sense, rendering this whole problem unnecesary. People revolt when there is an inbalance in a social or government system. Why would you just accept a financial system that obviously cares nothing for you and uses unfair and deceptive tactics? On a more primitive level, i think its in our makeup to want to solve problems that would otherwise be disadvantageous to us, because how else would a scrwany human being not wind up on a lions dinner plate if he didnt find a way to game the system. I by no means condone anything illegal but the education/lending business has become a lion and if you play by their rules, you will be a slave forever.

    BTW...none of that stuff was meant as a personal attack and i only used your service as an example. I actually like your service but my point is that technically any action used to inflate links is an attempt to game the big G, so why not do that for things that are as important as the future of your financial solvency


     
    Last edited: Jun 3, 2011