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How to discharge student loans in bankruptcy?

When you’re trying to discharge a student loan in bankruptcy, you need to know which student loans are dischargeable.  There’s a difference between a federal student loan, federal student loan serviced by a private student loan, and a private student loan?

A federal student loan is issued by the federal government and serviced by the federal government.  They have a lower interest rate and the federal government usually can forgive the balance of the loan if you are not able to make the payments. 

Now the federal student loans that are serviced by private lenders have been recalled by the federal government because the private servicer were not being flexible with the borrower with their payment plans.  Which also cause the borrower to default as well as taint the borrower credit.

The third type of student loan is from private lenders, such as Sallie Mae, Citibank, Wells Fargo, bank of America, and Navient, which is a subsidiary of Sallie Mae.  When these private lenders issue student loans they do not have the federal government protection, so those loans are treated like a regular personal loan.  Which also means that these lenders make up their own rules when issuing loan and collecting on them.  They can increase the interest rates, if you miss a payment, they’ll send you collections, file the insurance claim get your student loan paid off and then force you to may them too.

http://www.businesscreditamerica.com/landing/sallie-mae-student-loan-illegal-practices/

Hey guys! Houston here with Business Credit America, and today I'm just gonna get right to the point, and I wanted to talk to you all about Sallie Mae Student Loans. And I know from many of you all, may have seen my student loan video removal of Sallie Mae Student Loans. And the thing about it, you actually can't have those type of student loans because they're, not under the government guidelines. If you have government student loans, you can go to directloan.com. If you go to directloan.com, right there, all of your government student loans, they can consolidate them all into one, and they will lower your payments.

In reference to your private student loans, because they're all under FDCPA, you have the right if you have to, if you need to file bankruptcy, those types of student loans, you can, especially like Sallie Mae. Sallie Mae is a privately held company, and I tell a lot of people that call me, and I talk to them about their student loan. By them being a privately held company, they're not under the government guidelines. And so you do have a right to file bankruptcy under that because like with Wells Fargo, with Chase Bank, Sallie Mae, they all fall under...

What type... What it is is that Sallie Mae... Sallie Mae, what they were doing, they would go to the government, and they would buy student loans from the government. And then, "Okay, we're going to service these." So the government like, "Well, okay. If you service these then, you have to pay us a monthly insurance payment on these loans." See, when you took a student loan, they automatically used... But most of the time they automatically loaned you until the insurance program. And so that insurance program was for in case you default, then the insurance company pays off that loan for you. And so, like a lot of people, they don't know that.

 And if you ask for your original contract with whoever, whatever school you went to, when you signed up for Sallie Mae, if they can't produce that contract, then they should not be reported on your credit report anyway. Also, another thing that Sallie Mae does is that say, that you defaulted way back when on your loan. What they'll do to keep on the collection practices, they'll re-age your account. And so they never report the original default date. So that puts you, like you're just starting over when you actually, because of the seven year time lapse on a loan or a regular loan except for a government loan, then it should have been folding up your credit anyway. But what they do, they re-age your account so to keep the student loan on there, especially when they're not backed by the government.

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http://GoodCreditUnion.com 1-800-652-7157 In this video, I show a new CPN file. This client has a 2 Au's and 1 Primary which had give him high 700's across the board.  Once he had access to his file he went and opened up a checking accont with WellsFargo and Navy Federal. He had success in that, however he applied for a loan and was turned down.  The reason he was turned down is because he did not hhave enough primaries on the credit file,

We instruct all clients not to apply for any loans especially government loans because the file is not strong enough.   We you jump the gun like this guy you could cause problems for yourself.

DO NOT EVER, EVER, EVER APPLY FOR ANY TYPE OF GOVERNMENT LOANS WITH YOUR CPN.  YOU CAN GET YOURSELF INTO ALOT OF TROUBLE.

DO NOT USE AN ADDRESS YOU LIVED AT BEFORE OR HAD MAIL SEND TO IN THE PAST, YOU CAN CROSS UP YOUR FILE.

DO NOT HAVE MULTIPLE NAMES BECAUSE THE CREDIT BUREAUS WILL GIVE YOU A DELAY ON YOUR FILE.

THE ONLY USE FOR YOUR CPN IS TO GET CREDIT FROM NON GOVERNMENT LENDING INSTITUTIONS, THAT MEANS NO MORTGAGES.

You can have a lot of success with a cpn if you have the right people around you.  We encourages you to clean up your personal credit first before you get a CPN.

CHECK OUT OUR OTHER GREAT SERVICES.
2013 and Past Due Tax Preparation for Personal and Small Business Taxes
Business Credit Building with No Upfront Fee
Personal Credit Sweep
Personal Credit Repair
Bankruptcy Removal
Private Student Loan Removal
Guarantee Funding
Foreclosure Removal
Chex System Removal
Seasoned Trade Lines
Retirement Plan Transfer to your Corporation
Car Repossession Removal
Credit Card Charge off Removal
Free Net30 Account Reporting
Dun and Bradstreet File Review

http://BusinessCreditAmerica.com 1-800-652-7157

http://GoodCreditUnion.com 1-800-652-7157 Win a round trip to Las Vegas and $1000.00 to Hangout with the GCU GROUP. We running a contest to see how many people we can help and we want to reward you with the opportunity to come have fun with us.  

Here's are the rules.
1. You must purchase the services your self. The reason is, how can you tell someone about a product if you never tried it.
2. You need to market the product.  That means you make video, Tweet about it Facebook it. What ever it take to let people know about Good Credit Union.  

Remember even if you don't be the Top Affiliate thru out the year.  You still make a lot of money with us and you still can come hang out with us, at your own expense of course.

LET'S MAKE SOME MONEY, CHANGE SOME LIVES AND HAVE SOME FUN.

Check out our other Great Services.
2013 and Past Due Tax Preparation for Personal and Small Business Taxes
Business Credit Building with No Upfront Fee
Personal Credit Sweep
Personal Credit Repair
Bankruptcy Removal
Private Student Loan Removal
Guarantee Funding
Foreclosure Removal
Chex System Removal
Seasoned Trade Lines
Retirement Plan Transfer to your Corporation
Car Repossession Removal
Credit Card Charge off Removal
Free Net30 Account Reporting
Dun and Bradstreet File Review

http://BusinessCreditAmerica.com 1-800-652-7157

http://GoodCreditUnion.com 1-800-652-7157 Authorize Users(AU) used for credit score booster still works.  Piggy backing someones whole credit file is what's challenging these days.  
Most of us don't realize how hard the financial industry was hit with all these regulations.  Because of that credit bureaus have made it challenging for people to repair their credit.  Yes, you still can use AU's to boost the credit score.  The piggy backing a whole credit file is the challenging part.

Let's talk about credit profile numbers(cpn) and secondary credit numbers(scn), as I stated in another video these 2 numbers are legal numbers.  However, you must make sure whom ever you retrieve these numbers from that they are not giving you an already existing number. such as a baby's ssn, an inmate or an deceased personhttp://BusinessCreditAmerica.com 1-800-652-7157

http://BusinessCreditAmerica.com Business credit America will soon be offering shelf corporations with store front addresses and commercial phone numbers. This program is designed to help clients that want a shelf corp but do not have an commercial address to go along with the shelf. Also, it gives the client a way to generate an income to pay back the loans they take out under the business and their personal credit.

Once the client shelf corp is completed and then they will have the opportunity to partner with the GCU GROUP, INC. and they be able to generate a income from $300.00 up to $900.00 a month GUARANTEED. The client will also make money by referring customers to us as well. Our referral fee pay out is on the business credit and the personal credit, so that give the client 3 different ways to make money with GCU GROUP INC.

Check out our other great services
2013 and Past Due Tax Preparation for Personal and Small Business Taxes
Business Credit Building with No Upfront Fee
Personal Credit Sweep
Personal Credit Repair
Bankruptcy Removal
Private Student Loan Removal
Guarantee Funding
Foreclosure Removal
Chex System Removal
Seasoned Trade Lines
Retirement Plan Transfer to your Corporation
Car Repossession Removal
Credit Card Charge off Removal
Free Net30 Account Reporting
Dun and Bradstreet File Review

We only ask that only motivated and serious clients inquire about this program. We do everything by contract.

http://GoodCreditUnion.com 1-800-652-7157

http://BusinessCreditAmerica.com 1-800-652-7157 Stop buying net30's and business credit services if you have bad credit.  hen you try to build up your business credit by purchasing net30's, trade lines, having corporate financials and taxes prepared as well as add ucc's to the company, you still are not guaranteed to get the funing you need to help your business.

Most banks and other lending instituions are insisting you do a personal guarantee or have enough assets to cover the loan.  Many of us, unfortunately don't have assets to cover the loan, however we can fix our personal credit to sign off for the loan.  

Good credit Union helps people all the time to fix their personal credit and help them obtain loans upto $50k in cash funding under their personal credit.  Business Credit America builds the client a 3 to 5 year old shelf corp and pair it up with their personal credit to get them up to $100k in cash funding.

I understand many of us have been taught it's not necessary to use your personal credit to get funding under the business, however due to new rules and regulations with the financial institutions things have changed.  I try to encourage people to fix their personal credit first because they will be able to have access to many other opportunities.  They can buy a car with no money down, pay lower interest rates on loans for mortgages, and personal loans.

This Tax season fix your personal credit first and you'll have access to money all year long.

Check out our other great services
2013 and Past Due Tax Preparation for Personal and Small Business Taxes
Business Credit Building with No Upfront Fee
Personal Credit Sweep
Personal Credit Repair
Bankruptcy Removal
Private Student Loan Removal
Guarantee Funding
Foreclosure Removal
Chex System Removal
Seasoned Trade Lines
Retirement Plan Transfer to your Corporation
Car Repossession Removal
Credit Card Charge off Removal
Free Net30 Account Reporting
Dun and Bradstreet File Review

http://GoodCreditUnion.com 1-800-652-7157

http://www.goodcreditunion.com/ 1-800-652-7157 This is a clients file that allowed us to use it as a testimonial video.  This is not a cpn file.  This individual only had a childsupport case showing on his credit.  We added 5 Authorize User to his account to get him in the 700's due to the fact we had applied for several credit cards and a loan.  This individual was approved for a Amex card, a $5k discover card and a $4100.00 citi card.

Check our our other great services.
2013 and Past Due Tax Preparation for Personal and Small Business Taxes
Business Credit Building with No Upfront Fee
Personal Credit Sweep
Personal Credit Repair
Bankruptcy Removal
Private Student Loan Removal
Guarantee Funding
Foreclosure Removal
Chex System Removal
Seasoned Trade Lines
Retirement Plan Transfer to your Corporation
Car Repossession Removal
Credit Card Charge off Removal
Free Net30 Account Reporting
Dun and Bradstreet File Review

http://BusinessCreditAmerica.com 1-800-652-7157

http://www.goodcreditunion.com/ Good Credit Union has a new financing program to help you pay to get your personal credit repaired. You pay 1/3 down up front and we financed the rest.

Once your personal credit is repaired you pay the remaining balance. It usually takes 45 to 60 days to repair a tipical file. We remove bankruptcies, private student loans, car repossessions, judgements, liens (other than tax liens), short sales, late pays, inquiries, charege offs, and check systems.

There no reason you should be walking around with bad credit. With good credit you pay less money and lower interest rates on a car loan, mortgage, private loans.

If we're willing to invest in you, why not take advantage of a great opportunity to have perfect again.

As you are aware that Business Credit America no longer charges upfront fees to help you build your business. We only charge you when we get you the funding for your business.

Check out our other great services
2013 and Past Due Tax Preparation for Personal and Small Business Taxes
Business Credit Building with No Upfront Fee
Personal Credit Sweep
Personal Credit Repair
Bankruptcy Removal
Private Student Loan Removal
Guarantee Funding
Foreclosure Removal
Chex System Removal
Seasoned Trade Lines
Retirement Plan Transfer to your Corporation
Car Repossession Removal
Credit Card Charge off Removal
Free Net30 Account Reporting
Dun and Bradstreet File Review
http://www.businesscreditamerica.com/index.html 1-800-652-7157

http://GoodCreditUnion.com Houston over at http://BusinessCreditAmerica.com had Good Credit Union to remove a Bankruptcy from Experian in less than 10 days. They also removed 2 inquiries off of Experian. Houston's fico score jump from 714 to 738 experian, 701 to 713 equifax, and transunion score increased from 743 to 765.

Check out http://GoodCreditUnion.com get your credit cleaned in less than 30 days.
100% MONEY BACK GUARANTEED

Every adult in America understands, how important a good credit score could be to your financial life.  We know that good credit means you're getting the best rates on loans when it comes to mortgages, cars, credit cards and personal loans.

Now, your dating life could be impacted by your credit.  Could you even imagine going on a date and someone ask you, how's your credit?  Most of us think this may be a little to personal for a first date, but for some of us, this is a fair question.

Let's think about how the lenders take a look at you financially.  When lenders see you have strong credit, they see you as a responsible person, someone that won't run out on your obligations.  That's the way your date would like to see you as well.  You're date feels that if you have strong credit, your a responsible person that takes care of their obligation and is willing to do what's necessary to make sure things stay on the right track.

Besides, there are way to  many resources to help you repair damaged credit so you can have good credit.  Also, we know how hard things are when you don't have great credit.

So the next time you're out on a date that's going well and your date ask, how's your credit?  You can say excellent,  just like this date.

Check out our site if your looking for Excellent Credit. http://www.goodcreditunion.com/ 1-800-652-7157

http://www.goodcreditunion.com/ 1-800-652-7157 Good Credit Union shares a tax tip and secret of the rich on why you should not buy a car with your taxes.  Use your tax return to get your personal credit fixed within 45 days then go and buy that brand new car with no money out of your pocket plus you get the lowest interest rate.  Once you have your personal credit fix then you go apply for a mortgage so you can move out of that apartment that you're probably paying 1000.00 to 1200.00 and month.  With good credit you can get a low mortgage rate and you'll pay less for it then when you were renting maybe like 900.00 a month which could save you up to 300.00 a month.  Don't buy anymore used cars get the car you want with your strong personal credit.

Check out our other services we offer.
2013 and Past Due Tax Preparation for Personal and Small Business Taxes
Business Credit Building with No Upfront Fee
Personal Credit Sweep
Personal Credit Repair
Bankruptcy Removal
Private Student Loan Removal
Guarantee Funding
Foreclosure Removal
Chex System Removal
Seasoned Trade Lines
Retirement Plan Transfer to your Corporation
Car Repossession Removal
Credit Card Charge off Removal
Free Net30 Account Reporting
Dun and Bradstreet File Review
http://www.businesscreditamerica.com/ 1-800-652-7157

http://www.goodcreditunion.com/ Good Credit Union offers Credit Repair Services to help you Get the best deal on a new mortgage, car loan, personal loan, or refinancing. GCU Group, Inc. also offers alternatives to Personal Credit.  You can have a CPN- if your worried about identity theft.  Many doctors, attorneys, dentist, celebrities, pro athletes use cpn's for identity theft and when they maximize their personal credit.
2013 and Past Due Tax Preparation for Personal and Small Business Taxes
Business Credit Building with No Upfront Fee
Personal Credit Sweep
Personal Credit Repair
Bankruptcy Removal

Private Student Loan Removal
Guarantee Funding
Foreclosure Removal
Chex System Removal
Seasoned Trade Lines
Retirement Plan Transfer to your Corporation
Car Repossession Removal
Credit Card Charge off Removal
Free Net30 Account Reporting
Dun and Bradstreet File Review
http://www.businesscreditamerica.com/ 1-800-652-7157

http://www.businesscreditamerica.com/ 1-800-652-7157 Business Credit America announces no upfront fees for Business Credit Services. We charge you 15% once the business if funded. In order for a client to get access to these privilages they have to have a 700 fico score with all three credit bureaus (Experian,Equifax,Transunion). If you do not have a strong personal credit score then you setup a consultation with Good credit union first and they build your personal credit, whether it be removal of foreclosures, bankruptcy's, chargeoff's, private student loans, car repossessions, judgements, or inquiries. They offer 100% money back guarantee.

Check out some of the other services they currently offer.
2013 and Past Due Tax Preparation for Personal and Small Business Taxes
Business Credit Building with No Upfront Fee
Personal Credit Sweep
Personal Credit Repair
Bankruptcy Removal
Private Student Loan Removal
Guarantee Funding
Foreclosure Removal
Chex System Removal
Seasoned Trade Lines
Retirement Plan Transfer to your Corporation
Car Repossession Removal
Credit Card Charge off Removal
Free Net30 Account Reporting
Dun and Bradstreet File Review
http://www.goodcreditunion.com/ 1-800-652-7157

http://GoodCreditUnion.com Houston over at http://BusinessCreditAmerica.com had Good Credit Union to remove a Bankruptcy from Experian in less than 10 days.  They also removed 2 inquiries off of Experian.  Houston's fico score jump from 714 to 738 experian, 701 to 713 equifax, and transunion score increased from 743 to 765.

Check out http://GoodCreditUnion.com get your credit cleaned in less than 30 days.  
100% MONEY BACK GUARANTEED.

(New scholarships posted everyday)

Students Seeking Education by Experiencing Academic America. (S.E.A.)
a Houston, Texas based mentoring program for high school students,

students at-risk, and college bound student, wanting to attend an
Historically Black College / University, (H.B.C.U.)

S.E.A will post a scholarship for minority students each day. If you are a high school, junior, senior or a transferring college student, these scholarships are for you!

FREE MONEY! We all know through life there is nothing Free;
you have to apply to receive this money.

Your cost is - time!

The time it takes to fill out the scholarship application.

Look for the S.E.A. blog each day, highlighting a new scholarship listing 2011/2012
SCHOLARSHIP OF THE DAY
2-2-2012

Do Something Awards Scholarship

Are you one of the nation's best young world-changers? Do Something Award nominees and winners represent the pivotal "do-ers" in their field, cause, or issue. In 2012 (up to) five finalists will be rewarded with a $10,000 community grant, media coverage and continued support from DoSomething.org The grand prize winner will receive $100,000 during the nationally televised broadcast.

Five $10,000 awards, one $100,000 award

March 1, 2012

http://www.dosomething.org/

Visit S.E.A.
Website: WWW.SSEEAA.COM

(For more information scan with you Smartphone)

Follow on Twitter @sseeaa2011

(New scholarships posted everyday)

Students Seeking Education by Experiencing Academic America. (S.E.A.)
a Houston, Texas based mentoring program for high school students,

students at-risk, and college bound student, wanting to attend an
Historically Black College / University, (H.B.C.U.)

S.E.A will post a scholarship for minority students each day. If you are a high school, junior, senior or a transferring college student, these scholarships are for you!

FREE MONEY! We all know through life there is nothing Free;
you have to apply to receive this money.

Your cost is - time!

The time it takes to fill out the scholarship application.
Look for the S.E.A. blog each day, highlighting a new scholarship listing 2011/2012
SCHOLARSHIP OF THE DAY
2-1-2011

National Sales Network Scholarships

The National Sales Network (NSN), an association of African American sales professionals, is giving out ten (10) $1,000scholarships. To qualify, you must be a college student interested in business, sales & marketing careers (full time student).

Scholarship winners will receive a $1,000 scholarship, an all expense paid trip and complimentary admission to the NSN Annual National Conference and Career Fair, an opportunity to interview with Career Fair companies, and a one year membership to a local NSN chapter.

The deadline for applying is April 1, 2012. To enter, go to http://www.salesnetwork.org.

Scholarship/Grant Amount: $1,000 Scholarship

Grant Deadline: April 1, 2012

Majors Targeted: Scholarship/

Grant Sponsor: National Sales Network

Award Type: Scholarship Money

Scholarship/Grant Site: http://www.salesnetwork.org

Visit S.E.A.
Website: WWW.SSEEAA.COM

(For more information scan with you Smartphone)

Follow on Twitter @sseeaa2011

MARTIN LUTHER KING JR. DAY

"I HAVE A DREAM"

(New scholarships posted everyday)

Students Seeking Education by Experiencing Academic America, (S.E.A.)

a Houston, Texasbased mentoring program for high school students,

students at-risk, and college bound student, wanting to attend an

Historically Black College / University, (H.B.C.U.)

S.E.A will post a scholarship for minority students each day. If you are a high school, junior, senior or a transferring college student, these scholarships are for you
FREE MONEY! We all know through life there is nothing Free;

You have to apply to receive this money.

Your cost is - time!
The time it takes to fill out the scholarship application.

Look for the S.E.A. blog each day, highlighting a new scholarship listing 2012

SCHOLARSHIP OF THE DAY
1-15-2012

Castle Ink Paperless Scholarship

The Castle Ink Paperless Scholarship is available to students who are currently enrolled in college or planning to attend college in 2012 or 2013. You must be a resident of the U.S. to be eligible for this award. To be considered, you must submit a short essay, YouTube video, tweet, or Facebook status that explains how you "reduce, reuse, and recycle."

Scholarship/Grant Amount: $1,000.00
Scholarship/Grant Deadline: March 31, 2012
Majors Targeted:
Scholarship/Grant Sponsor: Castle Ink Cartridges
Award Type: Scholarship Money

Scholarship/Grant Site:
http://www.castleink.com/_ink-scholarship-paperless.html

S.E.A. HBCU ADMISSION TOUR
JUNE 25-30, 2012

Visit S.E.A.
Website: WWW.SSEEAA.COM

(For more information scan with you Smartphone)

Follow on Twitter @sseeaa2011