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STUDENT LOAN THIEVES AND SCAM ARTISTS

Ravenda Dallah · Monday, October 13th 2008 at 8:29PM · 404 views
Twenty-two years ago I tried to follow my dream and become Fashion Illustrator sso I could hone my drawing skills. I was working for Ford Motor Co. and a single parent of my daughter who was three years old then. The school was great and seemed to be doing well for me. My job had laid us off for a few months and I was going to school during the evening. I asked them if I got ccalled back to work could I change my class to the day class They said yes. When my job called me back, the school had changed their mind and said I couldn't switch schedules. I could not decline my job as it was my only income. I was forced to leave the school. I had taken a student loan out for $2500 and was told I still had to pay for it. Then I found out the school closed down not long after I left. So now I was stuck with this loan. Not long after that my job laid me off again indefinitely after lonly a few months back. So i paid as long as I could to keep up with the loan but unemployment income was not enough to substain and my income tax for the state was regularly taken over the years towards the loan since I couldn't pay it back. Now here we are twenty something years later. The loan had been refinanced two or three times so I could get back on track through the off again on again employment during the Reaganomic era, then the Bushwhacked era So despite the money already taken from me over the years, through wage garnishment and income taxes, can you believe that this $2500 loan has turned into a $10,000 loan? Now of course, with me trying to pay it back and being told there is nothing I can do about it, it's down to a little over $4000. Now correct me if I'm wrong, but this wasn't a car , or a house. I have paid almost three times the amount I borrowed and it keeps getting bigger and bigger each tme economical issues come my way. I know there has got to be a law out there that makes this illegal. Right now they are tacking on 30% of my income which is more than a car payment. Approximately $400 a month! I have to work overtime to make up the difference since my health insurance along is a $300 a month deduction from my income. That makes a $700 a month instant deduction every month Am I now working for this State backed finance company? Can somebody with some legal expertise tell me what to do next?

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Ravenda Dallah Clementon, NJ

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