Quote:
Originally Posted by Wazu
It's a slow build to $11,200. Oh, and he gets to deal with creditors for the next five years harassing him. And a destroyed credit rating. (Note: this may not be important unless there are job opportunities that require a credit/background check.) And at the end of it all he would be counting on nobody changing the "forgiveness" rules.
No thanks. If you can shed that monkey, then do it.
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Not sure where the creditors stuff came in here. I'm not talking about passing on required payments. In fact, to de-simplify it a bit, it's currently sitting at $25k with a $200 minimum monthly payment. By my calculations, if we just pay that minimum for 5 years, it'll be sitting at around $17.5k.
Like Saul Good, my credit's at around 800, and the wife is at around 785. We're not in trouble of screwing up here. It's purely a matter of what the best approach is for the situation.