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http://blog.startfreshtoday.com/2008/04/articles/
Just out of curiosity, what happens when someone defaults on a student loan?
And, not by choice mind you.
Imagine- a person w/100K in student loans, $5K credit card debt, car payment, mortgage etc. loses her job & can’t get a new one to cover those fixed expenses for whatever reason.
What if she defaults on the student loan? Nothing to seize/nothing to garnish is there?
What if this happens on a large scale?
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