when is a student loan NOT a student loan...
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Posted by jm10101 (198.80.153.10) on July 25, 2002 at 11:02:01:
During grad school, I obtained a loan from a major computer manufacturer for a new computer. Needless to say, I didn't pay on it for long. I ignored the first CA that appeared, but was really spooked by the second [ I know...I was ignorant ] and agreed to pay a reasonable anmount on it each month. I've been faithful for a couple years, actually increasing my monthly payment and, in turn, they have been reasonable. While they make inquires on my CR once or twice a year, there is no collection tradeline. On to my questions: This is always referred by them as a student loan that cannot be discharged by BK. I understood the only student loans that cannot be discharged are those guaranteed by the fed. I don't think this is the case for my loan...How do I find out for sure? If it is a student loan, is it eligible for rehabilitation? Are all student loans eligible? What are the rules for adding interest and fees? When I started dealing with these guys, the total due was about 3x the original principal.
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