Santa Rosa, CA asked in Bankruptcy, Contracts and Education Law for California

Q: I am in a financial debt that I am not suppose to be paying. How can I stop paying this loan?

I went to study abroad only because the program was going to help me pay my tution. When I arrived to the other country they said "sorry we can't help you. Get a student loan." I was in serious frustration and started to worry a lot because I did not know this was going to happen to me. The program director knew he messed up and until this day he does not answer my calls or messages. My interest rate varies from 3.0-10% which is insane because I do not make enough income. It has happen to students in the past, just that they don't do anything about it. I want to because this is not ok. My health is not good after they did this to me and now I am attending therapy classes. I need serious help because my credit is getting worse because I am not paying the loan.

2 Lawyer Answers

A: I suggest you seek advice from an attorney in your area - perhaps a general litigation attorney or bankruptcy attorney. There are insufficient details in your submission for me to respond with any specifics. For instance, is the loan you have a student loan obtained from the Dept. of Education or some other such agency. Do you have other debt; are you employed? These are some of the items you need to discuss with an attorney to see what options you may have.

A: Contact a bankruptcy attorney near you and determine if this debt is dischargeable it’ll not. While most student loans are not, the circumstances of this one may be different. Additionally, much more information is needed to properly resolve this issue for you.

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