OSI Student Loan

You wont get it. Technically you are not in a rehab program per se. Rehab occurs when you make the 9th payment and then your account is rehabbed. You are simply qualifying for rehab now.

We were never permitted to send out any letters of this type...didnt matter what they were for, we couldnt do it. Too many people abused these types of letters in the past to get credit, buy homes and the guarantors stopped approving them. It is not the CA's choice. You are simply in default.

Ok I understand that others have abused this, then my question is why am I being told that the letter is being sent out and that I am in the program. They have already taken the 1st payment out.

The term "program" really means nothing. You are simply making qualifying payments. Once you make the 9 payments, your loan will be rehabbed thru the rehab program...the program is the rehab payment itself...the loan being funded.

Dont know why they would not just say no to the letter...it aint allowed. I used to work for OSI ...worked those accounts for almost 10 years.

Well thank you for telling me cause all they are doing is giving me the run around and prolonging me from starting my new job.

Think it is time you put the blame where it belongs... on yourself. You defaulted on the loan,not them and it sounds like you only bothered to get around to pay on this when it was convenient for you. Consolidations and rehabs have always been there. Consolidations under the ICR fit every budget.

Soaplady, are you single :?: :oops: :shock: :!:

Whoa whoa whoa, I'll tell you like this I can take some of the blame as far as my account going into default, but not I can tell you worked for this company you have the same attitude as them. You don't know my situation and why I did default just like they didn't. So until you know a persons situation you shouldn't talk. Thank you for your advice but besides that keep your comments to yourself!!

i love people who come on and rail when they don't hear what they want to hear.instead of pointing fingers.use the thumb instead.

censorship only when the voice of reason is the voice of stupidity and nonsense.post again,deleted again.by the way SOAPLADY has forgotten more about student loans and how they work and how you owe than your feeble mind will ever comprehend.

Your feeble mind assumes too much. I Don't Owe.

(MY OTHER PREVIOUSLY ERASED STATEMENT)

I see you erased my previous statement and changed your name from SOAPLADY to paulmergel. I see that you don't want people to have good advise as well. Here's food for thought. Why block people from getting a job when they are in a financial crisis? Give up? Because you want them to be in financial ruin so that you can control them for the rest of their lives.

Slavery is alive and well in America!!! So is Censorship obviously.

(MY PREVIOUSLY ERASED STATEMENT)

To shed light on the direction SOAPLADY's coming from, she probably doesn't have a higher education of any kind (judging from her use of grammar) as you don't need one to work for a collections agency and she probably still works for them which means you probably can't take everything she's saying for the gospel truth. You might need another adviser to give you advise.

If truth can be told about student loans, once they get their talons into you they never let go so whether you go into default or not it's more or less all the same unless you find a way to make an incredible amount of money soon afterward which is becoming more of a thing of the past now a days for most graduates. The best advise would be preventative advise. Don't Go To College, It's a Financial Trap. The best thing to do is find a business venture that does not require a schooled education and that can be learned out of a book or books bought from the store or checked out at the library. If not something like that then a job that pays well and has potential for climbing a corporate ladder that does not require a degree (Like the SOAPLADY's job). That last one is getting harder to find unless you want to take a job bullying people around about not having enough money to live and having to pay through the nose for past degrees earned for jobs that are obsolete by the time you graduate so mostly going independent with a business will be the best thing. Starting a business is easier than you think. That would be my advise. There are plenty of good books on that. Even an idiots guide will do.

you made my point humanoid.i meant anyone owing.i'm locking this as you have hijacked this thread.

Just reopening it briefly to reply Paul.


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