Bill Lowrey 🇺🇦🌻
David Gerardon student loan debt
save a life today
Jeremy KahnHoly s—t now I wish SBF had turned his investor-bullshitting powers and shoddy record-keeping towards the student loan consolidation industry
Jesse@trochee @davidgerard That would have made the altruism too effective.
In my wholesome headcanon, that kind of effective altruism is an extremely long con
Many Colors, Many Forms, Many Flavors, Maybe More
one non-non-blonde@davidgerard does his thread explain how to do it?
@chairgirlhands no idea sorry
Meatwharf15@chairgirlhands @davidgerard Here’s the letter where he initiates the process. But he warns that it’s just an example specific to him, and not to use it yourself without talking to an attorney.
Ricardo Harvin@davidgerard Using the system as it's designed 👏🏿
Nemo_bis 🌈@davidgerard Keeps the #CFPB busy too:
https://www.natlawreview.com/article/us-court-appeals-third-circuit-agrees-to-hear-interlocutory-appeal-cfpb-enforcement
https://www.natlawreview.com/article/us-court-appeals-third-circuit-agrees-to-hear-interlocutory-appeal-cfpb-enforcement
U.S. Court of Appeals for the Third Circuit Agrees to Hear Interlocutory Appeal in CFPB Enforcement Action against Student Loan Trusts
On April 29, 2022, the U.S. Court of Appeals for the Third Circuit granted a petition for permission to appeal in Consumer Financial Protection Bureau v. The National Collegiate Master Student Lo
MugsysRapSheet Blog ☑️@davidgerard
Interesting concept.
I suspect this "solution" has FAR broader application than just #StudentLoanDebt. (Think: #MedicalBills bought up by collection agencies.) 🤔
WOKE MOB CAPTAIN⚠️
Kee Hinckley@davidgerard @CZEdwards It worked for suing over home loans.
Bill Cromie@davidgerard
https://daisydebt.org/ Automates the process for financial counselors.
Wonder if it could be opened up to folks who hold student debt?
🏴S T R E P S I R R H I N I🏴
Zeke@davidgerard appears it may only be an option for private student loans?
DOME@Zeke @davidgerard It’s also a pretty big gamble the debt collector doesn’t have the documentation. For one you’d need to get to the point of your debt going to collections in the first place, which will hurt your credit substantially (even if it’s just in the short term assuming you win) and if they call your bluff and have the info you’re still screwed. I’d say this should only really be considered if you have, or planned, on filing for bankruptcy.
Rhees The Fox@davidgerard Assuming this was a private loan (not a federal subsidized or PLUS loan)?
Eli the Bearded@davidgerard Is there a clear how-to on doing this?
LindaNYC2VT Ⓥ 🌊🐖🐄🐓🦃🐬🐝🦋🦇@davidgerard highly recommend.
stel ✨@davidgerard "anyone can do it" but doesn't say how :[