Ever get a call from "Sandra Thomas" about student loans?
7 years ago
Featured Answer
Sort by:Oldest
Comments (18)
Related Discussions
Getting calls from neighbor's creditors
Comments (23)This is called skip tracing. I did debt collections about 10 years ago. It's normally a total last ditch effort to track someone down. You all may seem incredibly annoyed by it, but once in a while you get someone really chatty when you ask if they about someone's whereabouts and you get a good lead. May seem annoying - but realistically they're trying to find folks that owe tons of money, this isn't to chase down debts under $500 it's normally for thousands if not tens of thousands of dollars. Someone CANNOT say, hey I'm looking for your neighbor he owes money. They also are not supposed to tell you they're a creditor. The lines blur a bit state to state about what you can say, but all are covered by the FDCPA. I remember one time I called to get info, and they were like, oh hey he's out in the yard I'll get him on the line. It works, that's why collection agencies do it. One other thing, they may not necessarily be looking for someone's whereabouts. They may be looking to find out random things, where is someone working, etc....See MoreHow to educate college son about loans?
Comments (21)I imagine it must be difficult to want to help your child every step of the way, to make their lives easier, perhaps, than your's was at their age. I don't have kids so I've avoided that minefield. But boy do I ever hear from my friends and their kids, lol. I think about how my parents were with my brother and me (both are now dead). They were pretty much "all about" getting us to a stage where we knew right from wrong, listened to our consciences/inner voices, knew how to discern between "need" and "want", and were able to figure how and when to indulge "want" with minimal worry about how to fund it. Teaching us to be honest, resourceful, and hard-working was their goal. "Lazy" and "entitled" were probably the two worst things they could ever have called us; and the same could be said of the helpmeet and his brothers. I hate to come down too hard on young people in general, because I know many fine, hard-working, industrious kids. But I do think there are a lot more very pampered, spoiled kids now and I have to say I hold their parents responsible (parents who are my age!). I think it takes a lot of guts to post the sort of question you did, Wigardener., would that more parents did! You're right on this one; accountability and responsibility build character, even though the adjustments can be bruising (for both of you). You're right on this! don't let the "guilties" eat away at your resolve. Remember, much as you may want to, you are not in a position to foot the college bill. One day your son will reflect on this time in his life (the way I have in the past few years) and he will arrive at new appreciation for all you've given him....See MoreDo we need to get married to qualify for a conventional loan???
Comments (13)Thanks, everyone! This is a small town, and the loan officer at the local credit union did seem to think that national banks might be more lenient? Of course, the credit union's fees are much lower than the banks I've tentatively looked at, and I had wanted to work with them because that's who I've gotten loans from in the past, always paid on time. :( Bill: The loan officer's fees were separate from the closing costs, in addition to them, and labeled as loan officer's fees. All the usual fees were also listed. The problem with living in a small town is there is not a lot of competition around, so fees are hiked up for EVERYTHING just because they can be. This county, incidentally, frequently has the highest price of gas in the continental U.S. It's just like that for everything - but it is a gorgeous place, very mild climate, surrounded on one side by the Pacific Ocean and pristine forests on the other, so people get really attached to this place despite the hassle. The credit history thing is really frustrating. I've even paid rent that was higher than the cost of this mortgage at the credit union (if I had qualified by being in business a few months longer). I have a phone appointment w/ Bank of America today - I'll see how that goes...(We don't even have a local loan officer for B of A, apparently)......See MoreAbout to get fired from my job, decision on income...help
Comments (275)"If they get approved for the loan those far more educated and experienced in evaluating finances will have made the decision." The problem with those far more educated and experienced... is that the risks to them are spread out and will likely have little impact on their day to day lives. The person who locks themselves into a loan (or situation) that they cannot handle, is likely to suffer much more. I agree that a 50% down payment is wonderful and if you were talking about somebody who knew what they wanted out of life and had demonstrated the means of getting it, the risk would be lessened. However, somebody who is still in the midst of trying to figure things out and whose income potential is limited, even a 50% down payment is not optimal....See More- 7 years ago
Related Stories

DECORATING GUIDES10 Design Tips Learned From the Worst Advice Ever
If these Houzzers’ tales don’t bolster the courage of your design convictions, nothing will
Full Story
PETSSo You're Thinking About Getting a Dog
Prepare yourself for the realities of training, cost and the impact that lovable pooch might have on your house
Full Story
KITCHEN DESIGNHouzz Call: Tell Us About Your First Kitchen
Great or godforsaken? Ragtag or refined? We want to hear about your younger self’s cooking space
Full Story
REMODELING GUIDESGet What You Need From the House You Have
6 ways to rethink your house and get that extra living space you need now
Full Story
FUN HOUZZEverything I Need to Know About Decorating I Learned from Downton Abbey
Mind your manors with these 10 decorating tips from the PBS series, returning on January 5
Full Story
HOUZZ CALLEver Found or Left a Note in the Wall the Way This Couple Did?
The remodeling couple whose note from previous homeowners went viral tell us about their fun find. What’s yours?
Full Story
ARTShow News: Rare Quilts Get Museum Time
See 6 intricate designs from a California exhibition and get tips for building your own quilt collection
Full Story
ARCHITECTUREEnergy-Saving Ideas From 3 Affordable Green-Built Houses
Get lessons in budget-friendly green building from design competition winners in New York state
Full Story
DECORATING GUIDESFrom Queasy Colors to Killer Tables: Your Worst Decorating Mistakes
Houzzers spill the beans about buying blunders, painting problems and DIY disasters
Full Story
ORGANIZING7-Day Plan: Get a Spotless, Beautifully Organized Kitchen
Our weeklong plan will help you get your kitchen spick-and-span from top to bottom
Full Story
marilyn_c