hi.
i acknowledge my memory is sketchy, but i have a memory of a car being given to me several years ago, i think as a birthday present. 2008-2009ish, i think. i was told that i could get the car if i got a license. i responded by saying that i didn't want a car (and i still don't...), and i'd rather see the money put towards paying down my debt. nothing further was ever spoken of it. i think it was blue; i don't even know the names of current car manufacturers.
it's many years later, and my debt is pushing $70,000. now, the blunt reality is that i should have never qualified for a loan in the first place. there's a student loan bubble building that is going to crash the economy, and the end result is going to have to be stricter lending practices. the idea that just anybody can take an interest-bearing loan of that size out is preposterous.
my father always promised to me that he was going to pay some of it down, and the reality is that the bulk of it is the result of going back to school - which i initially only agreed to on the condition that it wouldn't affect my loan, and which was reneged upon at the last minute.
had i taken that money at the time that was wasted on a stupid car and put it down, the debt wouldn't be growing out of control.
now, the chances of me paying this debt are zero. it's just going to keep growing, and there's nothing the state can do about it because my income is roughly half of the poverty line. my monthly minimum payment is twice my monthly income. it's an impossibility, and there's no use in pretending otherwise.
that said, they're threatening to hold a lien on my tax return if i don't address it, somehow. i think i can probably fight this, but then i'll have to go through the process again every year, while the interest spirals out of control. it's really just a stupid situation.
so, whatever happened to the car? and, is there any way i can gain access to it, in order to cut the debt down a little?
j