Collections on my Delinquent Student Loan

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Collections on my Delinquent Student Loan

Post  freeman814 on Sun Mar 10, 2013 10:07 pm

I just discovered OPPT in the past week or so. Still trying to feel into it, reading a lot. Trying to believe its all true. Want to believe it...

Coincidentally, or not, I also just received notification from a collections agency calling themselves the OKLAHOMA COLLEGE ASSISTANCE PROGRAM (btw, who are they assisting???) that my account is delinquent. I really want to try out the CN on this but it feels HUGELY scarey to consider. I have not made a decision to send a CN at this point as I am still too much on the fence, not trusting, but I suppose I'll start this process with the following. Please feel free to offer guidance, suggestions, etc.

Here is the text of what they sent to me in an email the other day, including a bunch of "small print" at the bottom:

As guarantor of your student loan, we’ve been notified by your lender that your loan is delinquent. Immediate action is necessary to bring your loan current.

If you allow your delinquent loans to default, you risk:

Additional collection cost up to 19% - - that’s an extra $1,900 on a $10,000 balance.
Wage garnishment.
Defaulted credit bureau rating.
State and IRS tax offset.
Please contact your lender immediately to make payments to bring your loan current. If you are unable to make payments, you may have other options, like deferment or forbearance, but you must communicate with your lender to determine if you are eligible.

If you have any questions about your student loan or do not know who your lender is, contact us at LetUsHelp@ocap.org or call us at 855.558.8114, Monday-Thursday 8:00 a.m. to 9:00 p.m. or Friday 8:00 a.m. to 5:00 p.m. For more information about student loan repayment, visit our Repayment Scoop Facebook page Facebook.com/RepaymentScoop.

Sincerely,

Oklahoma College Assistance Program (OCAP)
Default Prevention Department


Note: This communication and attachments, if any, are intended solely for the use of the addressee hereof. In addition, this information and attachments, if any, may contain information that is confidential, privileged and exempt from disclosure under applicable law including, but not limited to, the Privacy Act of 1974. If you are not the intended recipient of this information, you are prohibited from reading, disclosing, reproducing, distributing, disseminating, or otherwise using this information. If you have received this message in error, please promptly notify the sender and immediately delete this communication from your system.

This e-mail has been sent to you by OKLAHOMA COLLEGE ASSISTANCE PROGRAM. To maximize their communication with you, you may be receiving this e-mail in addition to a phone call with the same message. If you wish to discontinue this service, please inform OKLAHOMA COLLEGE ASSISTANCE PROGRAM either IN PERSON, by US MAIL, or by TELEPHONE at 405-234-4352 or REPLY TO THIS EMAIL.


One big question I have, especially relating to my very big student loan, is: If I were to go ahead with sending a CN, provided I could figure out who to send it to, what kind of protection do I have? I mean, I understand that there are a lot of charges that I could "say" they owe me if they enter into the contract with me, but who will enforce that? I can imagine someone on the other end responding by saying:
a.) Wow! I better just cancel this debt and let this guy go free!" OR
b.) What a joke. I'm not going to pay this guy any of those charges. And I'm going to get the court system to jump his ass because they are more likely to stand my me (Respondent) than him (Proponent). ...that's the scenerio I'm afraid of.

Your thoughts?

freeman814

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Re: Collections on my Delinquent Student Loan

Post  Marbolot on Sun Mar 10, 2013 11:08 pm

Before you make any decision about whether to disregard the offer contained in the deliquency letter and use a Courtesy Notice instead, please do your own homework, read the guidelines documents provided by
the Courtesy Notice authors (Hales, Bartle & Bartle) and listen to
ALL of the audio discussions.
The Courtesy Notice is not about making anyone pay you fees or even "canceling" your "debt". Ideally, you do not ever want anyone to pay you (if it goes as far as invoicing, you want them to request the waiver). And if you are in the frame of mind that you still have a "debt" that you would like someone to "cancel" for you, then, frankly, you are not ready to use the Courtesy Notice.

The Courtesy Notice is primarily an educational tool to share the achievement of OPPT with your fellow man who is still (like most of us, even those of us who know about OPPT) entrenched in the Slavery System.

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Re: Collections on my Delinquent Student Loan

Post  freeman814 on Mon Mar 11, 2013 12:06 am

Thanks for these links and for your perspective. Yep. I still have homework to do.

In regards to what you said:

"The Courtesy Notice is not about making anyone pay you fees or even "canceling" your "debt". Ideally, you do not ever want anyone to pay you (if it goes as far as invoicing, you want them to request the waiver)."

I guess what I was getting at had to do with whether I, by beginning this process, would be puttin in danger of say, going to jail, etc. I read an article about some guy who is in jail for 27 years for following OPPT guidelines. Is that true?

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Re: Collections on my Delinquent Student Loan

Post  Marbolot on Mon Mar 11, 2013 12:54 am

freeman, you have to read the Courtesy Notice yourself, understand what it takes for a person in the Slavery System to "go to jail," and decide for yourself whether sending a Courtesy Notice to someone (as one individual to another individual) fits the description of something that would lead to arrest and jailing.

As for Patrick Cody Martin, it is highly unlikely that he "followed OPPT guidelines," and even if he did, that following OPPT guidelines led to his conviction and sentencing to 27 years in prison. Here: Read the DOJ press release.

Alvin Man Gets 27 Years for Multiple Bank Fraud Convictions
[url=http://www.justice.gov/usao/txs/1News/Releases/2013 February/130225 - Morgan.html]http://www.justice.gov/usao/txs/1News/Releases/2013 February/130225 - Morgan.html[/url]

For more of the inside story of Cody Morgan, see http://oppt-in.com/patrick-cody-morgan/

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Re: Collections on my Delinquent Student Loan

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