Since when is it your business to tell people what they should and shouldn't do? Nice that you can pay all your bills without a worry. There are those who cannot, and not by their own fault or desire. Get off your high donkey and mind your own business.
Worse still, the non-word used was "borrowered". Angry, illiterate shills for fraudulent companies browbeating other commentors never realize how they sound.
Do not know - do not want calls from this number
Wtg Sundevil. Anytime someone calls you constantly and its an unwanted call, is harassment plain and simple. Whether its a debt you owe or not. To tell someone to just "pay it" is absolutely ridiculous. It could be from any number of reasons. What if the bill is 10, 000.00. Does Piper have the ability to "just pay it"? I say just "pipe" up.
Do you speak English?
these people have called me repeatedly, and leave no messages. I do not answer numbers I do not know, so just let
this go to voice mail. They do not leave a message, but continue to call.
I get these calls all day long. This number and many others. I solved the problem by leaving the FAX machine on. After a few days that number stops calling, but a new one starts up, but it has cut the calls by 70%. A new trend now is to call on Saturday and Sunday, but my friend FAX still handles the calls.
If it was important, they would leave a message. No message, just call after call. I do not answer calls from numbers I don't recognize. Sorry, but that's just the way it is. Any legitimate caller will leave a message. As far as I am concerned this number is from a scammer. It is harassment if they call repetitively and do not leave any message.
They have several numbers that calls are made from so if you get one in the morning chances are you will get another one in the evening. I called them back and they said they were looking for someone (I won't use their name). I have had the number for two years so they could have the wrong area code (412 instead of 724). The person that took the call was polite and said the number would be removed.
Anne once again, it was a Republican law...look it up and stop with your Obama hating. You are a deadbeat and get over it.
I 2nd that! Republicans like to talk personal responsibility......for others that is.
Moron, the law was a Republican law...look it up. While you Republicans like to live in a bubble, we live in the real world of facts.
What a do***e bag, maybe she is right. I went to a school that was only out to scam student loan money. I paid my loan and guess what my schools credits are worthless. So why don't you shut your mouth and open your anus and pull out the stick.
They continue to call my cell phone asking for someone that I know... It's not even me that they want! My number is listed on the NDNC database. I really want them to stop calling Me. I can not, and will not assist them in anyway... It has now become herrassing and an annoyance.
30fold Benefits Group
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I have been getting calls from these people for months. I have left them messages on their machine and even gave them my number explaining I just purchased this phone and I'm not whomever they think I am. So they call every day and I ignore it. Again, I am NOT in debt.
I agree it's an easy concept however I keep getting the same calls (apparently my new work cell was attached to someone who didn't pay their bills) and I have told them several times to remove me and they agree but then never removed - that is harrassment
Got a call from this number today 4:44 p.m., missed the call, called back, young lady answered the phone, it appears I caught her by surprise. I advised who I was and my reason for returning the call, she never said anything other than hello, and simply hung up the telephone on me.
I was polite, courteous, professional, why hang up on me because I called you back to ascertain why you called my home in the first place, and they wonder why people really choose not to deal with them, that was so very rude of this young lady to simply hang up and not entertain my questions regarding the reason for the call.
You need to find out how to go about sueing them.
Sign up at:
very good point, but what about people like me 50 years old who don't owe a student loan and has never had a student loan but get these calls 8-10 time a day from these people. I have told them more than 10 time I am not the person they are calling for and they have the wrong number. I was told they will call this number until the get the person they are calling for. Reporting this as harrassment has not changed the calls. So now I turn off the ringer and screen my calls since I have had this number for 10 years. I now use a cell phone which my family call me on now. I am considering changing my home number, its ashame to have to do this to get peace. but for now they can call for 100 years they will never get who they are looking for because they don't live at this number.
that number is very bothering me keeping calling many times a day! Why didn't anyone stop them?
I got call from this number very bothering me
Are you saying the department of education makes people default on student loans???? I almost positive that it is peoples own doing.. And yes..it is a profit for them because every time a defaulted loan gets sent off the another 3rd party collection agency..they are allowed to add 25% for collection fees to the account. Also, the federal goverment can garnishish up to 25% of your disposible income. If you want to argue with me about it do so...but I personally used to work for one of these 22 companies contracted by the department of education and did garnishments for them. As in my last post..I stated that how they practice is sometimes unethically..but legally becuase they are a 3rd party they barely fall under the FDCPA and can say what they want and have numerous tools to find you!
The financial incentive to default loans, and examples
Analysis of IRS 990 filings of federal student loan guarantors proves without doubt that the income derived through this fee system is vast, as evidenced by not only the income of the guaranty agencies, but also by the salaries, bonuses, and perks taken by the executives who run them. This fee system is, indeed, the lifeblood of these organizations, who derive about 60% (on average) of their income through this legalized wealth extraction mechanism. Clearly, it is in the guarantors financial interest that students default on their loans. In fact, were there no student loan defaults, the guarantors would barely exist.
Additionally, it is often in the financial interest of the lenders that students default. Large lenders derive income from not only lending and servicing operations, but also from collection assets (and even guarantor assets in the case of Sallie Mae) owned or controlled by the company. This leads to the common situation where a loan is defaulted by a lender, becomes vastly inflated with unverified and unchecked collection costs, and then becomes a revenue stream for the guarantor and collection company...all potentially owned (or controlled) by the very same lender! A defaulted loan clearly can produce far more revenue for the system. It is obvious that this structure gives the lender/guarantor/ collector entities a perverse incentive to default loans rather than providing customer service aimed at helping the borrower avoid default.
Indeed, Sallie Mae's own annual reports provide compelling evidence of dramatic profiteering from defaulted loans: In the 2003 annual report, The Sallie Mae CEO brags to shareholders in the opening remarks that the company's record earnings that year were attributable to collections on defaulted loans. The company's "fee income" increased by 228% between 2000-2005, while their managed loan portfolio grew by only 87% during the same time period.
It is a matter of record that lenders actually defaulted student loans without even attempting to collect on the debt! In 2000, Sallie Mae paid $3.4 million in fines as a result of the U.S. Attorney's office discovering that the company was invoicing for defaulted loans where the borrower was never contacted. Rather, records were fabricated to indicate that the borrower had been contacted. Similar cases were settled with Corus bank and Cybernetic Systems.
There is also some evidence that suggest this tendency to default borrowers is by design rather than a mere result of circumstance. In 2007, an employee of the Kentucky Higher Education Assistance Authority, KHEAA, contacted StudentLoanJustice.Org by email, and submitted that the agency managers had purposely marketed loans to poor, disadvantaged communities in the expectation that these citizens would default on their loans, thus be "on the hook" for the fees and penalties that would result-extractable through garnishment of the income sources mentioned previously. This raises serious concerns, as it clearly implicates KHEAA in engaging in predatory lending. The text of these communications was forwarded to the Department of Education, and it is unknown what, if anything, resulted).
Obviously, collection companies prefer that loans default. Guarantors clearly share this preference. That lenders and collection companies also share this financial motivation is sufficient, to characterize the lending system as predatory, since the lending system clearly has both motive and means to act in such a way as to encourage default, rather than being motivated to act in a way that avoids default.
An unbiased observer should rightly object here, and point out that there is governmental oversight that should prevent this sort of activity. After all, at the end of the day, these defaults must certainly be a drain on the taxpayer...right?
Wrong. It was reported in January 2004 by John Hechinger (WSJ) that for every dollar paid out in default claims, the Department of Education would recover every dollar in principal, plus almost 20% in interest and fees. Further, supplemental materials in the president's 2010 budget show a recovery rate for defaulted FFELP loans of about 122 %. This is the amount recovered compared to the amount of the loan at the time of default. Compare this recovery rate to that for defaulted credit cards, which is usually about 25 cents on the dollar, and one can see that defaulted loans are clearly not costing the Department of Education money. In fact, simple, comparative analysis shows clearly that the reverse is indeed the case. In other words: The Department of Education is making more money on defaulted loans than loans which remain in good stead.
Therefore, all entities involved: The lenders, the guarantors, the collection companies, and even the Department of Education and its agents have a financial incentive for student loans to default...and this all is a direct result of the lack of consumer protections and the draconian collection powers that exists uniquely for federal student loans as described above.
Been There..Did That
If you people who want to sit here and complain about a number calling you all day...look the company up on the bbb. There are a legitimate company..and to who ever it concerns they do NOT HIRE convicts. NRI (National Recoveries Inc) is a 3rd party debt company contracted by the department of education to collect on federally defaulted student loans. If the people who made a living would pay back what the school did for them and how they are making all that money then we would not be in debt billions of dollars just from student aid. Yes..there practice of collections is a little different from other people..but again they are a 3rd party so they skim across the FDCPA. They have to ability to pull credit reports, see phone number and address listed to you and people affiliated with you for the last 10-20 years. WHAT DID YOU THINK WHEN YOU DONT PAY THE GOVERMENT BACK THEIR MONEY. POSITIVE THE IRS DOES NOT GIVE YOU A BREAK ON THEIRS. And for people who want to sit there and say that the loan is 10+ years old or I did not even get a job out of the ordeal...news flash..school dont promise salary or employment, and there is no statue of limitations on student loans-you cant discharge them on bankruptcy..you cant just not pay them and expect them to go away. You wanna bi*** that our company is in so much debt..pay back your loan to be a doctor..attorney..teacher.
And a fyi...
They will garnish paychecks..ssi..ssi....
This outfit is calling my elderly mother at a number she has only had for 7 years. The catch? They are asking for me by maiden name (I've been married over 15 yrs) in reference to a guy that I dated briefly in college 20+ years ago! We've asked them to remove the number twice, which they kindly say they will do. But they obviously are not. /sigh
I have been recieving calls from this number a lot this week till i don't even answer. like someone stated they don't leave messages either. They asked for a laura willis. nver heard of it. called them back and told them i'm changing my number while yall calling and keep asking for different names.
You know..we'd pay our bills if and I will speak for those of us that are disabled..IF WE COULD, WE WOULD! but thanks to the new legislature that Obama signed to recover his deficit he's making larger for the USA. This new bill he signed say he can take it out of our checks, that's yours and us that are on Disability whom make very little to begin with.
So, think before you type...some of try to do our best as we can. Not all of us can work and make eve 24K/yr.
As the saying goes, "OPEN MOUTH, INSERT FOOT".
I get calls from them too. My student loan is like 28yr old and they are taking it out of my SSDI check and this is thanks to Oboma's new law to help recover the deficit. I've filed the correct documentation from my doctor for a Discharge due to disability, but getting calls from NRI now like at all hours of the day, night, and even weekends.
Actually they called me a few times as well regarding someone that I use to know, I don't know how they received my number but I asked them nicely to take my name off their list and they did. I actually had to call them back because I kept missing their call. I think they are willing to take your number off if you just tell them they have the wrong number. Just FYI.