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Student Debt
Posted by david-george on June 24, 2024 at 12:00 pmGuys, Just wondering if anyone has explored retiring Federal Student Debt here in Australia and what process should be adopted?
morag-janet-of-the-hill-family replied 12 months ago 2 Members · 2 Replies -
2 Replies
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Here’s something from NZ bekow. And this is from Dean Clifford…”
Q…Is Rob Menard’s student loan strategy a winner?
(He believes that the lawful tools of set-off and deduction are available to you to
discharge you student loan debt and thus exercise your rights. There is a very simple
reason we are in so much debt; it is because we have unlimited credit, and have not
been using it.)
A..It’s a commercial fix, a commercial remedy and yes it does work, but read the
definition of vested benefit again. Are you in a position to exercise it; the benefit and
the person? If the answer is no, sometimes they go through, but a lot of times they
don’t. They used to at first until the system caught on to the fact that ‘Oh no wait wait
no that’s not the party with the vested benefit’ They’re doing things with the person
that they don’t have the authority to do because that was something they gave away.
So the rights of the person/corporation in commerce, were vested to another and
until that is taken back his method can fail….”
If you get into a situation where you cannot pay there are remedies for that as well.
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Some people had paid it with a BOE back in 2002, I don’t know anyone who has done it recently. Maybe you could give it a crack of the whip?