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Been with payplan for 13yrs - help


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These companies have a business model that assumes a certain proportion of people will not pay part of their loans.  They recover their money by selling it off for 10% of its face value (of which a large amount will be onerous interest anyway) and can right the rest off against the tax they would otherwise pay.  They are happy to charge you high interest when you are paying and have the rest of us tax payers pick up the balance afterwards.

 

Don't bother worrying about the morality of you paying your debt, they are happy to have a milk cow.   Stop paying until they are able to make you pay, almost certainly none of them will be able to.

 

Just make sure they all know where you live now so they do not send letters to the wrong address.

 

Then never speak to them.  Written communications only and even then only if absolutely necessary.  Just because they write to you it does not mean you have to write back.

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