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Posted in Student Loans
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Rstyle007

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how do you get rid of ecmc collection
i have a student loan from 1999 in the amount of 5100
i left the school after 6 months so i did not complete
i filed bankruptcy in 2008/2009 the student loan is still there
it is currently in collections under ecmc and is now 8400 after interest
how do i get rid of this completely?

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Sorry, you don't.

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Student loans are generally not dischargable in bankruptcy and do not drop off the credit report after a specified amount of time like most other financial instruments do. Whether or not you completed school has nothing to do with your obligation to repay this loan.  There is no contingency clause stating that the loan would be forgiven if you did not complete the course.  It is a financial obligation that was issued on your promise to repay and that is your obligation.  The higher balance showing is due to the interest accumulating, as it would on any other loan.  Thjis loan will not vanish until it is paid, so I suggest working on doing so right away.

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