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(FOX6Now)   Substitute teacher discovers student loan debt suddenly at $3.9 million, wonders where he got a second bachelor's degree. Fark: The amount owed was his Social Security number   ( fox6now.com) divider line
    More: Asinine, Debt, Heartland ECSI, teacher Robert Theis, Credit, social security number, student loan shocker, Federal Perkins Loan, Loan  
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6628 clicks; posted to Main » on 14 Nov 2017 at 3:20 PM (4 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

4 days ago  
17 votes:
Lol, subby where did you get the idea that the loan servicing company wouldn't have his SS#?
ZAZ [TotalFark]
4 days ago  
10 votes:
Social security numbers are like Cold War classified secrets. The government has them and the Soviet Union has them. Only the general public does not.

(With our post-Cold War incompetent NSA, the general public has a lot of them too.)
4 days ago  
8 votes:
That reeks of bullshiat. Loan providers ID you by your SSN and birthday.
4 days ago  
7 votes:
That's not only a typo, it's bad database management.  That field shouldn't be allowed to accept a number that big.  I saw something similar at a university.  One girl's bill should have been $40, but due to SSN number entry issues, it showed on her bill that she had a credit of $9,999,960.  (I had to explain to the IT people this is what a data overflow error looks like.)  Oh, and she wanted her money and she wanted it NOW!  Threatened to sue everyone involved unless she got it.  All she got was a revised bill for $40.00.
4 days ago  
6 votes:
Theis believes this mistake did have a negative impact on his credit score, but since Contact 6 last spoke with him he says his score has been improving.

Of course it has been. He's recently paid off 4,575,462 dollars in debt.
4 days ago  
5 votes:

kkinnison: Loan company: oops sorry, our bad


They didn't even go that far. They just said, "It was a one-time error, nothing to see here, nobody can touch your records, go away." My guess is that in six months it'll turn out this bank got hacked and had no idea.

It's kind of hilarious how the first two people he spoke with said that's what the computer says so that's what he owes, nothing to be done. And no matter what institution we get loans from, there's nothing you can do to stop them from selling your note to shady scum like this.

He should have got the Office of the Comptroller of the Currency involved, get the managers to really shiat a brick or two.
4 days ago  
5 votes:

Voiceofreason01: Lol, subby where did you get the idea that the loan servicing company wouldn't have his SS#?


This. If they *don't* have his SSN, he's probably borrowing from a guy with a fold-up card table on the street corner with a hand-painted sign that says "LOANZ"....
4 days ago  
4 votes:
Here's a better idea: stop the resale of debt. Period. You issue it? You collect on it. You follow everything under the federal rules that govern it instead of some fly by night operation.
4 days ago  
4 votes:
Credit Reports: Last Week Tonight with John Oliver (HBO)
Youtube aRrDsbUdY_k
4 days ago  
4 votes:
Loan company: oops sorry, our bad

meanwhile this persons credit history is ruined, and there is nothing preventing anyone from stealing  his SS# number again, or running up another loan debt. and the loan company just gets some bad press and a slap on the wrist.  Sounds like a perfectly normal capitalistic society to me
4 days ago  
4 votes:
Where does the article say that the loan service company shouldn't have had his SSN?  That's in Fark's headline, but not in the article.

The only thing the article says is that no human should have access to his SSN through the company's records, not that the company doesn't have the SSN.
4 days ago  
4 votes:

Weatherkiss: So, they made a mistake, then subsequently corrected the mistake.

Slow news day, I guess.


Except for that school shooting in northern california where at least 5 are reported dead.  Happened at 8am this morning PST.  Still not on fark.
4 days ago  
3 votes:
Student loan debt feels like that sometimes...

memeguy.com
4 days ago  
3 votes:
a clerical error by some minimum wage office worker has now ruined a person's life that may potentially take years and $$$ to correct. Such is the evils of everything being electronic these days. Electronic records  cascades to downstream systems of pretty much all things.
4 days ago  
2 votes:

Ex-Texan: IRQ12: Ringshadow: My loan company was bought out, and the new owners are refusing to give chain of title to prove they actually own my loan. I'm not trying to get out from under the debt, mind you, but I would like proof they own said debt, if you follow.

/I'm going to have an interesting next few weeks
//chain of title is important for student debt because they lose paperwork, all the time, when loans shift hands
///no chain of title, no provable debt...

If you can get out of debt from a student loan company more power to you.  They have worked very hard to basically make student loans indentured servitude in this country.

I contacted my loan servicer on my student loan debt, advised was unable to pay since am disabled now. Faxed my records over, and the debt was wiped clean. So if you have some serious problems arise down the road, you do have some recourse.
/Still disabled.
//No Student loan debt.
///Yay!


Forgiven debt may be considered taxable income.
4 days ago  
2 votes:

jayphat: Here's a better idea: stop the resale of debt. Period. You issue it? You collect on it. You follow everything under the federal rules that govern it instead of some fly by night operation.


I think this should especially count on FEDERAL debt. I borrowed money from the fed. Please let me pay the fed. I shouldn't be sitting here concerned because the private company dealing with my federal debt was bought by someone else who is refusing to show chain of title...

/no one will buy Sallie Mae/Navient debt
4 days ago  
2 votes:
My loan company was bought out, and the new owners are refusing to give chain of title to prove they actually own my loan. I'm not trying to get out from under the debt, mind you, but I would like proof they own said debt, if you follow.

/I'm going to have an interesting next few weeks
//chain of title is important for student debt because they lose paperwork, all the time, when loans shift hands
///no chain of title, no provable debt...
4 days ago  
2 votes:
So, they made a mistake, then subsequently corrected the mistake.

Slow news day, I guess.
4 days ago  
2 votes:

ZAZ: Social security numbers are like Cold War classified secrets. The government has them and the Soviet Unionevery blackhat in the world has them. Only the general public does not.

(With our post-Cold War incompetent NSA, the general public has a lot of them too.)


FTFY
4 days ago  
1 vote:

Opacity: No one checks for anything other than banks, loans and credit cards, and reputable companies know that it is more of a liability to have the information than to not.


LOLWUT?  You've never checked your credit report, have you?  EVERYONE checks your credit.  Phone company (both land and cell), cable company, power company, water company, trash company, landlords, employers, trash company, etc.

When I called the cable company, it was funny how the person's attitude changed after the credit check.  I think she was about to launch into the, "You have to put down a deposit of $xxx to start service."  But she lit right up when my number came back.  "We can get you set up immediately, sir.  What services would you like?"

Everyone checks your credit when extending you credit.  That's how it works.
4 days ago  
1 vote:

bighairyguy: That's not only a typo, it's bad database management.  That field shouldn't be allowed to accept a number that big.


You sound like you engineered Y2K.  Congrats.
4 days ago  
1 vote:

matcpr: My loan amount

Eight million six hundred and seventy five thousand three hundred and nine dollars


Hi Jenny, been a while.
4 days ago  
1 vote:
"It was like something, crazy,"

No.  It IS crazy.  Just not here, now.
4 days ago  
1 vote:
The company Heartland ECSI is a division of Campus Solutions of Global Payments
NYSE:GPN has gone from 70 to 101 on a nice straight line in the last year.

If the kid had put $3000 on GPN a year ago he'd have about $4,300 today. If he'd done that 5 years ago, he'd have $15,000. If he'd put $3B on it five years ago, he could buy Bannon, Miller, Sessions, Pence and the whole Mercer-Brietbart-Horowitz Conspiracy College today.
4 days ago  
1 vote:

Ringshadow: My loan company was bought out, and the new owners are refusing to give chain of title to prove they actually own my loan. I'm not trying to get out from under the debt, mind you, but I would like proof they own said debt, if you follow.

/I'm going to have an interesting next few weeks
//chain of title is important for student debt because they lose paperwork, all the time, when loans shift hands
///no chain of title, no provable debt...


If you can get out of debt from a student loan company more power to you.  They have worked very hard to basically make student loans indentured servitude in this country.
4 days ago  
1 vote:

bighairyguy: That field shouldn't be allowed to accept a number that big


You don't understand as much as you think you do.

Of course the "amount owed" field has no upper limit. Could be someone eventually owes a BILLION dollars. Could be more. So their software likely has no upper limit on how much you can owe.

Likewise, there's probably some algorithm that adds money automatically to the owed column in random enough small doses most people don't notice. Just to milk it.
4 days ago  
1 vote:
Big deal. You should see what that guy Avogadro owes.
4 days ago  
1 vote:

billiamaire: I would love to know how in the usa you get away with NOT giving your ssn for anything. Me mum is nigh on to 92, so far it's worked for the old git. I used to try her tactics to absolutely no avail. Cell phone, doctor, prescriptions, ATM, you name it, they have mine. I've never been able to get away with not giving it out.


Give them the wrong one - transpose a few digits, or just make one up. If it ever comes back to you - well, put it on them- the sloppy clerk must've put it in wrong or you fat-fingered it wrong.

oopsie

No one checks for anything other than banks, loans and credit cards, and reputable companies know that it is more of a liability to have the information than to not.
4 days ago  
1 vote:

IRQ12: bighairyguy: That's not only a typo, it's bad database management.  That field shouldn't be allowed to accept a number that big. ....

Huh?  Which should the DBA use?

bigint-2^63 (-9,223,372,036,854,775,808) to 2^63-1 (9,223,372,036,854,775,807)8 Bytes
int-2^31 (-2,147,483,648) to 2^31-1 (2,147,483,647)4 Bytes
smallint-2^15 (-32,768) to 2^15-1 (32,767)2 Bytes
tinyint0 to 255 1 Byte

Maybe nvarchar(6) to save space?  :P


Well, first off the loan amount probably is not an integer since it can include cents.

Your software can (or ought to be able to) accept different values than what the database can store.  I'm probably storing it in a decimal(10, 2), but the software will restrict it to values from $.01 up to whatever the person's approval amount is.
4 days ago  
1 vote:

bighairyguy: That's not only a typo, it's bad database management.  That field shouldn't be allowed to accept a number that big. ....


Huh?  Which should the DBA use?

bigint-2^63 (-9,223,372,036,854,775,808) to 2^63-1 (9,223,372,036,854,775,807)8 Bytes
int-2^31 (-2,147,483,648) to 2^31-1 (2,147,483,647)4 Bytes
smallint-2^15 (-32,768) to 2^15-1 (32,767)2 Bytes
tinyint0 to 255 1 Byte

Maybe nvarchar(6) to save space?  :P
4 days ago  
1 vote:

hi13760: The guy with an SSN 000-00-010 is happy though.


No one can have that SS number, since the first digits are the regional office code it was issued and the first region would have the code 001.
4 days ago  
1 vote:
My loan amount

Eight million six hundred and seventy five thousand three hundred and nine dollars
4 days ago  
1 vote:
If you suspect a mistake has been made on a student loan, you should contact your campus' financial aid office or it's bursars and student accounts office.

*sigh* I expect this sort of farkwittery from people mouthing off on Fark, but aren't professional writers supposed to know better?
 
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