My question involves collection proceedings in the State of: California
Hello, please can anyone give me any inputs on this. I'm kindda of worried.
I am a student who own $20,000 student loan total, yes I know that is a lot of amount, so I am very worried.
No more school, now after 6 months I have to start repay my loans. For this past 6 months I cannot find any job at all. I do not have any car, I take public transportation, therefore any job that is too far, very far away, I have no way of getting there.
Economy is not very good, job within 1-2 hours of where I live, i was not able to find any.
I have no house, I live with my mother (whom is already tired) and she pays the rent.
So I really have no asset for the loans people to take, no home, no car, no job.
Believe me, I want to pay back loans, I just don't have any money, I don't know where to go to find money to pay them back when I don't have any job right now.
So let say the worst situation, I defer on my loans, they turn me to a debt collector, and decided to sue me. What is the worst consequences, are they going to throw me in jail?
I really don't want to go to jail
Any advice be great, thanks,