how do you get over high loan pressure?
By elliete
@elliete (26)
China
April 10, 2007 8:15pm CST
i came through my college on student loan as my family couldn't afford so much fee.now after one year's of working,it is time to pay back.but the bank says we should return all the money we borrowed during the four years of college instead of one quarter of that what they told when we signed the loan contract.
so it is hard for me to return all the loan.i feel a lot of pressure on me and i don't know how to overcome it.it is the hardest thing i ever met.
i know i should try my best to make money and i have tried.however it is impossible to return all the money in one year.
i need some suggestions.have you ever met such difficulty?how do you overcome it?
1 person likes this
1 response
@yanstill (1490)
• China
11 Apr 07
i have a question,they told you that you can just return one quarter of that money?have it been written in the document,or just oral?
if it is in the contract and clear,i think you have the right to return later,one of my friends is on loan too.but she is expected to return that money within 4 years after school.i think when you sign the contract,you chose the year when you return that money,coz my friend chose 4 years.maybe you can check about that.:)
@elliete (26)
• China
11 Apr 07
They said it in oral.but in the contract,we have to return in one year instead of four years.so they lied to us students.
our university coordinated with the bank for many times but no result reached.
so according to the loan contract,we should return the loan in one year which is hard for us.
the contract signed by your friend is correct and they return the loan in four years
