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Old 04-13-2007, 05:27 PM
Arnfinn Madsen Arnfinn Madsen is offline
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Join Date: Jan 2005
Posts: 4,440
Default Re: Wiser Use of Money: Pay Off Student Loans / Invest

BTW, stupid beat. I forgot to change my address with the State Student Bank and thus didn't pay a bill or the 2nd request. They then sent me a bill for the whole loan (about 30k). I didn't want to do it due to the low interest. I called them and said: "relax, I will put something as security". They agreed and I put my flat as security. Later I sold my flat and a few days after the sale my real estate broker called me and said "we transfered you all the money, but now these guys come and claim 30k, can you transfer 30k back?". I called them and offered some other security to keep the loan, but they refused since it was worse than my previous flat.

Cliff notes: I am stupid.
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