California | Credit and Debt Law
2/01/07, 1:15 pm
Legal Question
Student loans
I am severly defaulted on student loans that I took out when I was 16-18 and I was wondering if it was even entirely legal for me to have student loans at 16. My student loan collector Edfund tells me that if I took an ability to benefit exam at Heald college where I went to school then that means I am accountable for my loan but does that apply if I was underage? This was back in 1999-2001. I've been told that you cannot enter into a legally binding contract if you are a minor and I'd be more then happy with any advice you could provide me with.
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Read More Answered By: Chris Johnson |
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