Hi, I was hoping to get some advice about what I should ask for as a settlement with one lump sum payment on my student loans. They are from a private company, and have been in default for almost 2 years.
$279.47 08/17/2005 PLP00
$5,433.69 06/06/2005 PLP00
$1,679.46 09/22/2004 FEDERAL STAFFORD LOAN
$0.00 09/07/2004 PLP00
Total with interest and other charges: $15,339.03
The stafford loan is ~$2900, but not included in any of those totals.
The one federal stafford loan was given to an outside collection agency for collection, is there any way to get them to recall that loan if I were to pay all at once?
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.