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#1
04-13-2009, 07:10 PM
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Sub:
salliemae #
I am trying to settle or reconstruct a payment plan for private loans through salliemae. Does anyone have a # that I could call to get someone directly that is in a high enough position to give me an answer? Thanks so much!!
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#2
04-13-2009, 07:56 PM
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Is your loan with a CA or salliemae? If it is with a CA, salliemae wont negotiate or even talk with you...that is the CA's job.
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#4
04-14-2009, 10:06 AM
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CA Is collection agent
__________________
“Pray for Obama. Psalm 109:8″ “Psalm 109:8, Let his days be few, and let another take his leadership.” "When the government fears the People, that is Liberty. When the People fear the Government, that is tyranny;" ~Thomas Jefferson "Anyone who has never made a mistake has never tried anything new."~Albert Einstein |
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#5
04-14-2009, 10:07 AM
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CA is collection agency.
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#6
04-14-2009, 10:09 AM
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COLLECTION AGENT! LOL just messing with ya Soap.
A CA is any 3rd party collection agency that is collecting for a creditor. __________________
“Pray for Obama. Psalm 109:8″ “Psalm 109:8, Let his days be few, and let another take his leadership.” "When the government fears the People, that is Liberty. When the People fear the Government, that is tyranny;" ~Thomas Jefferson "Anyone who has never made a mistake has never tried anything new."~Albert Einstein |
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#7
04-14-2009, 02:29 PM
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Thanks, no the account is current but only because I have forbearance. These private loans are all through Sallie Mae. They stay on my statement that the lender is Sallie Mae trust. what does that mean? Can they reconstruct my payment plan. They already offered 80% settlement but that won't help. Any telephone #?
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#8
04-14-2009, 03:24 PM
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Privates also do not offer an extensive payment plans...they are not required to. They will sometimes do an interest only payment for a year but then your regular payment goes up after that. Talking to anyone higher up will not help you....you either make the payments or they default you. Only thing you can do is increase your income.
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#10
04-14-2009, 04:01 PM
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Sallie Mae Trust is used for both privates and federal loans.
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#12
04-14-2009, 04:22 PM
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Nope....privates and federals cannot be consolidated together. Sallie Mae's federal loans under the FFELP program are guaranteed by the DOE but orignated thru the trust.
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#14
04-14-2009, 04:46 PM
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Sallie Mae guarantees there own private loans. The trust is their funding source.
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#16
04-14-2009, 05:43 PM
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You wont get to talk to anyone but the CSR's. Private loans wont alter the payment plans to fit a budget....they have very limited terms and it you can't meet the payment requirements, you will default. This is just how they work. There is no regulations or rules that require them to do so.
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