AES Debt Settlement
Date: Wed, 03/04/2009 - 06:45
I currently live outside the United States and have about 45K of AES debt. I am considering calling them offering to pay 50% of the outstanding debt immediately if they forgive the other 50%. As I live outside the country and do not care about my US credit rating, is this a good idea....Is it even possible?
AES private or federal I should have asked. If private, A
AES private or federal I should have asked.
If private, AES has been known to sue out of the country. Where are you living now?
AES private - We live out of the country (not disclosing)
AES private - We live out of the country (not disclosing)
Ok....did you have a cosignor? Will you ever return to the US?
Ok....did you have a cosignor? Will you ever return to the US?
No co-signor - I have no plans on moving back to the US, but vis
No co-signor - I have no plans on moving back to the US, but visit a few times a year. I am not looking to default on my loans, just provide a settlement offer to them.
I don't want to screw myself as you never know where life takes
I don't want to screw myself as you never know where life takes you and one day, I may move back to the US, but as of now, no intentions. Just looking to provide a larger sum to AES in leiu of paying it off in full. Not sure if that has been done and whether they would consider it
Has anyone successfully settled with AES Education
Has anyone successfully settled with AES Education
AES settles but I dont know if they will settle for 50% off.
AES settles but I dont know if they will settle for 50% off.
Any suggestions on how to go about this and what the pssible rep
Any suggestions on how to go about this and what the pssible repercussions are (putting aside my credit rating getting destroyed)
Call and ask. They might ,they might not want to take a settl
Call and ask. They might ,they might not want to take a settlement. If you are a US citizen they might just let the SOL tol while you are out of the country or file for a judgement and then pursue you. Hard to say .
I am current with the loans so pursuing a judgement is not an op
I am current with the loans so pursuing a judgement is not an option. If I remain out of the country for the remainder of my life (which is the plan), I guess the SOL can tol to my heirs and then their heirs (assuming they want to spend the money collecting on a foreign debt.)
Debt collection internationally is getting easier and easier. P
Debt collection internationally is getting easier and easier. Plus you pay the cost of collections,legal fees and court costs.
Student loan chargeoff
Quote:
Originally Posted by SOAPLADY Debt collection internationally is getting easier and easier. Plus you pay the cost of collections,legal fees and court costs. |
I am in the same situation with the exception that I still reside in the U.S. I would like to know how to settle with AES. Originally, I borrowed $50K in private student loans that has now grown quickly to $80K. I want to pay them the original principal but cannot afford the current balance of $80K. I have tried to work with them on the this but with no luck. Any advice would be immensely appreciated! THANK YOU!!!
You have the $50k cash to settle with them?? Surprised they won
You have the $50k cash to settle with them?? Surprised they wont take that.