Please help, sallie may
Date: Fri, 12/16/2005 - 19:15
1800-900-1361
Can they do this? Forward my numbers to other collection agencies and how do i prove this now? I kept sending cease and desist letters but new agencies stareted to call..im getting really upset over this please help[/quote]
yes, they can forward all the info they want. and yes, you will
yes, they can forward all the info they want. and yes, you will keep having to send new c&d letters to the new agencies.
What else should i do to prevent anymore harrassments
What else should i do to prevent anymore harrassments
You should explain all the harassments in your letter addressing
You should explain all the harassments in your letter addressing to the attorney general's office in your state. You should also send a copy of it to the FTC and the local BBB.
I remember a little about your problems with Sallie Mae and I understand that the company should have resolved this matter by now. If they haven't done so far, you should also discuss the matter with your lawyer. Closely monitor your credit report and see if the company is not entering any negative information. You just can't see your credit file spoiled by this company.
Sallie Mae
If you have not defaulted on the student loans, there are numerous options available to you. Deferments are available for in-school status, disability, unemployment, financial hardship, etc. If you do not meet the criteria for any of those options, you can request a forbearance for just about any other valid excuse (spent too much on xmas presents won't work).
Other options are interest-only payments or reduced payments for 2 to 4 years. You would have to talk to Sallie Mae for the specific requirements and conditions. These are better options than default - which only occurs once the loans are 180 days past due.
If you have defaulted on the loans, all is not lost. There are lenders who will consolidate the defaulted educational loans and you can get a fresh start. All applicable federal options would again be available - deferments, forbearances, payment options. Not sure that that would clear the credit bureau record - if memory serves me correctly, it would be noted as paid off though and the consolidation would appear as a fresh entry.
Lastly, there is NO statue of limitation for student loans. If you owe one, you owe the federal government and they can garnish your wages or take your income tax refund. That is sure to make the other options appear more attractive - I remember a lawyer who owed on a student loan from the 1960's and they were still after him for the money.