Collection Agency
Date: Thu, 10/25/2012 - 16:24
Is this a private or federal student loan? Normally, the full am
Is this a private or federal student loan? Normally, the full amount of the loan plus accrued interest becomes the instant you default on it.
This would be a private student loan since federal ones do not h
This would be a private student loan since federal ones do not have cosignors.
The loan is in default and is due in full....they will pursue and sue both parties. They are under no obligation to offer you affordable payments...they want the balance resolved ASAP. The cosignor is just as legally responsible for the debt as the borrower.