Co-signer attempt to pay on a defaulted student loan
Register with the forum so you get email replies. You may have b
Register with the forum so you get email replies. You may have been talking to some idiot at the NES who doesn't know the difference between assignment of a debt and selling of a debt. Soaplady will correct me if I am wrong but student loans are almost never sold, they are just assigned to collectors. Wait for soaplady to answer the question but for now register with the site. She used to collect student loans so she knows this stuff very well.
Correct....student loans are assigned to collection agencies, no
Correct....student loans are assigned to collection agencies, not sold.
Your current balance will include daily accruing interest and more than likely collection costs. Collection fees run on average about 25% and you both agreed to pay them in your original prom note.
Have you asked for a settlement??