Defaulted student loan
I am just on my lunch break right now, so I am going to do some more research once I get the chance. I just wanted to use this thread for any questions I may have regarding my default.
Basically I ran up more debt that I expected, but due to some of my debt changing hands while I was in school I lost track of quite a bit since they were trying to get a hold of me using old information. That part of the debt just defaulted and I got a letter about paying the debt in full. I want to explore any options I may have, but I am really ignorant about this.
Once I get the chance I'll follow up with more details and see if I can't find a post that had a similar situation.
Are they federal or private loans? That will determine what opt
Are they federal or private loans? That will determine what options you have.
Hello, I am still in good standing with my federal loans, it i
Hello,
I am still in good standing with my federal loans, it is my private loans that got picked up by another entity and went into default.
Just to clarify, your loans defaulted, and claim was filed again
Just to clarify, your loans defaulted, and claim was filed against your guarantor.
Honestly, you do not have options with private loans. Now that you are defaulted, you cant consolidate....the only lender doing private consolidations is Wells Fargo and they wont touch defaulted ones. Your best avenue is to pay this off or settle on it asap. There are no deferments, no hardship plans....you will be hit up for balance in full on demand. Private loans routinely sue.
Hello, Thats no good I don't have enough in the bank to cover
Hello,
Thats no good I don't have enough in the bank to cover such an amount.