sallie mae settlement
Date: Thu, 03/17/2011 - 12:02
I have outstanding student loans. I consolidated my loans in 2000 and have since defaulted again.
my loans are ffel consolidated.. 2 loans below
1. principle is 6,000.00 and intrest around 1,600.00
2. principle is 12,800 intrest 3,300.00
this is the updated amount as of February 2011. per government nslds website
also states fannie mae as current lender and usa funds as current guranty.
Seems this is the original loans? from nslds website.
my credit report shows around 29,000.00 in past dues from usa funds as of march 2011. does this sound correct? seems i shouls owe more?
MAIN QUESTIONI want to know if fannie mae will take a settlement of 18,000 which is the original loan amount?
I have citizenship in other country also, should i tell fannie to take the offer or ill just stay in the other country and never pay the loans. Also how do i know if these are federal or private loans. Will department of education work a deal?
my loans are ffel consolidated.. 2 loans below
1. principle is 6,000.00 and intrest around 1,600.00
2. principle is 12,800 intrest 3,300.00
this is the updated amount as of February 2011. per government nslds website
also states fannie mae as current lender and usa funds as current guranty.
Seems this is the original loans? from nslds website.
my credit report shows around 29,000.00 in past dues from usa funds as of march 2011. does this sound correct? seems i shouls owe more?
MAIN QUESTIONI want to know if fannie mae will take a settlement of 18,000 which is the original loan amount?
I have citizenship in other country also, should i tell fannie to take the offer or ill just stay in the other country and never pay the loans. Also how do i know if these are federal or private loans. Will department of education work a deal?
You'll have to contact Fannie Mae regarding the settlement of th
You'll have to contact Fannie Mae regarding the settlement of the debts. They'll be able to tell you the settlement offer is reasonable. If your credit report is showing that you're owing $29k, then it must be true. You should try to repay them asap.