Citibank private student loan question
Date: Tue, 07/20/2010 - 21:09
Citibank private student loan question
Oh boy....debt settlement company gave you some really bad advic
Oh boy....debt settlement company gave you some really bad advice. And no, Citibank WONT buy or un-default a loan no matter what letter you write.
Private student loans as a general rule will settle but not to the same degree that other consumer debt will. The will waive collection fees and interest but usually not principal. They will sue even if you are making payments. And they will not negotiate with third party settlement companies. Your debt settlement company probably knew this. This is standard right across the industry.
Citibank will take a settlement on student loans. No one is payi
Citibank will take a settlement on student loans. No one is paying on private loans right now. They are worse than sub-prime mortgages.
Citibank is settling....but they are also suing a lot too.
Citibank is settling....but they are also suing a lot too.