Pioneer Credit Recovery - Student Loan
Date: Wed, 01/05/2011 - 16:24
Submitted by Danielle Turberville
on
Wed, 01/05/2011 - 16:24
Total Replies: 3
Pioneer Credit Recovery - Student Loan
A couple weeks back my wife and I received a letter in reference to a student loan that has defaulted. The listed "principal balance" is $1,327 but the "current balance" is $1,803 with interest, fees, and costs included. After contacting PCR they said that we could make a payment of $1,327 and get the student loan out of default immediately and it would be paid off.
My question is this:
We are able to pay the $1,327 however I am hesitant to hand over that kind of money without knowing if PCR is a reputable agency and is there anything I need to get from them before hand ensuring that paying this amount will indeed pay the account off in full and be out of default?
Also is there anyway I can change my user name that shows up on here?
Thanks in advance!
D
My question is this:
We are able to pay the $1,327 however I am hesitant to hand over that kind of money without knowing if PCR is a reputable agency and is there anything I need to get from them before hand ensuring that paying this amount will indeed pay the account off in full and be out of default?
Also is there anyway I can change my user name that shows up on here?
Thanks in advance!
D
I am just acknowledging your post, someone will be along with so
I am just acknowledging your post, someone will be along with some advice when they are available, please keep checking back for replies.
A simple google search ... https://www.pioneercreditrecovery.com
A simple google search ...
https://www.pioneercreditrecovery.com/DisplayContent.aspx?categoryID=1
Quote:
Pioneer Credit Recovery, Inc. is a wholly owned subsidiary of SLM Corporation?, commonly known as Sallie Mae, and a member of Sallie Mae's Asset Performance Group division. Sallie Mae is the nation’s No.1 paying–for-college company and is publicly traded on the New York Stock Exchange |
They are also a vendor the US Department of Education.
You can request they fax you a settlement letter. Your wifes account will be marked as settled for less than the full amount.
Thank you for the response. I suppose that even a mark of sett
Thank you for the response.
I suppose that even a mark of settled for less than the full amount is better than showing up as defaulted with a balance. But I guess in some strange universe I could be wrong.