Student loan collection agency

if you cannot afford it, the best thing to do is to get in tuch with them and explain it to them. Do NOT try to run or hide.
Just call them up and talk to them and if the person is being rude, then hang up and call some other time.

all they want is their money and usually, they will try to work with you to get it. just make sure you dont let them dupe you into some more interest charges or stuff like that.

Linda, the most important thing is that you are taking the responsibility and pay off the debt. Be it in partial payments only. They will hardly have a case to file in the court. If they do, the judge will see you taking care of the account and hence rule out the case.

you dont have anything to worry about. consider becoming a member of this site. everyone here will help you how they can. if the debt gets out of control, then you can call the number on the left.

I'm here Linda, I've just been a very tired Jedi lately with very little on the mind. My apologies.

Were you given a student loan pre-application quiz? If you, you will remember that the minimum acceptable monthly payment on a current student loan is $50. As long as you remain current, and your intentions are there, your lenders will work with you.

It takes sixty days of nonpayment for a student loan to be considered defaulted. If you default, you do have options still, but not as many. If your defaulted student loan falls into the hands of CCA or NCI, it will be in good hands, and you really should play ball with these two particular CA's because they follow the rules and are just.

Quick to sue? NO! I've seen loans in default since I was in utero, and the account never litigated. The Department of Education will not litigate unless your defaulted loan is at least five figures, and you have numerous resources for payoff at your disposal, but you just refuse.

I start my student loan repayment in early 2007 myself. We'll be together on that!

Jedi....
my loan is in the 5 digits...it is $48,800
I have had it consolidated TWICE.

I am screwed huh?

Even since your loan is 48k, what would qualify your loan for litigation, should you default it and refuse to pay, would be if your credit report showed mucho assets at your disposal. If that is not the case, don't worry.

You are not in default! You are not screwed until you really make them mad by going into default and refusing to pay. I've even seen six figure default loans never litigated because the debtor had no assets and no job!

You'll be fine. Just talk to your lenders/consolidators/whoever about your situation, what you can pay, and this will work out!

Thanks...Jedi.

Now, I will worry about my student loans at that time. Right now I am worried about my settlement company I am enrolled in and the 8 cards I have in the program with them. I am terrified they will try to sue me. I am hoping that should it come to court, that the Judge will favor me since I am enrolled in a debt settlement company.

He will. If you skip court, that is when the judge will find in favor of them. Enrolling in a settlement shows good faith. Besides, you can have the settlement company send cease and desist letters to those creditors or collection agencies. You can also have the settlement company speak for you.