can a student loan be modified after it has gone to collections?
Once it went to collections, the original lender had "written it off" as a loss. the 'debt' now belongs to the collections agency.
You can negotiate with the collections to pay LESS than the full amount. However, keep in mind that the collections's job is to squeeze as much money out of you as possible. They basically bought your "debt" from the lender for a tiny amount. The more they get out of you, the more $$$ they make. On the other hand, they do evaluate your circumstances and how much effort they are putting on your case.
by retellect6 years ago
What are the alternatives to a student loan?
by wishingonastar7 years ago
Let me start off by saying that this loan is a Freddie Mac loan. This loan has been sold so many times throughout the 10 years I have lived here. I fell on hard times and tried for a loan modification. My...
by Tabatha197 years ago
Can i get a student loan or grant before i go to job corps?Im going away to job corps in north carolina and need to know if i can get a student loan or grant.
by daisynicolas6 years ago
Want to know any progressive mid-life people who had used this avenue to further education in order to elevate job opportunities. Of course, I need views on people who does not rely on a "pot of gold." ...
by Angelo10 months ago
I am on a debt-free journey and student loans make up the bulk of my borrowings, therefore, I am interested in creating an open community-based forum that discusses ways of coming up out of debt. Inspire someone to...
by bankscottage6 years ago
Should parents cosign for a student loan?A recent hub discussed the problems college students and graduates are facing with student loans (http://davenstan.hubpages.com/hub/Ameri … dent-Loans). Parents want...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.