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 wishingonastar 8 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 lender granted me a modification, or so I thought. They recalculated my income and...
by retellect 6 years ago
What are the alternatives to a student loan?
by Angelo 16 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 tackle the burden by sharing your debt-free success story. Query ideas for...
by daisynicolas 6 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." Best to hear from women.
by bankscottage 6 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 their children to do well and will make almost any sacrifice for them. ...
by vicada5151 7 years ago
How do I co-sign for student seeking a loan?A relation applied foe a student loan.Wellsfargo requires her to get a co-signer to her application. I want to beher co-signer.
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