I recently filed for bankruptcy and per my attorney, my private student loans could not be discharged.
I live in Colorado.
I was looking for a fresh start filing bankruptcy and I feel like I’m still where I was before.
I have consolidated my federal loans and they are in forbearance.
I currently have a loan thru JP Morgan Chase for $14,000. It went into default and was in there internal collections. They were working with me and I was paying $500 a month (which was really more than I could handle but was making it happen).
As soon as my bankruptcy was finalized, I was contacted by Chase and notified they accelerated my loan and it was due in full. I was told the only options were to pay in full, pay a settlement (which I have no way of coming up with that much money), or they would sue me.
My husband has a different job now and we can afford a $500 per month payment, but I don’t know what I should do. I have looked into debt settlement companies but I’m afraid I will still get sued and I’m afraid of the scams. Any suggestions? Do you know of any reputable companies?Help with private student loan. Chase says they accelerated the loan and will sue me. by Consumer