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?