I borrowed upwards of $70k (now $95k) from Student Loan Xpress for a higher education degree in 2006. I have the degree, but I’m not making the kind of money required to pay back this (and many other loans). I have been unable to make any payments to this loan… but am on a repayment schedule for all my other loans
My question is this… student loan xpress dissolved, from what I understand, was less than reputable practices. Since then, American Education Services has been ‘servicing’ the loans. When I originally took the loan, I made the agreement to pay back Student Loan Xpress (now gone)…
Am I legally bound to repay a company a didn’t borrow from?
How do I know that they paid for my loan at face value?
Am I responsible for a ‘pennies on the dollar’ deal they may have made?
The collection company I spoke with says my loan is in default, but they have refused to provide debt verification or validation…
Are these private loans or government subsidized student loans?
Please post your responses and follow-up messages to me on this in the comments section below.