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How Do I Begin to Negotiate Debt Settlements With Allied Interstate for Student Loans?

Written by Steve Rhode

“Dear Steve,

Defaulted student loans. 5 in all dating back to 1988. have consolidated before but took out 3 while attending ASU between 2003-2005. I only have borrowed approx. 25,000 total with my student loans. With the consolidations it doesnt show this but says my principle is 42000 and total owed is 72000 with 10000 coming from allied interstate.

My Question is how do I negotiate a settlement and how much do I start with.”

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First we have to start with if these are private student loans or federal government student loans.

Please post your responses and follow-up messages to me on this in the comments section below.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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