Immigrated from Africa in the year 2000 with a big dream of making money in Network Technology. I went to computer school that lured me in taking a sallie Mae loan for MS NT 4.0.
And $10,000 for an Operating system that turned out be a scam , not been used in the workplace (old). Two months in the program the school started having financial problem and went down with my money.
I called Sallie Mae but they ‘re interested in me paying their loan. Sallie Mae wrote off the loan as a bad debt but a set of new and aggressive loan collectors are buzzing my phone for the loan after 12 yrs; total is $22,500
What can I do to resolve this case? Hire a lawyer or negotiate?
You may be in luck. It is very possible the school was never accredited, as many such schools are not. In that case you’d be able to quickly eliminate the student loans in a consumer bankruptcy. For more on this see this article.
Please post your responses and follow-up messages to me on this in the comments section below.