I have student loans that are nearly 20 yrs old. I stop paying them because the school i attended went bankrupt and my degree was basically useless as it was a Technical school.
I went thru a chapter 13 bankruptcy and tried to include the loans but they were not dismissed.
I never got an email or phone call regarding my student loans until yesterday? 20yrs and just got contacted? what do you suggest i should do?
Bummer these resurfaced. You might be eligible for the Closed School Discharge. There are a number of criteria to look at but it might just be that you qualify. Click here.
The fact it has been so long could be both a blessing and a curse in trying to gather the needed documentation for this full loan discharge.
I’m assuming these are federal student loans. If these are private student loans then the best things to do might be to do nothing. It’s quite possible these loans are outside of the statute of limitations if they are private loans. While the collector can try to collect, they may not be able to sue you.
If these are private loans and this might be an approach you take to deal with the debt, I would strongly advise you pay for a consult with an attorney who is licensed in your state to understand what not to say or do with the collector.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
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