Question: Dear Steve, I took out 2 private loans and multiple federal loans to finance grad school. Since graduating 4 years ago, I’ve had steady, well-paying employment. I went through an emotionally challenging period at the beginning of this time and defaulted on a Wells Fargo student loan. It wasn’t even due to inability to …
Question: Dear Steve, Being sued for private student loans. Paid on them for 11 years balance never went down. Say I owe 4 loans totaling $8937.49. Family of four only makes $31,325 a year and has 2 special needs daughters. My husband is our primary income. I work as an independent contractor for DoorDash and …
Question: Dear Steve, I’ve read several articles about stopping payments on private student loans. I joined the Army and paid off the majority of my own student debt, but then got married and inherited my wife’s nearly $100,000 in student debt. Most of it comes from private loans. I barely make ends meet each month, …
Question: Dear Steve, I have a defaulted “signature” loan which I believe is a private student loan in the amount of $49,500, the principal amount is $23,600. I have received offers to settle the debt, paying much less. The last one was $3,546, however, it is still more money than I have to pay them. …
Question: Dear Steve, My student loan payments are almost $800 a month, and as a result I’ve been using my credit cards to help cover my bills, emergencies, even food for the last few years. The situation I am in now is that in addition to my student loan debt, I now have about $37k …
Question: Dear Steve, I never made any payments on my private student loans. The interest rate is 14%. It’s been sold many times, they haven’t sued me and I would like to know what the statute of limitation is, also how to file bankruptcy and get them off that way. This has been an ongoing …
Question: Dear Steve, I took out a private loan in 2005 to help with college. This loan was for 7k. It is now 2020, and that same loan is now $7,120.00. AES is the loan servicer, and they have misapplied payments throughout the years. I feel justified in not paying them anymore after 15 years. …
Question: Dear Steve, Hi there – hope all is well in these current circumstances. I am currently a gov’t employee in New York City making decent $ but ran into a financial wall sometime in 2018 with debt and cash flow. I started to pay down debt and purposely missed some private student loan payments …
Question: Dear Steve, I was the oldest of 3 children, my parents did NOT go to college and are themselves very young and have never had much money to do smart or dumb things with it. I had a troublesome senior year and was determined as an 18-year-old to get out of dodge (Upstate NY) …
Question: Dear Steve, Currently, I have massive student loan debt, graduated in 2014 and still have $120k in total student loan debt with $55k in private student loans. For my private loans my co-signer passed away two years ago and I am currently looking at strategically defaulting. I have a few questions on private student …