“Dear Steve, My wife has a reasonably large private student loan. I have recently come into money and would like to settle this loan with Navient for a lesser sum than what is owed on the loan. What is the best way to go about this and what questions should I ask in order to get a settlement? Chris” The ... Read More »
“Dear Steve, Have 2 kids who are heavily in debt [one just lost their job] each has a separate student loan [57k and 83K] which they are on time paying, but won’t be for long. As their Dad I want to remove [payoff with discount where possible] both loans. What is the best way to do this with 2 separate ... Read More »
“Dear Steve, The background information is something like this: I went delinquent on a student loan (private) after a period of financial hardship. It defaulted and went over to NCO Financial for debt collections. I wasn’t sure how the whole process worked at the time, and I started a payment plan. My agent at NCO was named John and would ... Read More »
“Dear Steve, settlement offer from collection agency Allied One I want some advice on getting settlement successfully with agency, the loans were originally from Sallie Mae. Hi, I have massive student loan debt through Sallie Mae. With interest and collections fees it has soared from 40k to 80k. I have not paid on the loans and they went into default, ... Read More »
“Dear Steve, After graduating in 1996, I owed Sallie Mae about $17000. Over the past 16 years I have worked as a special education teacher, coached, worked with autistic kids, been a lifeguard, waited tables/bartended, worked as a travel agent, done landscaping and currently install solar panels. Although I have had periods where I consistently made payments to the above ... Read More »
Graduated from a Colorado college but need to pay off school debt that went to collection Can I settle for less than the debt amount with a collector acting for the State of Colorado? Lilly This is your chance to be a hero and help out this person by providing your feedback and answer to the question in the comments ... Read More »
“Dear Steve, Have consolidated Federal Student Loans in 1999. Was locked in at 7.5% interest rate. One of these loans is a Federal Subsidized and other is Federal Unsubsidized. I have been current on my loans and my balance is over 80,000. I would like to know how I can get them to take a discounted payment in order to ... Read More »
I am a doctor who has a solo practice. I was married right out of one year after i was practicing blended situation. Now we are having marrital problem. I had been paying interest only for 12 years times 376.41 equal 54203.04 I have already paied my loan once I now have a balance of 39,400.00 at interest rate of ... Read More »
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