Student loans apparently paid in full. But I got a call from a collection agency Student Loans |
- Student loans apparently paid in full. But I got a call from a collection agency
- 26, ignored my debt from ITT for too long. Now I'm lost. Please halp.
- I think StudentLoanPlanner is misleading and here's why
- What's your student debt?
- Re-certifying early, not due to salary drop
- Do you do automatic withdrawal?
- Advice on Student Loan Forgiveness - Not govt or Public service worker.
- Student loans paid in full: Garnishment still in effect
- Those who use Discover Student Loans, do you experience persistent log in issues with their website?
- Le Cordon Bleu Loan Discharge & Forgiveness
- Confused about what happened to my credit score?
- Has anyone had success with Givling?
- Question about PSLF
| Student loans apparently paid in full. But I got a call from a collection agency Posted: 28 Feb 2019 01:48 PM PST I need advice on this, please. So I'm wondering if you can help me out with this or direct me to a group that can actually help with this. I took student loans almost every year in college. As stupid as I sound, I seriously don't know how much I took out as a grand total. I was told by my family to go to college no matter what you have to do. I had no college savings since my family came to the US before I was born and we lived paycheck to paycheck. I started getting the bills from Navient and did not pay for a long time. I was unemployed, and when I did work my salary was not enough to cover the monthly bills. Once I got my shit somewhat together I paid more than our monthly statement. Then one day I had a debt collection agency call demanding $75,000 and was expected to pay ASAP. I requested the documents be sent before I agreed to pay anything. Six months passed and nothing. I followed up every month with the debt collection agency asking the status of the paperwork. They always said they didn't hear back. Last time I called, the debt collection company dropped us because the company who hired them never sent the paperwork I requested. We got a letter from them basically saying I was no longer responsible to pay them since the student loan company never sent the paperwork I requested so they were no longer after me to pay up. While this was going on I was still paying Navient more than the statement. We were aggressively paying this off. Usually 2x what the bill stated. One day, Navient sent us a paid in full balance...I will not question this but consider it a gift from God. My husband and I thought it was an error online but I called Navient…they said paid in full. They said to call my college to confirm…called my college and my grand total was $0. Navient sent paid in full letters for each loan. That was the only thing in my credit report. Hubs and I bought Champagne and toasted to this Christmas miracle. I just got a call from another debt collection agency demanding $65,000. They only had an old address on file…which I haven't lived in 15 years but they had my married name. I considered this a red flag. Being the asshole that I am I told them that all my loans are paid in full, I have the documentation from Navient, I have the confirmation from my college, and my credit report said my loans are all paid in full and I hung up. Are they legit? Am I screwed? Being debt free has been a major relief on our family and now I'm freaking out. [link] [comments]  | |||||||||
| 26, ignored my debt from ITT for too long. Now I'm lost. Please halp. Posted: 28 Feb 2019 04:58 PM PST Trying to be super quick about it all. I went to ITT Tech. I got shut down and people are getting their federal loans forgiving due to a lawsuit with ITT. When it came time to start paying my loans were in deferment awaiting the results of said lawsuit. Turns out I didnt graduate in the window of qualifying for forgiveness. Chose to ignore the debt a few more years. Fast forward to today. Loans are in default. Just over 55k. Federal tax return garnished. Next step is wage garnishment. I'm going to fix this. I have the number of the collector that has my debt.... I think. Pretty sure, I got it from the edu.gov website. I want to do the rehab thing of like $10 for $10 months to get it out of default but then what? Pay my minimum payment of like $50 a month for the rest of my life? As it stands that's all I can afford and I'm doomed to be an office drone the rest of my life because on top of all this, my art degree isnt accredited. What are my options? What do I do? I'm seriously lost. [link] [comments]  | |||||||||
| I think StudentLoanPlanner is misleading and here's why Posted: 28 Feb 2019 12:32 PM PST StudentLoanPlanner is misleading, in my opinion. For starters, it costs between $450 and $600 to talk to one of these guys for an hour (plus 6 months of emails) to get advice that MyFedLoan will give you for free. StudentLoanPlanner misrepresents the savings of refinancing with a private lender by comparing (1) the total cost of a federal loan making the minimum payments (10 or 15% of your discretionary income) for 20 years (PAYE) or 25 (IBR) years plus the tax bomb you eat at the end of it; and (2) the total cost of the refinanced loan to a private lender who will force you to repay it under strict guidelines and a much shorter repayment schedule. This is not comparing apples to apples. A fair comparison of the costs / benefits of refinancing would be to show what the same loan would cost making the same payments on the same schedule under federal loans and refinanced loans. This would fairly represent the only advantage to refinancing, which is the reduced interest rate. In my instance, the StudentLoanPlanner Excel "tool" represented that a 2% reduction in interest rate would save me tens-of-thousands of dollars when in fact, comparing the two interest rates on the same repayment schedule, the difference was hundreds. I did not feel that this warranted shedding the plethora of benefits and protections of a federal loan. Wondering why they don't offer a fair comparison of federal and refinanced private loans, I reached out to StudentLoanPlanner to ask if they get compensated by the private lenders who offer refinancing on their website. They confirmed that they do, which, to me, is a deal breaker. It's like having a doctor who is being paid by a pharmaceutical company to offer their products, which, I'm sure you know, is illegal. At the end of the day, I highly recommend calling your federal government loan servicer, MyFedLoan (1-800-699-2908 for borrowers) for federal loan information / questions (ask for an IBR/PAYE specialist). MyFedLoan are easy to get on the phone, and they give knowledgeable, unbiased advice (they don't make anything extra based on your decision). They will tell you candidly if and why refinancing makes sense. And, the phone call is free :) [link] [comments]  | |||||||||
| Posted: 28 Feb 2019 04:50 AM PST What's your student debt?
Instructions:
Note: Vote Count in this post will be updated real time with new data. Make Your Own Poll Here redditpoll.com. See live vote count here [link] [comments]  | |||||||||
| Re-certifying early, not due to salary drop Posted: 28 Feb 2019 03:13 PM PST Hey all, Navient is my student loan provider and I am in the REPAYE income driven repayment plan. My recertification is due on April 10th, my next pending auto-payment is on March 15th. My salary has increased significantly since last year's taxes, and I am certain my payment is going to go up because of it. My question is if I re-certify "early" (about a month early), in which month should I expect to see the new monthly payment value reflected? I tried finding an answer on the interwebs, but everything there is concerned with re-certifying early due to drop in salary, I (fortunately) have the opposite problem, but am not quite ready to make the larger payments. Thanks in advance, as I know some of ya'll have been through this! [link] [comments]  | |||||||||
| Do you do automatic withdrawal? Posted: 28 Feb 2019 03:28 PM PST I have been paying off my student loans since 2012 and have always had good credit scores, but there are two private loans that are due on the 4th of every month, while my other 6 loans are due on the 14th. Instead of paying on the 4th and 14th, I just pay all of them on the 14th. My question is, can not paying the two due on the 4th hurt my credit score? I have never really received warnings about them and when I talked to the representative back in 2012, he mentioned that it does not really matter if the payment is a couple weeks late and I paid it all on the 14th. But, I see others mention how it can hurt your credit score. I have been somewhat reluctant to do auto withdrawal cause I have never really trusted Navient, but I do check my bank statements daily to weekly. Do you have it set up for auto withdrawal? What is your take on it? [link] [comments]  | |||||||||
| Advice on Student Loan Forgiveness - Not govt or Public service worker. Posted: 28 Feb 2019 02:12 PM PST I have about $40k in student loans. I have a pretty solid financial plan to pay them all off in the next 5 years. However, my mom wants me to try one of these "loan forgiveness programs". I do not work in public service or for the government, so I never considered trying for one. Today I called this company called "Financial Preparation Services" and found out that $34k of my loan qualifies for an income driven forgiveness plan. Essentially, I pay my usual minimum of $250 for 5 months until they get my funds moved over, then my payments drop to $49 a month for the next 20 years and the rest of my bill is forgiven. My mom is ecstatic while I am a bit nervous. I don't like the idea of having any debt looming over my head for the amount of time I currently budget for, let alone having them for the next 20 something years. And, if I understand it correctly, income based forgiveness is only while you are in a certain income bracket. I am a few months away from going public with my business, and if it takes off, my income will drastically increase. Does any one have any advice on what I should do? Generally my mom is a pretty good resource but I do not like having a trail of debt following me around for any longer than it needs to. Its a struggle right now to pay off my loans and still have money to save as I am making 45k a year and about $600 of that is going to my great lakes and sallie mae loans. Any advice would be appreciated!! [link] [comments]  | |||||||||
| Student loans paid in full: Garnishment still in effect Posted: 28 Feb 2019 09:19 AM PST I've been trying to contact the myeddebt site for a few days now, but it's constantly down, and the phone number just puts me on hold and hangs up on me. I sent an email via their online form, but haven't heard back. My loans are all listed as paid in full, but they're still garnishing my wages. I understand that it could be for fees related to collections, and I'm fine with that, but I want to know what the balance is, and I cannot get that information. Any ideas?? [link] [comments]  | |||||||||
| Those who use Discover Student Loans, do you experience persistent log in issues with their website? Posted: 28 Feb 2019 07:40 AM PST No matter if I'm using Chrome or Firefox, and signing in on the main homepage- it will always redirect me to another sign in page with saying it's the incorrect Username and Password even though it is correct. The only thing that gets it to work is opening a Private tab or clearing the cache for the site itself. I've mentioned this to their support several times and they haven't resolved it. It's been like this for a year now. Has anyone had this issue? [link] [comments]  | |||||||||
| Le Cordon Bleu Loan Discharge & Forgiveness Posted: 28 Feb 2019 09:07 AM PST Due to expensive operating costs and low enrollment rates, Career Education Corporation announced that its subsidiary company Le Cordon Bleu – culinary arts school with 16 campuses in the United States would stop student enrollments on January 4, 2016. After that time the existing students would continue their education and finish until September 2017. If you are one of the students who studied there and looking for Le Cordon Bleu loan discharge, then you have come to the right place. You will get the necessary information regarding Loan forgiveness for Le Cordon Bleu students. The tuition fees of the school were way more expensive compared to others and students would often say it is not worth it. That is why a lot of students are currently submitting their claims and actually getting Le Cordon Bleu loan discharge. The college was dishonestly advertising their education and diplomas as well as giving its students misleading ideas about their future in Culinary Arts. People applied with a dream of becoming a chef, despite that, very few of them actually did. Most of the graduates ended up working as regular cooks in regular restaurants for a standard wage of $10 an hour. However, that was not the worst part. Majority of the students were studying on borrowed money. Learners took out the loans thinking they would become a chef soon after their graduation and pay it off quickly. Unfortunately, that was not the case. The average fee for attending classes of the college for 20 months was $40,000. Although, entry-level jobs such as line cooks for inexperienced graduates offered slightly more than $21,000 annually as reported by the Federal Statistics Agency. As a result, a lot of students' loans went into default and also their rights to work which can be very confusing to deal with.For more: https://studentloansresolved.com/2019/02/22/le-cordon-bleu-loan-discharge-forgiveness/ [link] [comments]  | |||||||||
| Confused about what happened to my credit score? Posted: 28 Feb 2019 07:05 AM PST I graduated from law school with around $150k in debt in 2011. I consolidated my loans and have been working on PSLF for close to 3 years now. My credit score has always been pretty good - at the mid 700s. Suddenly my score dropped 40 points a couple months ago and I can't figure out why. Is it because the interest is still going up on my loans even though I'm making payments? (I'm on IBR.) I've never missed a payment on my loans or credit cards and I'm at a good level of credit card usage so I'm confused... Does this mean my scores are going to keep dropping until my loan is paid off? [link] [comments]  | |||||||||
| Has anyone had success with Givling? Posted: 28 Feb 2019 06:57 AM PST | |||||||||
| Posted: 28 Feb 2019 06:37 AM PST Hi all, Quick question about PSLF - I have 5 loans that qualify for income based repayment (and thus for PSLF), but one loan that does not. 1) Should I consolidate all 6 loans into one? 2) Pay off the one loan (in the amount of around $4.5k) in order to be eligible? 3) Something else? The website says that if I consolidate, I will have to wait an additional 10 years to apply for PSLF. Is that true, or did I misunderstand? Thanks so much! [link] [comments]  |
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This article is so good.. Nice information... happy new year greetings
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