Quote:
Originally Posted by RubyGoodnight
From what I've looked into it, the Salle Mae loans survive a bankruptcy, unless there are some kind of circumstances where there is little chance you will ever pay them off. You may have a bit of luck if Salle Mae has sold on the debt to a third party and is no longer a debt owned by them. If it's been sold to a private firm, it would be able to fall under the BKR.
More than likely, you'll be doing your plan B - get in touch with Salle Mae, get a payment plan set up, make said payments, and wait for the time to go by for your report to drop it altogether (six years, I think?).
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I'm pretty sure they have been sold to a third party. Whether it was simply a transfer to another government collector or a private collection firm is beyond me, but the loans were taken back in 2005/early 2006 and have been put in forbearance for a couple years and I have been unable to pay on them at all since I took them... hence the reason I finally went thru with the Chapter 7 so I could finally start getting things back in line. Things have not been working out the way I want them to, especially with trying to secure stable work with anyone in this industry. I had a good run for almost 2 years with an individual I won't name, but he chose to go a different route and could no longer use me. I've tried doing my own affiliate sites and with the need to have income "right now" I cannot pay the attention that is required for my sites so they end up making me a lot less money than they should. I've also cut out every unnecessary expense possible, so even with that done, I am still barely making it each month.
I also read that there's a very small possibility to contact the ombudsman of (somewhere??) to see what they can do for me, but that's as far as I could get with that research.
Thank you for your input so far. Much appreciated.