Student Loan Default and Options (Please Help)

[Coderguy]

Quote:

Originally Posted by Regatta03 @ HFWR: I called the original creditor (Great Lakes Student Loans) and asked if I could arrange something with them. According to the representative that I spoke with, the account had been transferred to the collections agency and they could not view details; nor could they discuss repayment methods/strategies, etc.

This is funny; the great lakes loan is the one I had huge problems with (and still do today). Sallie Mae also refused to include their loans in my consolidation loan. Maybe you could request a copy of the original loan agreements? I would be careful when paying this.

Edit: relevent: http://www.consumeraffairs.com/finan...ent_loans.html

[Regatta03]

Update: Paid the full $19,452.96 and opted out of the "settlement" amount of $18,702.00. Definitely not worth the ~$800 saved.

Can't really say how I feel...but damnit...it's completely off my plate and I have $0 in outstanding liabilities to anyone.

THANKS AGAIN FOR ALL THE VALUABLE COMMENTS AND ADVICE