Asset recovery solutions - 2 private loan offers. One 27k loan down to $1,350. One 17k loan down to $$840. Take it? Been in default for about 5 years. Advice? TIA
Posted by borntogetcake@reddit | studentloandefaulters | View on Reddit | 3 comments
StdntLoanDfltersMod@reddit
Hey OP, since you defaulted 5 years ago and SOL in NY is 3 years, double check the notice for something along the lines of “due to SOL has expired, we’re unable to sue you.” Its usually small or hidden somewhere to trick people into paying.
Since SOL has passed, the only thing collection agencies can do is send you notices and hope that you pay.
Successful_Job_6376@reddit
Is NY sol 3 years or 6 years on private student loans. I’m seeing differing amounts and I busted passed my 3 years and got a letter from asset recovery solution (and it doesn’t say the debt is time barred)
IndependentGuitar814@reddit
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