Thinking on defaulting navirefi(earnest) private loans
Posted by Ok-Turnip9801@reddit | studentloandefaulters | View on Reddit | 5 comments
Hey guys!
I am about to stop paying on my private student loans. I am a married mom of two young daycare aged kids making $65k (w/o my spousal income) with $107k in private student loans debt. I live in Alabama
What are my options/worst case as my second kid is about to enter daycare and I won’t have enough to pay them.
DextersMom1221@reddit
Eventually they will issue you a summons and then possibly sue for payment.
Hour-Procedure1942@reddit
Following. Also in Alabama with $55k and plan on defaulting too.
moneyhat8@reddit
Following, I have about $173k I will default on
davebone6195@reddit
So I am currently strategically defaulting my Navient (formerly Sallie Mae Tuition Answer loans.) I stopped paying in May and am 120 days late right now. Phone calls just stopped. I highly suggest getting a Google Voice number and changing your contact info with Navient. You can put that on DFisot disturb and not get all the phone calls.
My credit score dropped by 100 points as soon as the delinquency was reported. Several of my credit cards actually reduced my available credit because of the late payment status. Others closed my accounts due to the same (they were also unused.) I have been unable to get new credit since.
If you want to know anything else, please let me know and I will do my best to respond.
skeletonobserver@reddit
Following. I also have an insurmountable amount of navient debt w/ two kids