Loans officially defaulted , should I respond to this?
Posted by Impressive_Brain5734@reddit | studentloandefaulters | View on Reddit | 4 comments
Should I respond? I receive my default letter last week. I want to be sure I don't restart my SOL if I do choose to speak to them to see what settlement offer they have.
ThrowAwayT55@reddit
Any updates here ?
Impressive_Brain5734@reddit (OP)
Hi! No big update. The last letter I received about a month ago was that it was heading to litigation but haven't heard anything past that. The lowest they've offered to negotiate is 33% off balance.
Usukidoll@reddit
Settling when the loan default just happened isn't ideal unless you already have 90% of your loan balance.
Impressive_Brain5734@reddit (OP)
Ok, that makes sense. I continue to wait it out...