Just Received a Letter Saying Fiancé was Sued for Defaulted Private Student Loans. Not Sure what to do
Posted by Datik50@reddit | studentloandefaulters | View on Reddit | 11 comments
Hi All, we just got a letter in the mail that there is a lawsuit against her filed by Southwood Financial/Weltman, Weinberg & Reis. She defaulted on private student loans that were sold to them it looks like. The total loan amount is $30k - $40k.
Just trying to figure out next steps here. Assuming we have to hire a lawyer to discuss this? Or can we reach out to Southwood/WWR to try to make a deal/repayment plan. Just wondering how quickly will this move. Will they eventually send her a summons for court or serve her? We are in PA and we have no assets.
Any advice would be appreciated we are concerned.
Chijesu@reddit
So nowadays they can just send you a letter in the mail without serving you with paper to take you to court?
Datik50@reddit (OP)
Actually lawyers found out first about the lawsuit before we did. Still waiting to be served. But getting like 15 lawyers flyers in the mail everyday saying “heard you were sued”
Odd_Investigator_736@reddit
Southwood is known to be very trigger happy with suing, so an actual lawsuit is more than likely imminent. But this only court papers being served make the lawsuit legit.
Putrid_Factor_2660@reddit
I did dm you a question, and thank you again for the help.
digiorno@reddit
There are better ways to deal with it than ending the relationship. Like they could just move somewhere the debt can’t be collected, Europe, Canada , etc. Newly weds move all the time. Also it’s probably best for them to not start their new lives in a state that is rapidly adopting authoritarianism.
Tap_itoutRTI@reddit
Running from a lawsuit only creates more resentment down the road. The wise highroad will build a better marriage in the long run. No one suggested ending the relationship, just post pone until this goes to court and a judgement is reached. An attorney will be able to offer a clear plan on options but also know that you will share credit scores as well as everything else which can get in the way of buying, renting, etc. It doesn't have to be the end, just be informed.
Tap_itoutRTI@reddit
This is a very wise mature response actually. I would not get married until this lawsuit is heard in court and a judgement filed.
MAM-25@reddit
The question is “why wasn’t she making payments?” A pattern of neglecting responsibility? This took YEARS of not paying , not a short term setback. Character counts. $30k is not unmanageable; a little belt tightening and prioritizing is all it should take. 🙏
AutomaticFeeling5324@reddit
First make sure it is an actual lawsuit that was filed with the court. Second if it’s an actual lawsuit and not a threat letter then hire a lawyer. A competent lawyer will go over your student loan and come up with a strategy that will help you in court.
Don’t reach out to the debt collector yet.
Datik50@reddit (OP)
Thank you
TWOscore11@reddit
This. Emphasis on don't talk to the collector and risk admitting the debt etc. Lawyer