Is this something to actually worry about, or a scare tactic?
Posted by deap_p@reddit | studentloandefaulters | View on Reddit | 17 comments
I attached a photo of the letter I received in the mail recently. Has anyone gotten this from Earnest before? They call me like crazy and even reached out to my place of work for location purposes. I told my work to please not give any information on whether I work there or not. They luckily agreed.
MOBYWV@reddit
Friend's been in default for years. He's gotten these letters. Never been sued. I mean why sue someone with no money likely to begin with.
ZookeepergameOver918@reddit
They will take you to court and wage garnishment
Impressive_Brain5734@reddit
Def a tactic, do not reach out to them. I received the same letter sometime in 2024 before defaulting. I'm coming up on 2 years since defaulting and still riding the wave.
prismaida@reddit
How’s your credit score? I recently defaulted and just watching myself drown at this point
Impressive_Brain5734@reddit
Oh it took a nasty hit went from 801 to 546 but today it's 695 so I clearly didn't stay crazy low for too long. Made on top payments for everything else and keeping debt low or close to nothing
dannydelco@reddit
Navient/Sallie Mae definitely sues. I’ve never heard of Earnest.
Commercial_Money_557@reddit
Oh yea I got that letter while back!!! I’ve not had any problems. MOHELA has offered me two settlements. Current offer was 50% of what remains but I’m not interested in that offer. I don’t have a job though or assets so my situation might be less risky than yours.
Then_Row_6955@reddit
Honestly, it’s just a scare tactic... I've been through this too, and believe me, you only need to worry if you actually get a court summons. Seriously, don’t even reach out to them; I got a similar letter back in 2024, and it was just noise.
AReckoningIsAComing@reddit
Absolutely just a scare tactic, only worry when you get an actual court summons.
morbie5@reddit
The problem with that is that by that point they might be less willing to negotiate a settlement (if that is your goal)
AReckoningIsAComing@reddit
Is that true, though? Someone else told me in a different thread that they are still likely to make a deal to settle.
morbie5@reddit
Each lender is different but if they have already started the litigation process that means they are serious and thus may not be willing to settle for what they might have before
kamikazikarl@reddit
At risk != preparing for litigation. It's just a scare tactic to get you to pay.
HunterSpecial1549@reddit
I'm in default with navient and I haven't received any letter hinting at litigation. I haven't heard about them calling my work, they don't call me anymore either.
I have no idea what's going on. Until I get my income up it's not like I can do much about it anyways.
brotatochip4u@reddit
You're not even in default yet.
-C3rimsoN-@reddit
They are basically just saying that your loans will be considered in default by May 31st, 2026 (and even that is likely not definite, at least as far as reporting to credit agencies). They are basically just saying that you can be sued (like no shit, that goes without saying). It's a scare tactic.
MovementMechanic@reddit
Uhh…. Yeah. Theyre just letting you know theyre getting ready to sue.