Is this something to actually worry about, or a scare tactic?
Posted by deap_p@reddit | studentloandefaulters | View on Reddit | 10 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.
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.
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.
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.