Dumb question
Posted by AggravatingCap8648@reddit | studentloandefaulters | View on Reddit | 7 comments
I have a dumb question, please be nice to me. this is what it says on my account with Firstmark services. what’s next for me? can they sue me still? or do I ride out the wave from here on out? took the loan out in a different state from where I currently live.
morbie5@reddit
That depends on the statue of limitations. When did the loan first go delinquent?
AggravatingCap8648@reddit (OP)
My first missed payment was November 2024
morbie5@reddit
Do you know the statue of limitations in your current state of residence and in the state where the loan originated from?
AggravatingCap8648@reddit (OP)
Yes4-6 years in Cali and 5 years where I currently live
morbie5@reddit
Well they can still sue then.
Have they offered a settlement yet?
AggravatingCap8648@reddit (OP)
Thankfully I haven’t heard anything from them. I’ve also made myself “judgement proof” hoping that helps
atarchived@reddit
It likely was sold to a collection agency. Have they been harassing you or trying to negotiate? I would read the pinned guide in this sub that details what to expect. This will help you understand where you’re at in the journey of default and what to do/not do.