Sued for Private Loans (Sallimae)
Posted by hamzach20k@reddit | studentloandefaulters | View on Reddit | 6 comments
Hey Yall,
I was sued for my salliemae loans (4 loans worth 70k). They sold my debt to a debt collector who sued me. Out of four loans 3 are over the sol. I contacted a few lawyers and they all are charging between 7-8k just to represent (without trial). Is this too much? Btw I already filed my answers for all of the complaints. Any advice will be much appreciated.
dustystar05@reddit
I would def be interested in hearing how this goes for you. I have one private loan that is about 6 month short of SOL for my state, and was just sold to a collections agency. The lawyer I had retained 4 years ago when I defaulted has since decided to change what he practices, so now I am looking for a new lawyer and it is hard. They either only want to talk to you when your are sued or charge a lot just to be retained. Hopping you the best as I know they creates a lot of stress.
hamzach20k@reddit (OP)
Yea I will be updating this most every time theres a milestone. I hope no one sues you. Best of luck!! One of my loan I was only 4 weeks away and they sued me.
failing-up@reddit
What happened??
hamzach20k@reddit (OP)
Got sued went to court and made a settlement.
failing-up@reddit
Damn, sorry to hear that. Thanks for replying
Moneycome2me@reddit
What ever happened?