Legal Question in Credit and Debt Law in Georgia

repayment plan to collection agency

I just found out that my daughter has a Lost the Hope loan of $11,000 from 2 years ago. College made no attempt to notify parents (who sent in payments for 3 years--they had my address,phone). Is she sole debtor? This was turned over to collection agency. She clears approx. $900/mo. Is repayment of $100/mo. an acceptable repayment amount? This is pretty much all she can afford to pay monthly. Thank you for your help.


Asked on 8/26/08, 8:05 pm

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: repayment plan to collection agency

Your post makes no sense. You sent in payments for three years for a loan you just found out about? How?

Unless you cosigned, it's not your loan. your daughter should NOT talk to a collection agency without first talking to an attorney to explore her options.

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Answered on 8/26/08, 9:36 pm


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