Legal Question in Credit and Debt Law in Ohio

I was contacted by a collection firm in concerns to a student loan, this was a private student loan, the collection firm has told me there is nothing that can be done in terms of prolonging the collection, that either a settlement or a 15 % payment is needed to do anything to delay payments or pay the a settlement amount, the total amount is around 35 thousand for 2 loans. I have been out of school for a little over a year now and am having issues with making other loan payments for direct student loans and sallie mae, I am also returning back to school to finish a co-op requiment, are there any options for me at this point?


Asked on 3/09/12, 1:51 pm

1 Answer from Attorneys
Eric Willison Eric Eastman Willison

It is my understanding that in most cases, if you go back to school, your student loans go back into forbearance. You may want to check around to make sure that is right.

Read more
Answered on 3/11/12, 1:27 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Ohio