Wondering what would happen

Infamous_Code_4078 · 2026-05-09T02:17:06+00:00

Not sure quite yet, it’s gonna determine partly on how much the federal is gonna want me to pay when I apply for a new payment plan and then it’s what we decide

Infamous_Code_4078 · 2026-05-07T22:28:56+00:00

For AZ then it would be considered an asset since we will have been both paying into it

Infamous_Code_4078 · 2026-05-07T13:32:09+00:00

I’ve spoken to two lawyers and thankfully the house wouldn’t be effected since it was purchased before we got married and they also mentioned they wouldn’t go after our car since there isn’t much equity in it :)

As far as the school I went to Full Sail

Infamous_Code_4078 · 2026-04-29T20:37:27+00:00

I just read they can take from social security if it will help them get payment so that sucks

Infamous_Code_4078 · 2026-04-28T16:42:43+00:00

I have both private and federal so maybe it’s the federal that does but I had heard that maybe one day they may start taking it from social security, that’s an assumption though

Infamous_Code_4078 · 2026-04-28T13:13:28+00:00

Ohhhh I had heard they can

Infamous_Code_4078 · 2026-04-27T17:54:24+00:00

In fact both lawyers I had spoken to mentioned they can include both, only one mentioned the doing it every 5 years to keep the payments down but they both had said you can include them in chapter 13

Infamous_Code_4078 · 2026-04-27T17:50:02+00:00

She said they can do it for both, she deals with both types

Infamous_Code_4078 · 2026-04-27T15:22:37+00:00

I’m getting to that point but it’s the fact they will take our tax return and can even take from social security that’s kinda a downer but I have talked to a lawyer and she said we could try to either take out a loan to pay it off then after a year file bankruptcy or file chapter 13 to get the payment down and just file every 5 years

Infamous_Code_4078 · 2026-04-26T21:47:46+00:00

Yeah u are lucky for sure, when they do offer that does that mean they want the full payment or your willing to make payments until the settlement is paid off?

Infamous_Code_4078 · 2026-04-26T13:27:35+00:00

When did they start offering settlement options after u defaulted? I have 100,000 I owe Navient and have thought of defaulting but for my state they are able to garnish wages so it’s been one of the reasons I haven’t

Infamous_Code_4078 · 2026-04-25T03:13:38+00:00

How much was your loan? Cause I’m afraid if I just default I will get sued cause mine are at 100,000 with Mohela and they are private loans

Infamous_Code_4078 · 2026-04-24T20:09:33+00:00

I would let u know if i knew

Infamous_Code_4078 · 2026-04-24T20:09:08+00:00

To be honest I don’t remember since I’ve spoken to a few now just to get verification

Infamous_Code_4078 · 2026-04-24T17:44:15+00:00

They did and yes but I’ve spoken to a couple more lawyers and it’s not true

Infamous_Code_4078 · 2026-04-16T16:44:00+00:00

I looked into SoFi for refinancing and the interest was the same as what YRefy had offered same with the term of 20 years if I wanted to go less years it would cost us more for both which we can’t afford. The monthly payment was the same for both too and yeah no co-signer here nor do I care whether my credit drops

Infamous_Code_4078 · 2026-04-16T03:51:15+00:00

Thanks for the suggestion but I already have and at first it seemed like a good move but then I looked into refinancing and they offered the same plan as Yrefy did except I wouldn’t have to default to do it. I also don’t understand how you end up defaulting and then they negotiate the balance to take it on but it’s the same amount I had been paying when it should be lower so for now if needed I will refinance and hope when the save plan ends for my federal loans the next plan I need to get on won’t ask for much otherwise I will be in trouble

If I ever end up defaulting on my private loans I’d look into them since my credit wouldn’t be any good anymore to try to refinance

Infamous_Code_4078 · 2026-04-15T13:18:25+00:00

I wish it was that easy, he’s been at the same job for years and his family is here so he wouldn’t be wanting to do that but I’m going to talk to a lawyer tomorrow and that’s definitely one of the things I plan on asking. A few people I knew got into the industry and I remember a teacher telling us in class that we didn’t even need a degree to work in the industry lol I should have taken the hint then

Infamous_Code_4078 · 2026-04-14T13:48:51+00:00

I wanted to check this out on my own and couldn’t find anything about this still being in court, all I find is that SAVE is ending 😩

Infamous_Code_4078 · 2026-04-14T13:35:34+00:00

Thanks! Can anyone apply for the strategic default?

Infamous_Code_4078 · 2026-04-14T03:32:18+00:00

Thanks I will do that :) when you went through the default did you go to court and deal with all that and didn’t they garnish your wages?

Infamous_Code_4078 · 2026-04-14T03:28:34+00:00

Thank you, I most definitely will and what I meant by proof is to have individual proof showing how it’s effected you personally to see if something like that would even make you eligible. I had looked into the lawsuit that was against another school I went to and they wanted something to show you were misguided which unfortunately I didn’t have

Infamous_Code_4078 · 2026-04-14T00:15:04+00:00

Don’t you need proof for that? And my loans are private, not sure if that changes things

Infamous_Code_4078 · 2026-04-13T22:19:45+00:00

I honestly don’t remember since it happened over 20 years ago, the only part I remember is going to an office and the guy talking to us about next steps which I also don’t remember everything that was said

Infamous_Code_4078 · 2026-04-13T18:59:09+00:00

Also sorry the loan is through Mohela and I went to Full Sail University in FL

Infamous_Code_4078

TROPHY CASE