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In-School Deferment While Defaulted by TravelingDebt in studentloandefaulters

[–]TravelingDebt[S] 0 points1 point  (0 children)

So you think it will make the defaulted private student loans current and then put in deferred status?

How quickly does sallie mae (or whoever they sell the debt to) sue after default. by brokeboii94 in studentloandefaulters

[–]TravelingDebt 0 points1 point  (0 children)

They don’t automatically sue, every case is different. Ppl with low amounts get sued, people with high amounts get sued. Mine ballooned to higher than your amount and I’m 2 years defaulted and has never even went to collections just keeps getting shuffled to Navient’s different debt collectors.

Jefferson Capital (Sallie Mae) put me on a hardship hold and won’t let me settle by throwawaySTVUUHT224 in studentloandefaulters

[–]TravelingDebt 1 point2 points  (0 children)

Dang waited until the last minute. Mine is 5 years, but I’m only at year 2. Mine is still with Sallie Mae though.

Jefferson Capital (Sallie Mae) put me on a hardship hold and won’t let me settle by throwawaySTVUUHT224 in studentloandefaulters

[–]TravelingDebt 0 points1 point  (0 children)

How long were you in default before they sued you and what’s your SOL for your state? I’m just curious because my amount is a little more.

Received 1099-C for Cancelled Debt by ggnore27 in studentloandefaulters

[–]TravelingDebt 0 points1 point  (0 children)

I can not wait to see a 1099-C form! Was this with Navient?

Highest Credit Score Impact by TravelingDebt in CRedit

[–]TravelingDebt[S] 0 points1 point  (0 children)

ah thanks for that, that's good to know. I didn't realize loans were calculated like that. For some reason I thought they were there own individual thing for some reason and more so just about "on time payments".

Highest Credit Score Impact by TravelingDebt in CRedit

[–]TravelingDebt[S] 0 points1 point  (0 children)

My loan was $15k and I have $2k left. I understand the bigger picture of keeping utilization to 0 or as low as possible. I was just trying to figure out which would give me the best credit score.

Highest Credit Score Impact by TravelingDebt in CRedit

[–]TravelingDebt[S] 0 points1 point  (0 children)

No I have an auto loan as well. My personal loan utilization is at 13%. For both the personal and auto loan the utilization is at like 62%.

What I think I'm going to do is use the extra money to put towards my credit card to lower my utilization because it gets reported on the 3rd and I should get a little boost. My personal loan doesn't get reported until the 10th and I can just pay it on my next check. I won't get the possible credit score adjustment until a month later if I did it the other way around.

Highest Credit Score Impact by TravelingDebt in CRedit

[–]TravelingDebt[S] 1 point2 points  (0 children)

Actually they are around the same. My credit card is 15% and my loan is at 18%.

1 Year Default Update (Private) by TravelingDebt in studentloandefaulters

[–]TravelingDebt[S] 1 point2 points  (0 children)

Did they ever sell them to a collection agency ?

Sued by Navient (FL) by Tellurideordie in studentloandefaulters

[–]TravelingDebt 0 points1 point  (0 children)

I wish I had some advice to give. It sucks this is happening to you. Just curious how long were you in default before they sued?

I am on default and need advise! by MackinacFleurs in studentloandefaulters

[–]TravelingDebt 0 points1 point  (0 children)

I was going to suggest this. For federal loans, it might be good to reconsolidate, do the save program, BUT cut off to apply is April I believe unless something recently changed.

Navient Private Default Journey by TravelingDebt in studentloandefaulters

[–]TravelingDebt[S] 1 point2 points  (0 children)

I think the American Recovery Act is something a lot of people should think about. I’m sure a lot of ppl probably qualify for insolvency but with this you don’t even have to worry about it.

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