Archived
Can a student loan company report a bad credit rating if you are making an effort, and monthly payments?
Elliott's answer
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Answered on April 27, 2013
Unfortunately, the best answer to your questions is... "it depends." It depends on the payment arrangements reached with the lender, whether this...
Archived
I have a default student loan that went to collections. I have a civil judgement for a amount we agreed to.
Elliott's answer
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Answered on April 27, 2013
You hit the nail on the head. Sallie Mae is famous for their clerical errors. However, based on your description it sounds as if you have both...
Archived
If I file chapter 7 Bankruptcy will I be able to discharge (wipe out) my student loan debt?
Elliott's answer
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Answered on April 27, 2013
The law permits the discharge of student loan debt in very limited circumstances. Also, depening on whether these are Private or Federal loans...
Archived
I have a default student loan that I am currently paying a collection agency.
Elliott's answer
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Answered on April 27, 2013
The collection agency is supposed to report all payments to Sallie Mae. However, this often does not happen the way the Department of Education...
Archived
I'm paying back a student loan and the money is in limbo!
Elliott's answer
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Answered on April 27, 2013
If this is a Federal student loan, you may be elegible for what is known as and "Unpaid Refund Cancellation" under Federal Student Loan...
Archived
I have a delinquent student loan can they garnish my wages?
Elliott's answer
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Answered on April 27, 2013
Whether Private or Federal student loans, your wages can be garnished. However, with Federal the garnsihment can happen much quicker, and with...
Archived
If I discharge my current student loan due to my disability can I still obtain a student loan in the future?
Elliott's answer
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Answered on April 27, 2013
If you have a Disability finding from Social Security you "MAY" be elegible to have loan discarged without you having to file bankruptcy. It...
Archived
Student loan question
Elliott's answer
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Answered on April 27, 2013
Yes they can do that. Based upon your comments it appears you are in what is known as Default. You have rights under the law to get out of...
Archived
Can I get a lawyer to get Sallie Mae to respond to my applications for income-sensitive repayment?
Elliott's answer
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Answered on April 27, 2013
I often see delays from Sallie Mae, lost paperwork and excuses that force borrowers into default. Sallie Mae gets to add an 18.5% collection fee...
Archived
Can you help me or not?
Elliott's answer
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Answered on April 27, 2013
It sounds like your student loan servicer has improperly accounted for your payments. You would be best advised to discuss this with a student loan...
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