Did you NOT read the Truth in Lending Statement which informed you that the interest on the loans was probably 300+% for each loan? You have only been paying interest and you still owe the rest under the contracts. They have no reason to settle for less. You can choose to stop paying and start dealing with third party debt collectors in the hope they will violate federal law or file bankruptcy. If they do violate collection law, you could sue if you could find them.
This comment is given for educational purposes only. No attorney-client relationship exists between us.
You might want to talk to a local debt settlement / bankruptcy lawyer about how to do this.
This general opinion is for informational / public educational purposes only. It DOES NOT create an attorney-client relationship. No communication can ever replace the specific advice of a lawyer who you have hired to represent you. Each person's situation is different, and additional facts can change legal outcomes. You should consult privately with a lawyer if you have a question about a legal dispute.