Mar
03
defaulted student loan- better to request hearing or deal with collection agency?
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im thinking about requesting a written documents hearing. i hate going through these collection agencies. they want too much money and don’t care about your other expenses.
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2 Comments
October 4th, 2009 at 12:46 pm
You can at least negotiate with the collection agencies.
Once you go to court – there is no negotiating in their part.
You can only negotiate weather they take 10% or 25% out of your paycheck.
Going to court is expensive for these agencies, they will not give you a break then.
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October 7th, 2009 at 10:03 am
Again it depends on where you stay. In RSA you could be declared bankrupt, everything taken to pay the student loan* in full, and the rest will get x cents in the Rand. You’ll have a record for the rest of your life. Make haste and settle on something!!!!
Peace.
* All student loans must be repaid, no extensions, and in full.