I’ve had debtors in bankruptcy file case to discharge their figuratively speaking.
Although we don’t constantly obtain a release, we’ve been in a position to negotiate http://fastcashcartitleloans.com an exclusive education loan debt negotiation whereby we wiped away thousands of dollars of interest.
You may be able to reopen your old case to file the lawsuit if you’ve already filed bankruptcy. You’d would you like to consult with a bankruptcy lawyer in your area to examine your options.
#7 Can I Strategically Default on My Personal Loans
But perhaps you don’t desire to file bankruptcy.
In the end, it’s scary as fuck and it is complicated. Plus, you don’t would you like to lose your property, automobile, etc.
Just what exactly are your alternatives then?
You might stop having to pay.
Some refer to this might be as strategically defaulting.
Then again the question that is natural have is exactly what occurs whenever you stop payment?
#8 Will Navient Sue You if You Default on a student loan that is private?
Likely yes. The truth is, suing you may be the only method Navient (or any personal education loan loan provider) can forcefully gather on defaulted loans away from you.
Unlike the government that is federal which includes the energy to garnish your wages and take your income tax refund immediately, private loan providers need a court purchase to forcefully collect away from you.
But just how long does it take Navient to sue you?
There’s no one response. A great deal depends upon when you made your last repayment, what the applicable statute of limits is, etc.
Since there’s no one solution, let’s assume it requires at the very least a couple of years before they sue you after you stop paying the debt. Continue reading “no. 6 Can I File Bankruptcy on Navient Private Loans”