Paing off debt gone to collection

Discussion in 'Credit Talk' started by sylvesp, Sep 8, 2004.

  1. sylvesp

    sylvesp Active Member

    Hi everybody,

    My fiancee has an unpaid student loan (about 7K).
    We want to get it off her CR.
    What is the best way to deal with this so that at the end we pay the minimum possible?

    Can anybody give me a good advice on dealing with this?

    Should I call the collection agency and offer that I'll pay 40/50/60 %?


    Thanks,
    Peter
     
  2. IrishDiva

    IrishDiva Well-Known Member

    Peter - can you provide a bit more information on the loan - is it a government load (Sallie Mae?) or a private loan through a bank? Depending on which one it is, the method of attack changes.
     
  3. sylvesp

    sylvesp Active Member

    the loan was from a private bank. By now it was sold to different collection agencies more than 4 times.

    Peter
     

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