Has anyone else fallen delinquent with their student loan payments? What happened after? Did you end up setting up a new payment plan with the debt collector or did you continue not paying and just ignored the collectors?

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I left the country and I'm not planning on coming back.

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You definitely don't want to let it get out of hand. Just get in touch and get on a new payment plan. If you don't, it could plague your for many years.

It was almost 20 years ago for me. I got overwhelmed and didn’t even take the basic steps of filing for a forbearance. After years of ducking collections, I entered one of their programs, made my payments on time for 12 months, and all that debt was re-aged and then consolidated.

Must be a Sr. Manager thing. I did almost the exact same thing. Two years ago I hit my 20 years in repayment and the rest was written off. I actually had like $27k refunded since the forgiveness was a result of the law changes that counted time in forbearance.

Dodging your debt or the collectors doesn't make it go away. Talking to a collection specialist actually helps with figuring out what other ways you can do to make it right, they wanted to get paid so they will work with you. Ask for "hardship" loan extension if applicable in your situation, some hardship reasons could be: loss of job, death in the family, sickness, moving to a new place, divorce, natural disaster/calamities, unexpected house/car repair, etc. Anything that made you fall behind, communicate,

Dodging your debt will haunt you in the long run or in the future when you are trying to get a new loan (buying a house or car for example) and your credit score is a mess. Or the lenders see that you have unpaid balance, they can and will turn you down.

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Additional Posts in Student Loans

Damn LIBOR rate up again...

In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

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If you could go back in time what would you tell yourself before taking out student loans?

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Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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Does having student loans impact your ability to get a mortgage?

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If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

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Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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