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  1. Briefly, I co-signed with my daughter on a private student loan in 2003, which were in forebearence while I was in BK. I was discharged in 2013 and almost a year later, they requested repayment to begin. I set up temporary payment arrangements for a 3-month trial period (their requirement, not mine). At the end of the 3-month trial, in which the last payment was withdrawn in July 2015, they never contacted me about setting up permanent arrangements, which they said they would do. In my research of debt collection law, everything I can find says private loans like this is like any other consume
  2. I co-signed on a private student loan for my daughter back in 2005. Payments began 6 months after graduation (began Dec. 2006) until the wife and I filed Ch. 13 BK in Oct. 2008. Our BK attorney told us that although they would not be discharged, neither could they collect from me or my daughter while the BK was active (5 years). Unbeknownst to us, the original lender AES sold the loan to another lender and then to a collection agency, Transworld Systems. TWS made contact in 2015 to set up payments which we did. They would only do 3 monthly payments initially after which they said they would co
  3. This is kind of lengthy so bear with me. My in-laws left my wife the family home upon their deaths. My wife took out a mortgage loan some years ago and we have rented it out until last fall. We found a rental company to take over the payments (intends to buy it outright at some future point). We signed the deed of trust to the owner of the company Nov. 16, 2018. The mortgage company that has the loan was notified of the deed of trust and were suppose to send all correspondence to the owner and his company. We got the statement in late November for the December payment and thought perhaps we an
  4. NC. Contracts, both written and oral, have a 3-year SOL. The only thing that is 10 years is judgments, which are non-renewable.
  5. I co-signed on a private student loan for my daughter way back in 2004 that would not begin payments due until after she graduated. In Dec. 2006, 6 months after graduating, we began making payments. Then in October 2008, I filed Chapter 13 and the loans were put in abeyence (or whatever it was called; no payments due until discharged). I completed my 13 in December 2013. AES, the original lender, sold the loan to Transworld Systems while we were in active BK, unbeknownst to me. In January 2015, we were contacted by TW to attempt to collect. After verification, we set up initial payments of $30
  6. I'm familiar with the ins and outs of a reverse mortgage, but I'm looking for a safe reputable financial institute to deal with. My local credit union has stopped, at least temporarily, offering them and I can't find any other local institute that offers them. I did request some info online and got a call from Lenox Financial. I would rather deal with a local business rather than over the phone. I've read too much bad pub about AAG and have ruled them out.
  7. I wonder too how many of the profiles could have been possibly set up by someone other than the person to which the e-mail addy is attached with vile intentions? A friend of mine had his e-mail address used by another so-called "friend" of his on some site (not AM) and the so-called "friend" knew all his pertinent info- DOB, nickname, etc. Makes you wonder.
  8. I co-signed on 2 private SLs with my daughter. Back in Dec. 2009, I filed Ch. 13 BK and the loans defaulted. They were sold to a portfolio buyer, unbeknownst to us, who then assigned them to a CA. We were informed by the CA and after DVing the first (we were notified of it back in Nov.), my daughter called and they offered to accept $8000 on a $15500 balance. Since I had set aside money for that, she paid it. Now we have gotten a collection letter on the second one for $28,800. I am DVing it this week, but we'll have to try and set up payments for now as neither one of us have $15,000 which is
  9. Oh I definitely will talk to them once I receive DV from them. Just covering all my bases. Thanks for the help.
  10. Update- We got verification on the first SL from the CA. On a $15,000+ balance, they settled for $8000. We had the $$ and paid it. But this week I got the notice on the second SL and on an original $15,000, it has ballooned to over $28K! And this I don't have cash on hand to pay all at once. So after I DV and provided they do verify, what are the chances they would be willing to set up monthly payments? That is about the only route we can go. Just FYI, the charge-off date is listed as 4/1/2009 and our state's SOL on promissory notes is 5 years. Does BK toll the debt?
  11. Back in 2003-2004, my daughter took out 2 private SLs from American Education Services on which I co-signed. Between the two of us, we were making regular payments once she graduated (they were in forebearance until she graduated) until 2008 when I filed Ch. 13 BK. I was aware that the loans would not be discharged in BK. My daughter contacted AES about 6 months after I filed and inquired if she could continue to make payments. They informed her she could and would be desirable to help keep interest from accumulating. But after about a year, she went online to make a payment and the AES websit
  12. Back around 2004-2005. my daughter took out 2 private student loans from American Education Services on which I co-signed totaling about $25,000. In Dec. 2008, my wife and I filed Ch. 13 bankruptcy which ran for 5 years. Even though they are not dischargable, which we are aware of, the loans had to be listed in the BK matrix of debts. The loan repayments were held in suspension for the duration of the BK. My daughter contacted AES about making payments early on in the BK and was told even though they could not try and collect, it was OK to make payments as this would help keep down the accrual
  13. Only 4 months post-discharge from a Ch. 13 and still have a lot of cleaning to do, but I got a Credit One Visa (yeah, I know some people said forget them) with a $300 limit to start with and after the first payment got a $100 increase, but really that's all I'm looking for, just a small one to begin with. I don't really need a CC for much at this point. I'm waiting for a year to pass to really try for a much better card, and next month a judgment will fall off so I hope to see a nice credit score increase.
  14. While in BK, the SLs were held in suspension, so as such, they are not delinquent. I am waiting for them to contact me to resume payments.
  15. Just a general question- Do private student loans have a statue of limitations as with almost any other debt? I just emerged from Ch. 13 BK during which the loans were sold to another lender and it is far too soon to begin thinking about SOL, but I was just curious.
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