If you were to die and leave
behind private student loan debt, your spouse or co-signer could be responsible for paying it off, leaving them with a significant burden.
(Watch Video of Paul Paquin, Golden Financial's CEO, discuss the complexity
behind private student loan debt - https://www.youtube.com/embed/LM5ty4jrroQ)
Learn about the Problems and Complexity involved with private student loans, some critic's call the lending process
behind private student loan debt, a straight up scam.
Not exact matches
You fell
behind on your
private student loan payments (by more than 90 - days); to the point where your
private student loan account was «written off» and sold to a third - party
debt collection company (where the bank — and whoever else is involved — can now remove the account from their balance sheet).
Dealing with
private student loan debt behind the scene; is like dealing with a group of ghosts.»
When you fall
behind on
private student loan payments, within about 4 - 6 months the bank will write the
debt off and sell it to a third - party collection company.
For example, do you know who owns your
private student loan?The truth is that at times, nobody knows, because
loans are transferred from institution to trust, and they continue to get transferred with little paper trail left
behind, making it near impossible to validate these
debts.