The Consumer Financial Protection Bureau announced Wednesday it is suing federal and
private student loan servicer Navient, saying the company has been «systematically and illegally failing borrowers at every stage of repayment.»
ReliaMax is both
a private student loan servicer and a lender.
Speak with
your private student loan servicer.
And for
a private student loan servicer to collect another dollar on it at that point, would be fraud.»
It seems though the best chance of success with this approach is when
the private student loan servicer makes the offer.
While it will land those folks in collections and a risk of being sued,
private student loan servicers, like Navient, are settling those loans.
Federal loans offer deferment and forbearance as a matter of law, but
private student loan servicers are not required to offer either.
More than 40 million people in the United States have a student loan balance, across federal and
private student loan servicers and lenders.
Depending on
your private student loan servicer, you can either sync your private loans with Student Loan Hero by inputting your password or upload your loan information manually.