Wednesday, February 08, 2006

My original debt was approx $1750 and has now ballooned up to nearly $5ooo.oo after penalties and interest

Quoting live Human
So is it true that Dept of Education loans are not covered under the Statute of Limitations? Also if that is true, is there any way to get help to reduce the debt? My original debt was approx $1750 and has now ballooned up to nearly $5ooo.oo after penalties and interest. Is there any legal way I can pay just the principal amount? If so, who can I contact for help to handle this?
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a debt negotiator might help
you will be liable for penalties and interest
i assume dept of edu is like the irs
GOVT
so legalities and limitations do not apply to some of these entities
but i am not sure. I WOULD think they would settle for some amount even if you only talked to them. Something is better than nothing

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