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Posts: 29,980
Registered: ‎12-13-2013

Student Debt Giant Navient to Borrowers: You’re on Your Own

The servicer says publicly it wants to help you pay debt. In a government lawsuit, it has a different message.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."
- Rhonda Byrne
Super Contributor
Posts: 9,332
Registered: ‎07-17-2013

Re: Student Debt Giant Navient to Borrowers: You’re on Your Own

Companies are never in the interest of the consumer...Smiley Sad
(BK7 d/c-08/2013/FICO-400's)---> 04/2017 FICO- EQ-663, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
Established Contributor
Posts: 576
Registered: ‎06-22-2013

Re: Student Debt Giant Navient to Borrowers: You’re on Your Own

This is not a shocker. 


Trying to get them to apply my additional payments in the way I directed was always quite the hassle. 


Luckily, I can now say "was" as opposed to "is" now that I've refinanced under much more favorable terms. Smiley Happy 

New Contributor
Posts: 437
Registered: ‎02-07-2017

Re: Student Debt Giant Navient to Borrowers: You’re on Your Own

VERY interesting, particuarly as I have a nearly 25-year-old debt that's been giving me fits for most of those years. I've been quietly paying it in to Navient since December 2015, after having been in a long forbearance period (during which, naturally, interest accrued), but I wonder, should this lawsuit actually go through, if I'll end up recovering anything. In any case, I'm iffy about refinancing - the total principal left is pretty small ($5,300 or so) and my monthly payment is only $73.50 at 8%, so I'm not sure if it'd be worth the time and trouble to refinance with a different lender (Penfed?) at this point.

Rebuilding credit since 2015 (BK filed 8/14, discharged 12/14) - started out in 570's, now approaching 700 (FICO 4/17:TU 627/EX 662/EQ 659 FICO 8 or 690 NG 2, VS 3.0 4/21/17: TU 684/EX 685/EQ 691)! $951 Cap One secured/$3000 Cap One unsecured/$800 Amazon Prime Store Card/$2500 Discover It (NEW 03-21-17)/$10k PenFed used car loan/$5k Navient student loan. In the garden until Sept. 2017 unless I get an offer I can't possibly refuse...

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