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Defaulted private student loan.

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Anonymous
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Defaulted private student loan.

When I was in college I got a private student loan through AES/Chase with my husband as a co-signer.  Payments came due while I was still in college and I did not know it was time to start paying because we had moved and I did not get their letters.  They sent me to one of their collection agencys and I started to make payments, that place then sold me to another one.  I made payments with them for a year when my husband became temporarily disabled and I called them up and asked if I could make a payment 2 weeks late and then when it went late they charged it off.  

 

Chase then took back the account and I have been paying $200 a month for 4 years (between all the places).  I call Chase every 3 months and set up payments for the next 3 months.  I have never had a problem and now they are telling me sorry you need to take out a loan and pay us off, we can't take anymore payments because you have been paying too long and too little.  Both our credit reports say: Closed - Derogatory and Latest Status: Collection/Charge-Off.  I laughed and told the lady that I can't get a loan because they ruined my credit by charging me off when I asked for help.

 

So what are my options now?  I know it won't hurt my credit anymore but I have been trying so hard to fix our credit and get balances down so we can buy a house.  Are they going to sue my husband?  I don't need a garnishment on his record.  I left a message for someone else there.  Help!  Smiley Sad

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