Sallie Mae Help

[xkaosx]

So I just got done going through rehab on 2 Federal Loans and have a payment schedule setup and ready to go.

I also had a Private education loan through them that wasnt part of the rehab that used to appear on my credit report but fell off.

Now it is showing up along with with other 2 fed loans and it says the payment is due on the same day and the full amount is due.

1st all- What guarentees do I have that the payment I am making will go to the Federal Loans I rehabbed and agreed to pay and not the Private ones. If any?

2nd. Will this "renew" everything now if i dont pay it and they can report it again as new debt?

[LynnInMN]

Well for starters, your sallie Mae federal loan being defaulted isnt even with sallie mae anymore.  Your guarantor paid it off and the payments go to them.

There is no sol on federal loans and since you have a FFELP loan, you always have the DOE and subrogation and their 7 year reporting cycle over your head.  Plus wage garnishment. 

Private loans.....Sallie Mae will sue on defaulted privates whether you are making payments or not.  So get it resolved. 

[xkaosx]

Sallie Mae can still sue on private loan after 7 years? It says on my credit report its supposed to fall off Dec 2009

[laz98]

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@xkaosx wrote:

Sallie Mae can still sue on private loan after 7 years? It says on my credit report its supposed to fall off Dec 2009

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it will fall off of your credit reports in 12/09.  they can still sue you whenever they like.