Wells Fargo Student Loan Private

[MyDataMyChoice]

I have about 20K on a wells fargo private student loan from 2008   started off as a campus door loan... its variable with no cap  currently just under 12%  got it my first year of school -    went for masters   didnt start repayment until 2015   about 225/mo

I am contiplating filing Ch7 from a failed business venture.  I know this wont go away... but it is currently 90 days past due... at 120 it will CHARGE OFF.     Anyone have any expereicne working with charged off wells fargo private student loans?       

Will it report EVERY Month as a Charge Off ...even after Ch7?  Or will it report a charge off once.       I want to rebuild after bankrupcy

I have to settle...  what do they normally settle for?  20-40%?    

*I also have 100K federal loans (consolidated)  that are income based repayment. 

[MyDataMyChoice]

bump

[Anonymous]

This might do better under Bankruptcy.
I think I've seen a few posts about student loans being included too.
Good luck. :-)

[MyDataMyChoice]

Oh I’m not trying to include it in bankrucpy. That’s not going to happen

Thank you

I just want to know if Wells Fargo reports charge off every month on credit or if it report it once

[MyDataMyChoice]

I decided to pay the loans to avoid a charge off status.