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.