• Welcome to The Student Loan Debt Forum | The College Investor. Please login or sign up.
 

Show posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Topics - ianyu123

1
I was unable to start paying off my 20k educational loan with Wells Fargo for 4 months after the start date arrived. By the time I tried to arrange a plan they wrote it off. I started paying 500 a month and stopped with this crisis for 3 months as they were not sending me any written communication and I was not able to reach them at all since they also closed my web account on their portal that I had for years. This delinquency came up on my credit which previously was excellent and brought my score down a lot. Today they sent a letter offering I either pay monthly my entire balance or pay off the whole thing by giving them a lump sum of 8K. 

Can anyone help with good advice on how to approach so to not make my situation worse and if possible recover my credit reputation?

Thank you.

Ian