Good ole wells fargo!!!

[loko2012]

I was recently discharged (chap.7) in 9/08. I have about 100K in Sallie Mae and 20K in WF. The MOMENT i was discharged, WF wanted payment in full OR $700 a month!!!
Ques:

-I was told by my WF contact they CANNOT negotiate a payment plan or lower the amount I owe. Is this true?? It was defaulted when I filed bankrupcty so I would think they would try to recover what they can. Is she just playing hardball??? I was hoping i could negitiate and pay .50 on the dollar and pay that off monthly..=(

Sallie mae is cool they are allowing me to defer 1 year while I get back on my feet.

[happy_ira]

I was recently discharged (chap.7) in 9/08. I have about 100K in Sallie Mae and 20K in WF. The MOMENT i was discharged, WF wanted payment in full OR $700 a month!!!
Ques:

-I was told by my WF contact they CANNOT negotiate a payment plan or lower the amount I owe. Is this true?? It was defaulted when I filed bankrupcty so I would think they would try to recover what they can. Is she just playing hardball??? I was hoping i could negitiate and pay .50 on the dollar and pay that off monthly..=(

Sallie mae is cool they are allowing me to defer 1 year while I get back on my feet.

1) With Wells Fargo, are you talking about a home mortgage or a student loan?

2) I believe I read that so called "default on bankruptcy" clauses are almost universally no longer accepted by the courts (meaning, they can;t force you out and they would likely not win in court... I *think*...)

3) Were you ever behind with Wells, or have you always been "current"? So long as you are current, I cant imagine why they would beat you up...?

??

[coloradomrg]

http://www.ed.gov/offices/OSFAP/DCS/rehabilitation.html

go there... it gives you what to do when your loan is in default. I start my rehab this month... be done in July, and can start getting this monster under control. Keep in mind that they will want atleast your regular monthly payment. They are unlikely to settle as student loans are federally insured.

You could also try getting Sallie Mae to consolidate all of your loans into one lump sum.

[Banko]

student loans

Do you have a federal student loan or a private student loan with wells. Hopefully a federal one, you can then do a deferment if you qualify. There is a economic hardship deferment and an unemployment deferment. I used to do student loan collections for WF. There is only one servicing center for student loans. It is WF EFS in Sioux Falls, SD. Pm me if you have any more questions. I will see if I can help out at all. Again the biggest thing is if they are federal or if it is a private loan.