question about a educational loan.

[debtor36K]

I took out a loan with well's fargo back in 1999 for educational purposes. I included it in my bankruptcy creditor matrix because I know you have to and I also assumed that the loan is dischargeable. I haven't even been to my 341 one yet but when I looked at a copy of my credit report Well's fargo has closed the loan, the balance is $0 and it says debt included or discharged in chapter 7. Account type: unsecured loan. My question is should I stop making the payments? Do you think they are going to allow it to be discharged?

[Priceless ProSe]

I wouldnt stop making the payment. They might have sold the loan or if you had a cosigner it might have been put in thier name now. Possibly just an error, but 99.999% sure its not discharged.

Call them and ask.

EDIT: I think I misread the post, sorry. Please disregard the above comments as there is not enough info to make this conclusion. Did the bank know what the loan was for?

[debtor36K]

The bills I get every month say Well's Fargo Educational Financial Services. I owe about $5000 more on it. I searched the internet about it and someone was saying how they discharged the debt only to have a collection company contact them years later saying they want the money. I think maybe they sell the debt off.

[JRScott]

Student Loans are nondischargeable.

However it would depend on the structure of the original loan with Wells Fargo. It is possible it is discharged.

If you filed with a lawyer I'd call and ask him.

[wolfledet]

My student loan was from a company out of California, TFC Corp. They filed mine on credit report as included in bk and zero balance. Of course they are not a big company like Wells Fargo...but I hope it was able to get discharged.