Also, my student loan qualifies for an interest rate reduction if I sign-up for online statements.
Techar, who is also a member of BMO’s executive committee."Don't wait and think the creditor is going to go away."As long as your debt hasn't already been written off, some creditors may be willing to talk about debt settlement as your account becomes more delinquent because they see it as a loss risk.But Jackey points out that if you act early, you may have other options, such as formulating a debt management plan that lets you pay the debt in full and salvages your credit score. Find out for free at my Bankrate."In this economy, creditors are often trying to do loss aversion, where consumers and creditors work together to have a positive outcome," she says."Any settlement for which the forgiveness of debt is greater than 0 becomes a taxable event," Graves says.I just need to vent about my student loan servicing company – Fed Loan Servicing.They recently took over a student loan of mine that was purchased by the Department of Education.