marisakay

student loan goes to collections SOL?? settle??

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hello all, youhave helped me O SO MUCH in the past few yrs, I got a case dropped last yr when a creditor was trying to sue me for over 2000 bu they did MANY VIOLATIONS which I caught them on, so in court they agreed to drop...so thanks for that!!!

now, I have 900 school loan from OSU that I seriously forgot I even had....it is from 1997, I got a letter from OSU last month saying I owe 900 still..so I mailed them letter asking for payment arrangements, never heard nothing back...yesterday got a letter from CA (GENERAL REVENUE CORP) saying I owe 900 plusinterest (45bucks) collection charges 333.35, current OTHER charges 203.00 for a grand total of 1482.17

I know to DV them correct?? and then try to settle??? or fight this? is there SOL in OHIO from 1997...should I instead just try to settle for like half?? they really tacked on lots of charges didnt they? any input would be lovely...you all rock :) thanks

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sorry. I know this isnt entirley true, but there is no such thing as getting them on violations. Yes they have to follow FCRA, but forget fdcpa. Just negotiate. It'll be a long ride :)

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Yes they have to follow FCRA, but forget fdcpa.

Not true. The FDCPA applies to debt collectors attempting to collect student loans.

However, as admin pointed out, there is no SOL.

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Not true. The FDCPA applies to debt collectors attempting to collect student loans.

However, as admin pointed out, there is no SOL.

Hi. First time i've posted here. jsut for starters I know you all hate CA's however some of us gotta earn a living. I work at General Revenue Corp. Yes we definately do have to abide by the FDCPA. All 3rd party collectors must abide by those laws. As for the SOL, when we intend to litigate we are required to know the SOL for the state of the debtor. There is a difference between a federal and non federal student loan though. As far as the additional charges that were added to the account, those had nothing to do with the CA (GRC at least). The school, or the AG's office, are in charge of all fee's being added. When the account is placed they break down the charges so we can inform the debtor of why the balance is what it is. Interest is assigned by the school as well as default charges. As far as settlements, we have no control over those either. Some schools give us permission to waive some fee's and some say no SIF's (Settlement In Full) are allowed. It never hurts to ask though. Sometimes we are able to request a SIF from the school they either accept, decline, or counter. Thats all for now. If anything else catches my interest i'll reply. Thanks for your time.

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lol, Hello. I just have to point out that i said my post was not totally accurate. I know CA has to post (or is suppose to post) accurately and not post wrong info and so on or risk violating the fdcpa. There are a lot of things to get a CA on, and i realize there is a big diff between fed loan and bank loan. What i was trying to point out that student loans have signature, validation, and if a fed loan it will be there forever.. lol. But also as far as hating CA, I really have to say I like em. they have paid more than one of my bills. lol.

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ty all for your info...now for an update...I have requested debt validation from them 3 times since FEB.....every time they have ignored it and keep cvalling me and keep sending me bills....my last letter I again stressed that I wanted validation but got nothing but more phone calls (i also did cease letter)

well now for my update...I just received a letter from a NEW company that NOW has the loan for collections and now THEY are demanding 1400 and say I have 30 days to dispute.....

so where do I go from here?? was that pointless for me to DV the last collection agency??? do I just try and settle?? do I keep dving?? any help would be great!@

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Why not call the sept of education this is only going to get worse , Ohio has the worst sol laws in the land, 15 years. Student loans have no sol do you really want to mess with this for 20 years? Fix it if you owe it

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