SolaceSoul Posted October 6, 2008 Report Share Posted October 6, 2008 I took out some small student loans in 1989, the year I graduated from college. One was a Perkins loan (I think), totalling $750. They were for books emergency loans and were from my school. I never paid it and it never defaulted. Recently, I have started received bills from some company called ECSI for these loans plus interest. These loans were taken in January 1989 and became delinquent 6 months later! Isn't there some SOL on this? None of these show up on my credit report.BTW, all of my other loans were eventually forgiven due to disability in the mid 90s, and show up on my credit report as "paid by another source", and are not derogatory. What can I do to stop getting these bills from small student loans taken almost 20 years ago? Do I need to worry about this at all? Link to comment Share on other sites More sharing options...
zfire Posted October 6, 2008 Report Share Posted October 6, 2008 I'm not sure you can get rid of a Perkins loan. If I remember right, I think that's one of the government loans. If it is this type of loan, I believe you're going to have to figure out how to pay it.Anyone else have an opinion? Link to comment Share on other sites More sharing options...
AboveAverage Posted October 7, 2008 Report Share Posted October 7, 2008 I really hate to be the one to tell you this, but you are SOL. (And no, I don't mean Statutes of Limitations...I mean that other one....)Federal Student Loans never go away. In fact you should have definitely seen them defaulted on your CRs. The fact that you got something now, will mean that if you were enjoying tax refunds, they will now be offset. What I would do is see if your loan exists on this site:http://www.nslds.ed.gov/nslds_SA/If it does, find out if this collector is your guarantor (you will see that information there on the NSLDS site....you're going to have to fill out stuff for a pin and all that). Then you'll want to see if you can work out a payment plan or rehabilitation. This isn't that type of loan that goes away after 7 years (trust me...I know....). Link to comment Share on other sites More sharing options...
Cynic Posted October 8, 2008 Report Share Posted October 8, 2008 If you have a permanent and total disability you CAN have your Perkins loan discharged. Here's a link to the form that you need to complete with your doctor and send to the loan holder:http://www.nchelp.org/elibrary/Forms/ForgivenessandDischarge/GEN0614AttachB.pdf Link to comment Share on other sites More sharing options...
LynnInMN Posted October 8, 2008 Report Share Posted October 8, 2008 If you have a permanent and total disability you CAN have your Perkins loan discharged. Here's a link to the form that you need to complete with your doctor and send to the loan holder:http://www.nchelp.org/elibrary/Forms/ForgivenessandDischarge/GEN0614AttachB.pdfOP received a job offer earlier this year according to the archives....dont think he will qualify for permanent and total disability anymore. Link to comment Share on other sites More sharing options...
losanglesgal Posted October 15, 2008 Report Share Posted October 15, 2008 SolaceSoul, I would call the lending institution before discussing anything with that CA. (Send them a DV letter though.)I recently received an offer from a CA offering to help me "consolidate" my Perkins loans when it wasn't even their jurisdiction. They were hoping I would bite so they could reap a percentage of a collection fee that gets added when you either 1) pay them in collection or 2) consolidate. It's kind of equivelent to cold calling people with old debts. It's legal to levy that fee on the whole amount twice, it's either 18.5% or 24%, I'm not sure.You can read the whole account of my experience here: http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=290322 .Before you do anything, call the school. See what they can do for you.And it wouldn't hurt to see what the FAS site says about your loans according to the NSLDS, but keep in mind that the information could be inaccurate -- just like the info on a CRA. Link to comment Share on other sites More sharing options...
LynnInMN Posted April 2, 2010 Report Share Posted April 2, 2010 I think you should have to pay this bill because this bill is regarding to government and government have strict rules regarding loans.pm....You are answering a two year old thread... Link to comment Share on other sites More sharing options...
jq26 Posted April 3, 2010 Report Share Posted April 3, 2010 Lynn, fyi- pmhager and a few others are bots. There isn't any human behind the posts, just code. Link to comment Share on other sites More sharing options...
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