iamomeed Posted November 9, 2012 Report Share Posted November 9, 2012 Hello all,I received 4 collection letters from AIC, allied international credit corp, for 4 private student loans with keybank. The total for them is approx $100Kdate of last activity is 2009, i am in texas. SOL is 4 years here.What should I do next. Should I validate all 4? Do you think they will negotiate the debt? Thanks!O Link to comment Share on other sites More sharing options...
1stStep Posted November 9, 2012 Report Share Posted November 9, 2012 Send a DV request...Dear AIC:I dispute the alleged debts claimed due. I demand validation.Sincerely, Me Link to comment Share on other sites More sharing options...
Guest CitiAssiststudentloan Posted December 3, 2012 Report Share Posted December 3, 2012 Don't do anything until the SOL kicks in. You're less than a month away from 2013 when the debt expires. Link to comment Share on other sites More sharing options...
admin Posted December 3, 2012 Report Share Posted December 3, 2012 There still could be no SOL on private student loans. Link to comment Share on other sites More sharing options...
antiquedave Posted December 3, 2012 Report Share Posted December 3, 2012 There still could be no SOL on private student loans.I thought they were like twinkies, no expiration datethe debt collectors for them can still violate FDCPA and can be sued but you have to make sure they are a debt collector and not a servicerthe servicers are hard to get at, sometimes though your state law may snag them as they often ignore state laws since they don't usually carry the same punch, the exception would be a state violation class action with 5,000 members of the class or more. Link to comment Share on other sites More sharing options...
bloomingdale Posted December 6, 2012 Report Share Posted December 6, 2012 It is wise to wait, but still on watch of the dates. Link to comment Share on other sites More sharing options...
Hoosiernative Posted January 11, 2013 Report Share Posted January 11, 2013 Where do you find the SOL dates for private student loans for your state? Link to comment Share on other sites More sharing options...
Credithis Posted January 11, 2013 Report Share Posted January 11, 2013 Federal student loans have no SOL. However, most private student loans can be treated as any other debt and the SOL does run out. Link to comment Share on other sites More sharing options...
admin Posted January 11, 2013 Report Share Posted January 11, 2013 It depends on the student loan. Some private student loans also have no SOL. Link to comment Share on other sites More sharing options...
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