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Private Student Loans, Sallie Mae Was Bought by Wells Fargo

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  • 10-04-2013, 05:50 PM
    spacefrogg5
    Private Student Loans, Sallie Mae Was Bought by Wells Fargo
    My question involves collection proceedings in the State of: California

    helping out a friend of mine... she dropped out of school (private university), her student loans were by sallie mae and bought be wells fargo. she is $140k in debt and has not worked in years, unable to secure a job, but i see she has been trying daily.

    since its a private student loan bought by another company can she file bankruptcy or how can she settle for the original amount of $80k.
  • 10-04-2013, 05:59 PM
    Dogmatique
    Re: Private Student Loans, Sallie Mae Was Bought by Wells Fargo
    There is more than one type of loan offered by Sallie Mae; she really needs to talk to an experienced bk attorney who can advise whether the loans may be dischargeable.
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