My question involves collection proceedings in the State of: New York
Hello, I took out private (non-federally backed) student loans in 2007 with My Rich Uncle (Education Empowerment Fund). The company went bankrupt in 2009 due to shady practices, and a company called Younomics took over their debt. https://en.wikipedia.org/wiki/MyRichUncle
I've been timely in payments since 2011, but my husband looked into it and realized I was paying a 10.25% in interest. I never remember signing a promissory note for that high of a rate. (I've since moved and can not find the original loan paperwork) Their only form of communication with borrowers is through email. (there's no number for them online anywhere) I requested all original paperwork with My Rich Uncle through email, and they replied all documents would be mailed. I've been waiting and still nothing sent. My husband says we're not paying until we can get the original documents. Also, I did some research and NY has a student Bill of Rights, and my rights have been violated http://assembly.state.ny.us/member_files/047/20071109/
My questions:
Can a company change the interest rate without my consent and still collect repayment?
What if they can't produce the promissory note I signed with the original company? Can I still be liable for the loans?
What will happen if I stop paying completely? Other than my credit, what's their recourse against me?
Since these are private loans, after the statute of imitations are up, what are possible consequences?
Any info will be high appreciated. Thanks!!

