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  1. #1
    Join Date
    Jan 2010
    Posts
    4

    Default Defaulted Loan Transferable to Dept. of Ed

    Is it possible to work directly with the Dept of Ed. (who apparently backed my Private Sallie Mae loan) instead of dealing with a third party collection agency? If so, how? and would I be able to better negotioate payments or a settlement? My loan has recently gone into default in MD.

    Thanks a lot,

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Defaulted Loan Transferable to Dept. of Ed

    Sorry, you need to deal with your creditor or its collection agency.

  3. #3
    Join Date
    Jan 2010
    Posts
    11

    Default Re: Defaulted Loan Transferable to Dept. of Ed

    The DOE is backing Sallie Mae private loans now? Wow.

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