Central District Consumer Bankruptcy Attorney's Association

Thanks Lou, much appreciated. Peter
"Law Offices of Louis J. Esbin" wrote:Peter,
Make a demand under the FDCPA for a verification and validation of
the debt. Demand copies of all documents and documetation under
which they are collecting the debt, including the documents and
documentation under which they are authorized to collect the debt;
ie, their assignment agreement. Demand a statement of the account,
including all principal, interest, fees, costs, and payments. They
have 30 days to respond. I am not sure whether there is an
exclusion under the FDCPA for assignees of Sallie Mae, but let them
determine that during the thirty days.
I am not in the office, but remember the name, and think that I
objected to a claim in a bankruptcy case where they did not fully
document their claim. When I get back to the office, remind me to
look up Van Ru.
Good luck and best regards. Lou Esbin
> I would appreciate feedback from anyone who has experience
settling defaulted Sallie Mae student loans through a collection
company called "Van Ru".
>
> This collector represented to the non-bankruptcy debtor that it is
bound to accept not less than 1.5% of the balance per month for 12
months before the account is returned to current status. Is this a
fixed guideline of Sallie Mae or is it merely a collection company
negotiation statement?
>
> Has anyone been successful in obtaining relief of all or part of
the penalties, before or after the 12 monthly payments?
>
> Thank you much.
> Peter
>
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Thanks Lou, much appreciated. Peter"Law Offices of Louis J. Esbin" <Esbinlaw@sbcglobal.net> wrote:
Peter,Make a demand under the FDCPA for a verification and validation of the debt. Demand copies of all documents and documetation under which they are collecting the debt, including the documents and documentation under which they are authorized to collect the debt; ie, their assignment agreement. Demand a statement of the account, including all principal, interest, fees, costs, and payments. They have 30 days to respond. I am not sure whether there is an exclusion under the FDCPA for assignees of Sallie Mae, but let them determine that during the thirty days.I am not in the office, but remember the name, and think that I objected to a claim in a bankruptcy case where they did not fully document their claim. When I get back to the office, remind me to look up Van Ru.Good luck and
best regards. Lou Esbin--- In cdcbaa@yahoogroups.com, P L <petermlively2000@y...> wrote:> I would appreciate feedback from anyone who has experience settling defaulted Sallie Mae student loans through a collection company called "Van Ru". > > This collector represented to the non-bankruptcy debtor that it is bound to accept not less than 1.5% of the balance per month for 12 months before the account is returned to current status. Is this a fixed guideline of Sallie Mae or is it merely a collection company negotiation statement?> > Has anyone been successful in obtaining relief of all or part of the penalties, before or after the 12 monthly payments? > > Thank you much.> Peter> > __________________________________________________> Do You Yahoo!?> Tired of spam? Yahoo! Mail has the best spam protection
around > http://mail.yahoo.com__________________________________________________Do You Yahoo!?Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com

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Peter,
Make a demand under the FDCPA for a verification and validation of
the debt. Demand copies of all documents and documetation under
which they are collecting the debt, including the documents and
documentation under which they are authorized to collect the debt;
ie, their assignment agreement. Demand a statement of the account,
including all principal, interest, fees, costs, and payments. They
have 30 days to respond. I am not sure whether there is an
exclusion under the FDCPA for assignees of Sallie Mae, but let them
determine that during the thirty days.
I am not in the office, but remember the name, and think that I
objected to a claim in a bankruptcy case where they did not fully
document their claim. When I get back to the office, remind me to
look up Van Ru.
Good luck and best regards. Lou Esbin
> I would appreciate feedback from anyone who has experience
settling defaulted Sallie Mae student loans through a collection
company called "Van Ru".
>
> This collector represented to the non-bankruptcy debtor that it is
bound to accept not less than 1.5% of the balance per month for 12
months before the account is returned to current status. Is this a
fixed guideline of Sallie Mae or is it merely a collection company
negotiation statement?
>
> Has anyone been successful in obtaining relief of all or part of
the penalties, before or after the 12 monthly payments?
>
> Thank you much.
> Peter
>
> __________________________________________________
> Do You Yahoo!?
> Tired of spam? Yahoo! Mail has the best spam protection around
> http://mail.yahoo.com

The post was migrated from Yahoo.

I would appreciate feedback from anyone who has experience settling defaulted Sallie Mae student loans through a collection company called "Van Ru".

This collector represented to the non-bankruptcy debtor that it is bound to accept not less than 1.5% of the balance per month for 12 months before the account is returned to current status. Is this a fixed guideline of Sallie Mae or is it merely a collection company negotiation statement?

Has anyone been successful in obtaining relief of all or part of the penalties, before or after the 12 monthly payments?

Thank you much.
Peter
__________________________________________________
Do You Yahoo!?
Tired of spam? Yahoo! Mail has the best spam protection around
http://mail.yahoo.com
I would appreciate feedback from anyone who has experience settling defaulted Sallie Mae student loans through a collection company called "Van Ru".

This collector represented to the non-bankruptcy debtor that it is bound to accept not less than 1.5% of the balance per month for 12 months before the account is returned to current status. Is this a fixed guideline of Sallie Mae or is it merely a collection company negotiation statement?

Has anyone been successful in obtaining relief of all or part of the penalties, before or after the 12 monthly payments?

Thank you much.
Peter__________________________________________________Do You Yahoo!?Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com

The post was migrated from Yahoo.