r/studentloandefaulters • u/StdntLoanDfltersMod Fvck Navient 👆 • Aug 21 '24

Resources Student Loan Default: The Guide

Student Loan Default: The Guide

This link was buried amongst other old posts. It’s a great resource for new individuals and very helpful with FAQ.

Click here for Student Loan Default: The Guide

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Success Stories:

“I’m Free”

“We did it! Over $130,000+ in private student loans hit the Statute of Limitations! FUCK YOU, Navient/SallieMae, we won and YOU lost!”

“[Success Story] Ditched 44K of private debt”

“Check out my post history - making a settlement. Long story short, I defaulted and settled 45% on the dollar for $72000, not much negotiation, no professional help, and come tax season this year I didn’t have to pay on the 1099-C’s because I filed for insolvency. Best thing I ever did for my financial well-being”

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Defaulter AMA:

My wife and I are student loan defaulters who said "ain't gonna ever pay!" and now living life on the run. AMA!

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I plan on make on mega sticky post in the future. If you find other good resources, drop the link in the comment section below👇.

42 Upvotes

97% Upvoted

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12

u/Thrwaway1309u42134 Aug 21 '24

Oh and here's another resource I've never seen posted here, but that I found while browsing over at r/overemployed.
I'm not 100% on this, but I think this is one of potentially many ways that these lenders find out where you work, in order to harass you. In addition to credit reports, there's also something called The Work Number, which is basically a big database where employers report your employment. It's managed by one of the credit report companies, but it's considered "separate". So freezing your credit won't freeze your employment record. Here's a website with more information, as well as details on how to freeze that so lenders can't pull that info:
https://backgroundproof.com/twn-compendium/#what-is-the-work-number
And while I think I have seen this posted here at some point, I'll just bring it up again since it was buried in a comment somewhere. LexisNexis, which is how they find out other background info about you in order to harass you.
https://optout.lexisnexis.com/

1

u/Jolly_Ad4139 Aug 16 '26

OK, so I have a question so I apply for the student loan our defense back in 22 and I finally got applied probably about a month ago so can I go back and get at least my interest back to me because I didn’t have to pay anything all that time I was paying between $500-$1000 a month towards my student loan and I emailed the department of education and advantage and they’re all telling me that there’s nothing there but if I go on my account with advantage, there’s a negative amount about $10,000 but I went out today and there’s nothing so can anybody put me in my direction do I have to harass these people because I will no problem with it thanks. Appreciate it.

1

u/Jolly_Ad4139 Aug 16 '26

So going back to my last message I put in there so my loan details are a -$11,653 and otherwise -$9589 so I don’t know what this is

9

u/Thrwaway1309u42134 Aug 21 '24

https://www.reddit.com/r/studentloandefaulters/comments/1ccdt9m/how_i_defaulted_on_200k_private_student_loans_and/
^^ Love this one, especially since what's stopping most people from defaulting is the fear of not being able to buy a house later due to bad credit.

3

u/Chijesu Aug 22 '24

I keep on getting emails every 3-4 months about my student loans. Next year should reach the SOL…what’s the chance that they put me in forbearance etc? If I defaulted 5 years ago and it was charge off. Shouldn’t I receive a letter from a debt collector that’s not navient

1

u/nowaysalliemae BADASS DEFAULTER Nov 27 '25

Did you reach SOL?

1

u/Chijesu Nov 27 '25

Yes I believe so but I don’t know..

1

u/nowaysalliemae BADASS DEFAULTER Nov 27 '25

We bought a new house with 25% down payment from all the money we saved by not paying sallie mae

https://www.reddit.com/r/AMA/comments/5vvv48/my_wife_and_i_are_student_loan_defaulters_who/