That is a good idea - opening a separate account especially for a certain bill to be drafted. However, I would prefer to initiate payment.
Maybe I should rephrase the rant about the student loan. I think there are things people don't realize when they sign up for one. Did you know if it goes to collection, they can add 25% in fees? When you are talking thousands of dollars, that is a big increase. No one expects financial difficulties, getting behind on bills, or going into default. But, life happens. With the abudance of scholarships available, I would encourage anyone to explore all the possibilities before going the loan route.
In my case the shark creditor is NCO Financial Systems. No, they were not reasonable or willing to work with us from the start. They threatened garnishment in the first conversation and demanded no less than a certain amount of payment, whether we agreed or not. It is my husband's loan. They have added an enormous amount of collection fees. It seems like if they would be more reasonable, they would get better results.
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