I have recently come into enough money to pay off the the entire balance of my defaulted student loan which is roughly $9,000 as of today. I dropped out of school about 5 years ago and the debt was originally much less. What is the best to go about paying this off?
I have 2 different credit agencies the ISAC and my bursars office mailing me different bills, I think the main one is is NCO and they consider the debt to be a lump sum of 8446. I want to pay the lowest possible amount obviously, and I am unsure if negotiating a settlement is even possible or would have consequences. Really I am clueless how to approach this as I have been pretty deadbeat about the whole thing up to this point.
I have 2 different credit agencies the ISAC and my bursars office mailing me different bills, I think the main one is is NCO and they consider the debt to be a lump sum of 8446. I want to pay the lowest possible amount obviously, and I am unsure if negotiating a settlement is even possible or would have consequences. Really I am clueless how to approach this as I have been pretty deadbeat about the whole thing up to this point.
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