SLM financial has called me a couple of days ago. They are willing to settle the debt with me. I have not made a payment in almost 2 years because I could not afford to. I owe 20,264.00 (plus interest and fees) and they have charged off the loan. They are willing to settle for 18,000.00. I only had a conversation over the phone - I will need to confirm said conversation with Ms Harrison and make sure the loan has a restrictive endorsement so they can not come back at me at a later date.
I know Sallie Mae/SLM Financial abuse their power. If they had made a settlement (I was offering 75 cent on the dollar) this wouldn't have gone this far. With that being said, I hope that I can be rid of them once and for all and will never do business with them at all.
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