After the William D Ford loan consolidation program failed to include one of my student loans and before I was able to correct the situation, my student loan was placed in default. Immediately following this event, I was in a car accident that had me hospitalized for several months.
Missing my right hand, and unable to work, I began receiving letters from the U.S. Department of education advising me that my loan was in default and that I must arrange to pay the balance immediately ($24K). Unable to do that, I was then contacted by Pioneer Credit Recovery, Inc., under contract of the U.S. Government.
Rehabilitated enough to begin work again; I wanted to arrange to get out of default and pay off my loan. To do so, I would first need to send them a check for $3,600 then make monthly payments of $320/ mo. For one year but not including the $4,100 the Federal Government offset my tax refund last year.
With no options, I agreed and have diligently paid the monthly payments and at the expense of my family's well being. Nine months later, and after the Federal Government seized this years tax returns, I have paid Pioneer and the Federal Government $12,000. Again, that is in the last nine months! My current balance is $28,436.68!!
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