I have a private (not federal) student loan that's been following me for years with Sallie Mae (now Navient). I've been ignoring it. I know for a fact the statute of limitations has expired, as my last payment and activity on it was in 2004 and the loan was in Louisiana (statute of 10 years). Its not even listed on my credit report (I checked today).
This loan has been sold and bounced around more times than I can count. I always ignore or hang up on the calls and shred the mails. Seems like every few months its with some new entity.
I'm honestly tired of it. I'm correct in thinking that no one, no matter who buys the debt, has any legal recourse to pursue me other than asking me to pay it right? I want to get to the point where I don't hear about this debt ever again. If I send Navient a cease contact letter, stating that I have no obligation to the debt, I know I should expect them to comply. My other question is, if they sell the debt again and its with a new entity, will have to expect to send them a cease contact too? Will the cycle continue forever?
ReignForever1 karma
I have a private (not federal) student loan that's been following me for years with Sallie Mae (now Navient). I've been ignoring it. I know for a fact the statute of limitations has expired, as my last payment and activity on it was in 2004 and the loan was in Louisiana (statute of 10 years). Its not even listed on my credit report (I checked today).
This loan has been sold and bounced around more times than I can count. I always ignore or hang up on the calls and shred the mails. Seems like every few months its with some new entity.
I'm honestly tired of it. I'm correct in thinking that no one, no matter who buys the debt, has any legal recourse to pursue me other than asking me to pay it right? I want to get to the point where I don't hear about this debt ever again. If I send Navient a cease contact letter, stating that I have no obligation to the debt, I know I should expect them to comply. My other question is, if they sell the debt again and its with a new entity, will have to expect to send them a cease contact too? Will the cycle continue forever?
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