Quote:
Originally Posted by Tyen  Sallie Mae should fail, and then burn down to the ground with my student loan records. |
It'd just be bought out by a loan retrieval company and then get bought out again, and again. Sooner or later you wouldn't know who you were paying, because it certainly wouldn't be the people you bought it from.
I had a friend that ended up not paying, because the loan was bought so many times by different companies that when he called to find out who he was paying, the loan collector on the other end couldn't/didn't know and ended up leaving him alone because at that point in their systems, he owed money to a company that didn't exist anymore (and the loans were never properly transferred to another company).
