My loan was for $24,000 from Wells Fargo. Then the school sent back $8000. So I owed $16,000. The loan got sent to Firstmark and now I owe $40,000. My payments doubled. Interest is ridiculous. So now I will end up defaulting.
Anyone have luck or stories dealing with a defaulted Firstmark student loan? I had paid $8883 to Wells Fargo before it was transferred and now it is still at almost 40 grand.
Anyone manage to default and then settle for the original balance to forgo all the interest? I only owe about 7 grand on the original principle the rest, $33000, is interest.
Firstmark loans default
byu/smiling-on-outside inStudentLoans
Posted by smiling-on-outside