Hi all,
I have some old private student loan debt that I refinanced with Earnest which then made me ineligible, apparently, to have them waived even though the school went bankrupt in 2023. I am now in default and the loans are owned by Earnest/Mohela because I haven’t had the bandwidth to pay them, along with my other credit card debt. They are threatening litigation if I don’t set up a payment play by mid-November. What I’m wondering is, how bad is litigation? What is the process like? Have you had experience with that and can we talk?
I was just on the phone with them, but then it cut out in the middle of our call. They were having some major phone issues. Anyway, I thought I would take this pause to do some research rather than signing up for one of their “hardship plans” that are not really that great.