I have an unusual story about disappearing private debt.
I used to have about private student loans via Sallie Mae. Sallie Mae switched to Navient, and then I refinanced a couple of times, and my debt was eventually held by WSFS Bank, through LendKey.
In late 2019, while under-employed, earning little, and struggling to make payments, WSFS suddenly wrote off my debt. So, I called them to find out what happened to my debt. I remember them giving me the number of some entity who they say held it, but I have since lost the number and now I have no idea who owns the debt. I haven’t even seen it on my credit report for the last year.
Last I checked, the balance was over $60K, but I have no idea what it is now, whether it is accruing interest, or how to monitor it, or make payments. I emailed WSFS about it a couple of weeks ago and they replied saying they have no record of my debt or who currently holds it because they purge those records after 3 months of writing off an account.
So, my question is, where is my debt and does it even exist anymore? Since my private loan balance is missing from my credit report and the paper trail is effectively lost, can I fairly assume that this debt is gone? And if some creditor or collector comes after me out of the blue one of these days laying claim to the debt, can I fight them and win?