JPMorgan Chase Student Loan Complaint

JPMorgan Chase Student loan department,

Non-federal student loan Can't repay my loan Nebraska

I ca n't pay for my private student loans. They have ballooned to more than double what I borrowed. I feel like I have a payday '' student loan. They want me to pay over $220000.00, who can afford to pay that? They were marketed to me as a way to pay for the things you want or need while in college. To buy books, a nice apartment or even a new car. I got emails frequently saying it 's time to sign up again for your Chase Education One loan. I thought the Chase loans were different than the - - loans because - - mentions additional fees in their advertisements were as Chase did not. Well to make a long story short, they were sold to a different bank while in forbearance. I received no notification that they were sold and no notification that the sale took them out of forbearance. I also received no notification they went into default, I only learned they were in default by a debt collector call months


service and flat out told you have no hope to get the loans out of default. Now that information is becoming more available I have learned in order to get them out of default I have find find a competed private student loan attorney, pay $ 2-4000 in lawyer fees and another $ 4-8000 as a good faith deposit just to get them out of default. Likely many, I could n't come up with all those fees and now I am being summons to court. How can I while making $ -k a year afford to get caught up on these loans, let alone pay off the loans. These loans have left me helpless and hopeless!