Transworld Systems Inc. Student Loan Complaint

Transworld Systems Inc. Student loan department,

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

For the past couple of years I have been trying to negotiate with - - - for a favorable payment. Due to extenuating circumstances and family commitments I am unable to afford my monthly assessed payment for the life of my loan. When I began experiencing financial difficulty I immediately reached out - - to get on favorable payment schedule to bring my account current. Sadly, I could not pay the monthly payment and past arrerages that brought me to this point. Needless to say I defaulted on my private student loans because - was unwilling to provide any reasonable workout options to include a reduction in interest rate, late fees or principal reduction. My account with - was recently transferred to Transworld Systems , Inc. collection agency who is demanding a payment of $80000.00. On - -, 2015 @ -. I spoke to - - at ext. - and - - -, Operations Supervisor at Transworld Systems ; - - can be reached at ( - ) -. In speaking with - - he stated that - will be willing to accept a lump sum payment of -, when I asked if any other options were available he said that I could pay the interest but it would not affect the principal amount and when I asked if the a payment arrangement could be made for a debt settlement amount he stated that none were avaiIable at present. I asked for all of my payment options to be documented in writing and he said the only option that could be documented would be a pay-off amount of the $ -. I am asking and praying that you would be to assist me in this very serious matter so I can get into positive pay for my private student loan so I do not have to file for bankruptcy.