Weltman, Weinberg & Reis Student Loan Complaint

Weltman, Weinberg & Reis Student loan department,

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

Between -/-/- and -/-/- I went to - - - University in - Washington - In doing so, I took out $20000.00 in federal loans, and - separate private loans in the amounts of $10000.00, $10000.00 and $12000.00. - for a total of around $52000.00 in student debt. The private loans were disbursed in - and -, right before the financial crises - - of the $10000.00 loans were from - -, and the $10000.00 and $12000.00 loans were from - ( - - - ... ). These loans had an interest rate at the time of around 4 %, I was promised I would have plenty of flexibility in repayment, and furthermore, the loans required a co-signer - and the accepted my mother as a co-signer who is on Social Security/-. At the time I was just eager to go to school, so I accepted their terms of a 10 %


current income I could afford $500.00 in loan payments, as well as my federal loan obligations. I make $2000.00 net per month, live alone, and rent and utilities are around $1000.00 total ( for a fairly small apartment ) - after vehicle expenses, gas, and some groceries, I maybe have $200.00, if that left total - and I was sending it to my student loans. For the first year they let me make partial payments, and have forbearance - then after that, they said there was nothing they could do '' ... and so I paid on the loans, $ -- per month. I tried to refinance the loans, which they said would get me down to $ -- per month and offer some additional relief, but they said my credit was n't good enough ( due to delayed loan payments that they themselves reported ) ... Needless to say, this went on for about 4 years, until I was somewhat behind on my loans ( 60-90 days ) - and I had sent in a $400.00 payment. A week later, I checked the - website, and it said I had a - balance. I then got a call from - -, and Weltman Weinberg and Reis - - had referred my loans to collections. - - had one of the ( initially ) $10000.00 loans - now at $ - after interest, and has been very willing to work with me. They ended all accruing interest, and I have payments set a $100.00 per month - when I get behind they reset this and the loan will slowly get paid down. The - loans are a different matter - these went to Weltman, Weinberg and Reis. They are demanding a minimum payment of $740.00 per month - there is no way in hell I can make this, as well as payments to - - and my federal loans. Weltman refuses to stop interest from accruing, and tell me they would be happy to settle '' my loans for $12000.00 each ( with their interest '', they are both nearly $20000.00 each ) in one chunk - when I ask how they think I can do this, they say get a debt consolidation loan '' - I 've tried that, there is NO ONE who will touch me. I do n't know what to do!! I have about $400.00 per month I can pay for ALL my student loans ... I 've cut expenses to the bone and can get it up to about $500.00 per month - for all of them. I need to either figure out how to get a debt consolidation loan from a lender who does n't care how bad these companies trashed my credit ( the collection agency 's suggestion - of course they could n't refer me to any lenders ) - or at least get the agency to agree to very minimal payment terms, and cap the interest until there is a point when my income is better and I can increase my payments - or have them actually help me by finding a consolidation lender who will take these out of collections/rehabilitate them so that the payments are more reasonable - which is what I was asking AES to do all along!