Defaulted loan options?

Long story short, times were rough and I needed to defer some school loans, unfortunately, one could not be deferred. When I noticed this, late unfortunately, there was no mercy. I am not upset with the no mercy, my fault, my problem. Now the collectors are calling and gave me a two month time frame to get $5000 as a deal or it goes to court and gets ugly. I have tried family as cosigners, that was a no go. I tried solo with a secured on my vehicle, that was a no go. I get the answer, either Just "no" or that if the market were better then they would consider it. I am low on options and ideas. I do not want this to go to court, no one is taking my offers of collateral and auto-draft on my account. Now that times are not so hard I could afford to do so. I even stated that interest rate was low priority, but still nothing. Any one have an idea on how I could make this happen? I was foolish to get myself in this situation, but, now I need to resolve it and not let it occur again. One lesson is enough to learn.

6 months ago - 2 answers