I flunked out of one school back in 2007, I applied for a forbearance and was in a bad place mentally and didn't bother to check up on it. I started going back in 2009 but obviously too late. Now that I'm in a better place mentally, they've started sending me all these overdue bills that I can only assume means the loans are in default because it says Charged off account. I got my credit report and all of them make sense except for one much larger then anything I took out, but it still says its an open account, but its activity designator says Transfer/sold. I really have no idea what this means and could really use some help getting to understand all of this. I swear they make this stuff as confusing as possible.
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Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.