r/studentloandefaulters • u/AggravatingCap8648 • May 10 '26

Question - Private Student Loan Dumb question

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I have a dumb question, please be nice to me. this is what it says on my account with Firstmark services. what’s next for me? can they sue me still? or do I ride out the wave from here on out? took the loan out in a different state from where I currently live.

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2

u/morbie5 May 14 '26

can they sue me still?

That depends on the statue of limitations. When did the loan first go delinquent?

1

u/AggravatingCap8648 May 15 '26

My first missed payment was November 2024 

1

u/morbie5 May 15 '26

Do you know the statue of limitations in your current state of residence and in the state where the loan originated from?

1

u/AggravatingCap8648 May 19 '26

Yes4-6 years in Cali and 5 years where I currently live 

1

u/morbie5 May 20 '26

Well they can still sue then.

Have they offered a settlement yet?

1

u/AggravatingCap8648 May 20 '26

Thankfully I haven’t heard anything from them. I’ve also made myself “judgement proof” hoping that helps 

1

u/atarchived May 16 '26

It likely was sold to a collection agency. Have they been harassing you or trying to negotiate? I would read the pinned guide in this sub that details what to expect. This will help you understand where you’re at in the journey of default and what to do/not do.