Yes, I have fallen into arrears on my loan and am fearful that it will be handed over to a collection agency
If a collection agency is involved, you will liable for any of the costs involved in handing over the loan. The costs involved are equal to 17.92% of your outstanding balance, this amount includes principal, interest and fees
Do you know how I can get information about my loan servicer? and where can I get help with my delinquent loan?
Do you need help with your defaulted loan?