If that is the way you go consider paying the interest that accrues during that period, so that you can avoid some of the consequences.
Something else I want to ask, if my wife is my beneficiary, you will notify me before transferring you
Yes, they will let you know. Before a defaulted loan is placed with a private collection agency, you will get an explanation on what you can do to avoid both the assignment to a private collection agency and the reporting of default status to credit agencies.
are these people that offer to help me with the loan for a fee any good?