Long story short I defaulted on one of my (private) student loans a few years ago, I have been on a monthly payment plan for ~2 years and trying to throw any extra cash towards it while also trying to create a "rainy day" fund for other problems that may arise. My questions are: 1. Should i consider settling with the company? It saves me $$$ but will it really hurt my credit anymore than has already been done? I've heard that settling is one of the worst things you can do. 2. I am able to take a loan out of from my retirement and repay that monthly. Should I consider that? 3. Should I chuck everything from my "rainy day" fund at it? Yes, this falls under that category of emergency, but I dont want to wipe out my personal savings in the event something else comes up. Thanks Y'all
Submitted March 08, 2017 at 09:21AM by Blackhawk7887 http://ift.tt/2mYbwQn
