Student loan 20+ years old
(Jacksonville Fl USA)
I have a student loan that is older than 20 year i have tried to come to an agreement with different collection people that keeps buy out the loan and coming up with ridiculous amounts that i cannot afford. Now i have a family and a little girl that i took into my home from the state and adopted that the state paid for.
My question is could these collection agencies or banks that buy keep buying out my student loans seize my bank account at anytime and if so do they give you notice or do they just do it? I have never had my name on a bank account before but now my bank is asking for me to add my name to my husbands account. Any suggestions?
Also the principal is so high. I borrowed like 5000.00 now it is up to like 19000.00