Sunrise credit agency has been calling me for the
Sunrise credit agency has been calling me for the last two years to collect on a student loan I defaulted on. I borrowed 74,000. They propose to settle for 59,000. I'm in a position to settle with them now. He says if I give him $50,000 he'll let me pay the rest ($9,000) off through his agency for $50 a month with 0% interest until the full $59,000 is paid off.
How can I trust them to do what they say? They could potentially take the $50,000, ask for more, and ignore the $9,000 agreement with 0% interest.
How can I know for sure that the debt will be settled once I give them that amount of money.
Any advice? I'm thinking of getting a lawyer to possibly handle the contracts.
Also, what do you think my chances are of getting a "Pay for Delete Agreement" on this amount?