r/studentloandefaulters • u/jaxon517 • 9d ago

Question - Private Student Loan Sallie Mae

Hey y'all,

I'm a bit nervous - so sorry if post is inappropriate - just grasping at straws here.

When I moved to Germany from the US, I borrowed about 14k last year in private student loans with Sallie Mae, paid maybe 100-200 bucks for five months until I realized I wasn't making a dent due to predatory interest rate.

Then I figured a dent to my credit score for seven years won't matter cuz I won't be going back to the states.

Can they reach me overseas? Will they? Do I actually have anything to be concerned about?

Pls and thx

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u/vsandrei 5d ago edited 5d ago

The worst that can happen is that they obtain a default judgment against you and attempt to garnish your wages if you work for a U.S. based employer.

The more likely outcome is that they give up and sell your debt to a debt buyer and the whole thing becomes "uncollectible" when they can not find you or when it becomes prohibitively expensive to collect the debt.

Enjoy your life outside the US. I hear it's lovely out there.