How can I negotiate a smaller loan payment?

View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.

LifeLock Identity Theft Prevention - Save 10%

I have a private student loan with Wells Fargo that has a co-signer. I'm currently going through a bankruptcy (chapter 13), as well. The payments for this loan are $457 a month which is ridiculous and I absolutely can't pay it. It won't get discharged in the bankruptcy because of the co-signer. Myself and the co-signer have spoken with Wells Fargo repeatedly and they were completely unwilling to work with me. They won't lower my payment, they're completely rude and unhelpful. The bottom line is I want to start paying this loan and get my co-signer discharged, I just want a lower payment.

I'm not eligible for any consolidation loans because of my credit. Help!

How can I negotiate a smaller loan payment?

You need to speak with someone at a debt reduction/management organization. One that I have seen advertise on TV is at www.DebtReductionServices.org . I have never used one so I don't know how they work, but google debt reduction and see what you get.

How can I negotiate a smaller loan payment?

Have you tried the credit counselling centers for help?

How can I negotiate a smaller loan payment?

In Singapore context, you can seek help from Credit Counselling Singapore as per link below for their expertise. Even though that's the case, I strongly believe the people there can offer you some forms of assistance as they are well qualified to address such issue due to their professional background.

How can I negotiate a smaller loan payment?

Topic