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Thanks Elizabeth. I did send WWR a letter requesting verification, and they sent me the agreement filed with the court in 2004, with the amount owed. I have made payments since 2004. In addition, they sent several pages from the previous assignee, showing payments I've made since 2004. They did not send me anything to show how they ended up with the loan, and the amount they claim is a lot higher than the amount listed in the B/R. Do they have to send me the agreement between them and TERI or the previous attorney's office that was collecting for TERI? Also, I'm sure they won't reduce my payments from $400, but am I entitled to the same payment and interest rate as outlined in the 2004 judgment? Thanks!
Thanks. I haven't heard very good things about WWR, so if they get to decide the terms, I'm sure they will demand payment in full. The judgment set my interest rate at 5% and $400 a month payments. Is WWR bound by that unless I refuse to pay and default? I know it's complicated since TERI already assigned the loan once to a law firm for collection in 2004, but there is nothing in the pleading/agreement that states the previous law firm can re-assign or sell this debt. Won't WWR have to prove both the original contract I entered into with TERI and the subsequent agreement I made in 2004 are assignable? I took these student loans out in 1999, and TERI has since filed bankruptcy, so I'm not sure WWR can come up with the original contract.
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