Q: can a private student loan company take legal action if you are not paying minimum payment
account is delinquent and cannot pay the minimum so I am paying below minimum amount.
A: Yes. A minimum payment means that's the least amount you are expected to pay so that legal consequences do not befall you. Otherwise, debtors could pay whatever they liked each month - a penny? a dollar? - on a loan of any amount and the creditor would be helpless to enforce the loan. The credit/loan business would instantly grind to a halt.
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