Second Round Sub Student Loan Debt in Honolulu, HI
Second Round Sub is collecting student loan debt in Honolulu. Average: $37,338. Hawaii SOL: 6 years. Garnishment: 5% of first $100 + 10% of next $100 + 20% of remainder.
Known Second Round Sub Violations
- • Collecting debts they cannot substantiate
- • Failing to cease collection after dispute
- • Inaccurate credit bureau reporting
Dispute Strategies
- • Apply for income-driven repayment (federal)
- • Check eligibility for Public Service Loan Forgiveness
- • Dispute private loan terms under state contract law
- • Challenge servicer errors via CFPB complaint
- • Verify correct loan balance and payment history
Tips
- • Second Round buys deeply discounted debt — negotiate aggressively
- • Demand full validation including original creditor statements
- • They often settle for 10-20% of face value
- • Federal loans have no statute of limitations
- • Private loans have state SOL (typically 3-10 years)
- • Servicer errors are extremely common — audit your balance