u/michaelnovati replied ·
There are a few things going on here and I know how ISAs work from the other side.
1. This can be "undone" if you fix the situation quickly and the bootcamp is ok restoring your account
2. They highly likely won't go to collections immediately, and since collections have fees and are just mean in a lot of cases, it's in everyone's interest to resolve this amicably.
3. In the worst case it would go to collections, and you can negotiate with them on how to pay it back, which also won't be "all at once".
4. Contact the bootcamp as well directly. The bootcamp has full control over Leif, Leif's contracts are between you and the bootcamp and Leif administer's them on the bootcamp's behalf (this is not the case with all companies and contracts though), so Leif themselves shouldn't be taking any actions on their own.
5. Leif allows partial payments, so making any kind of payment will be a gesture of goodwill, even if you cannot pay the entire monthly payments on time.