02-07-2013 04:51 PM - edited 02-07-2013 04:52 PM
Congratulations! I know that feeling is amazing. I just consolidated, so I lost all the months I had paid in advance, but at least I now have a lower balance now to continue paying and will try to build up that cushion.
From what I had read in other posts, it seems like the default for many lenders is one or the other, and then you have to write a letter to get them to do the opposite. For mine, if I just paid a large payment (although I had 3 sub-loans), it did not give me the option. If I tried to allocate payments to particular loans, it would give me the option at that time to advance or not for each specific loan.
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