Re: Need help with my loan ASAP
09-18-2012 03:24 PM
Are these federal student loans mozilla?
If so, I reccomend you visit this website: http://www.consumerfinance.gov/students/
It'll give you a lot of detail about your options, and you'll noticed that the lender needs to offer you affordable payments for the rehabilitation. Keep pressing them to do so, and to take into account your expenses and other debt. If they won't budge, you can file a complaint on that site. Be sure to document everything and keep good notes. Also, be willing to work the CA and accept a reasonable payment as long as you can afford it.
In the future, your payments will depend on the repayment plan you select, and you will be able to choose an income-based repayment plan that will reduce your payments if you don't make enough money to cover the full payment.