topic Re: Private Navient Loans in Student Loans

Private Navient Loans

Anonymous — Tue, 10 May 2016 01:26:23 GMT

Are there any rehab programs for private student loans? Currently held by Navient. I have about 60k in private loans. All spilt into about 6 loans. Are there any banks that will consolidate with a low fico score.

Re: Private Navient Loans

Anonymous — Tue, 10 May 2016 14:46:48 GMT

anyone?

Re: Private Navient Loans

SCF — Wed, 11 May 2016 04:25:02 GMT

Any "rehab" type program for private loans is at the discretion of the private lender. Some loans/lenders offer borrowers the ability to reduce payments, reduce the interest amount, extend the repayment plan, etc. but its highly dependent on the loan agreement you made with the lender and their own policies. The best way to find out what options might be available is to review your loan documents or call and ask.

As far as refinance, most of the private refinance companies base their decision at least in part on your credit score, so you may find it difficult or impossible with a low score. A cosigner might help.

Re: Private Navient Loans

Anonymous — Thu, 12 May 2016 19:35:22 GMT

Thank you for the reply. Navient doesnt offer any help really on private. I tried settlement but i would need to go delinquent on the loans.