I contacted my school to start their rehab process and they gave me a predetermined repayment amount of 113.00 before discussing my financial situation. They said if i complete and return the signed form that i would be on a 9 month rehab @ 113.00. The defaulted balance in question is 4875.60(including collection fees) Original UPB was 3500.00.
Does anyone know if these amounts are negotiable?
How do they justify the rehab amount if the financial statement doesn't support the payment plan?
Any recomendations?
Message Edited by rabdelr on 04-22-2009 11:20 AM
Message Edited by rabdelr on 04-22-2009 11:21 AM
