Default $38,298. Not making payments Student Loans |
- Default $38,298. Not making payments
- Considering refinancing
- Should I refinance my privae loan with a bank?
- Found a way to pay off loans
- About to borrow, worried about FedLoan
- If student loans were finally able to be discharged would you be upset if you paid them off prior?
- Sallie Mae loans
- Paying loans off with Credit Card. Anyone ever use Plastiq?
- Can I Get A Bit Of Extra Money To Take Online Courses Alongside My Main In-Person Courses?
- Programs for repayment, deferment, etc for SCA federal contractors?
- prepayment penalty for IBR
- Refinancing parent plus loans in my (student) name?
- In repayment with PSFL, should I trim off some principal
- How to start paying off loans?
- Earnest/Refinancing/Co-signer Question
- Great Lakes loan service
| Default $38,298. Not making payments Posted: 01 Sep 2018 11:25 AM PDT Hi. What level of garbage human am I for not paying my loans? I had a mental health crisis in 2014 that landed me in the hospital for four days. Spent a year back in parents house gathering my brain and body. Completely neglected loans. I'm back on my feet, making $31,000. I'm not sure I even want to pay these. I have no car. I live in a terrible apartment. I feel hopeless about the whole thing. If I need to kick Great Lakes and Wells Fargo hundreds of dollars each month, I'm not sure how I'd afford to stay afloat. Anyone else have these feelings of hopelessness and just ignore their loans? [link] [comments]  |
| Posted: 01 Sep 2018 09:37 PM PDT I am interested in refinancing/consolidating my loans with a private lender in order to lower my interest, monthly payments, and overall paid amount while staying on a 10 year fixed interest plan. I do not have trouble with my current payments, but I'd like to pay less. The specifics on my debt are below. I have looked at a few lenders: Wells Fargo, SoFi, LendKey, Commonbond, Citizens Bank, Laurel Road, Earnest, and Elfi. Wells Fargo student loan limit too low. SoFi didn't offer a lower interest rate. LendKey, Commonbond, and Citizens bank did not work due other reasons. Laurel Road, Earnest, and Elfi offered lower interest rates. Elfi had the best offer at an 5.15% interest rate. This information is all soft numbers, as they haven't done a hard credit pull. I'm relatively optimistic that the rates will remain similar, as I have good credit. A little bit about my background and personal finances: From December 2017 - June 2018, I paid a 10 year graduated plan at ~$1,100/month. I changed my payment play a 10 year level plan at ~$1,700/month in July 2018. I currently make a base salary of $80,000 with monthly productivity-based bonuses adding 15k-30k/year. These are my current loans: Grad PLUS Loans: ~$21k @ 6.960% Fixed ~$24k @ 6.590% Fixed ~$24k @ 6.590% Fixed Balance ~$70k Stafford Loans: ~$23K @ 5.960% Fixed ~$22K @ 5.590% Fixed ~$21K @ 5.590% Fixed Balance ~$66k Total Debt: ~$136K My questions to you: What's your overall thoughts/opinions on transitioning from federal loans to private? Do you have any experience with any of the above lenders? Do you suggest [an] alternative lender[s]? [link] [comments]  |
| Should I refinance my privae loan with a bank? Posted: 02 Sep 2018 12:12 AM PDT I currently have a student loan through fristmark services. They got it from a other company that I was paying before. Its for around 24k. Ive been making payments but the interest rate is currently at 9.2% which is concerning me. Also whenever I pay more than the minimum they just apply it to the interst and not the principle, they also have done me the favor of raising my minimum payment amount for trying to pay more than the minimum. Would it make sense to go to a bank like citizens or something and see if I can get it refinanced or essentially have citizens pay off the loan and I pay them instead? Assuming of course they also dont have an adjustable loan rate that is very high. [link] [comments]  |
| Posted: 01 Sep 2018 09:17 AM PDT I owe 16k at 7% interest rate roughly. I don't make enough to pay 300 dollars in 1 month to get it paid off. I'm taking 150 dollars from each check putting it towards my loans. My quarterly bonuses are also being put towards which is roughly 200 dollars. I'm putting 20 dollars towards savings. I hope to have it paid off in 4-5 years. I'm really can't wait to be debt free and I've had these loans since 2009. I'm just going to pay it off and think of it as a game. [link] [comments]  |
| About to borrow, worried about FedLoan Posted: 01 Sep 2018 10:24 PM PDT I'll be entering freshman year of college next year & am beginning to research loans. I'm concerned about taking out government loans because of rules changing at DOE and the issues with FedLoan. Should I be worried about this or not? Thanks in advance & sorry if this is a stupid question [link] [comments]  |
| If student loans were finally able to be discharged would you be upset if you paid them off prior? Posted: 01 Sep 2018 06:10 AM PDT |
| Posted: 01 Sep 2018 01:02 PM PDT So I have 5 loans with Sallie Mae. I'm currently enrolled in a reduced rate program that's set to expire next month. My payment is going to go from $211 to approximately $402 a month. When I called, they said they couldn't give me any info on what my new interest rate will be until my bill is due. I asked to speak to someone about reducing my rate and they said I had to miss a payment before I can speak to the department that would be able to reduce my rate again (collections department). I do not want to miss a payment as this will have a negative effect on my credit score and make me ineligible for any refinancing options for the next 12 months. I can't believe this is legal. Does anyone have any experience dealing with this type of situation? Any help would be much appreciated. Thanks! [link] [comments]  |
| Paying loans off with Credit Card. Anyone ever use Plastiq? Posted: 01 Sep 2018 08:32 PM PDT Hey guys, I basically have been paying the minimum on my student loans for years, and finally have a good sum of money where I can pay them outright. However, I was thinking of using a credit card to do this via plastiq to get some rewards/points. I was wondering if anyone has ever used them before to pay loans? Their FB account has a mix of really good or really bad reviews. The sketchy part is that the good reviews are by employees or fake accounts (people with 1-5 friends on fb). Anyone ever use this service before? The total sum for me and wife is 300K in student loans. [link] [comments]  |
| Can I Get A Bit Of Extra Money To Take Online Courses Alongside My Main In-Person Courses? Posted: 01 Sep 2018 07:06 PM PDT I've applied to college, and I should be starting up soon. I haven't got my loans yet but I should be soon. I'd like to take the classes required of me, and I'd also like to hire an online personal one-on-one instructor/take online courses related to my major. Is there any way my main loan can cover that? How exactly do I set it up so I can do such a thing as this? Not too knowledgeable on loans. And in case anyone asks -- no this isn't necessary, but it definitely will help my improve my knowledge/skills/work-ethic, and so I want to take extra instruction/courses. Advice? EDIT: So instead of the loans just helping me pay tuition/rent/food/school misc. -- could they also help me pay for a few additional online courses/instruction to ensure that I get the necessary skills to rise above my classmates and really produce outstanding work in my major? [link] [comments]  |
| Programs for repayment, deferment, etc for SCA federal contractors? Posted: 01 Sep 2018 12:33 PM PDT Do any additional programs exist for SCA federal contractors? [link] [comments]  |
| Posted: 01 Sep 2018 12:30 PM PDT hello. I currently am out of a job so I don't have money to pay my student loan monthly payment. My parents said they'll pay off the remainder of my student loan but their money is currently tied up in their business and real estate. I was wondering if I could sign up for IBR(PAYE or REPAYE) and take advantage of the $0/ month for 12 months and then when their money is free they can pay the remainder off. Will there be any penalty doing it this way? [link] [comments]  |
| Refinancing parent plus loans in my (student) name? Posted: 01 Sep 2018 05:23 PM PDT I'm currently in my senior year of college and on top of my loans from fasfa, I have taken out 60k under a parent plus loan. My parents are planning on selling their home in the next few years and I don't want this loan to be under my fathers name for fear of a lein being placed on him. What is the likely hood of me being approved for a refinance under my name? If I join the military would it increase my chances of approval? In order to graduate I need to take out yet another loan (private loan) which considering the hole I've already dug myself doesn't seem like a good idea. I've read that many of the lenders require that the student posses at least a bachelors degree for approval but that would just mean increasing my current debt. What should I do? The only option I can see is forgiveness for the loan through death. [link] [comments]  |
| In repayment with PSFL, should I trim off some principal Posted: 01 Sep 2018 01:00 PM PDT I will make IDRs for the next 8 years, is it worth making extra payments when I'm fixed at 96 more payments? [link] [comments]  |
| How to start paying off loans? Posted: 01 Sep 2018 10:08 AM PDT Hi So I have federal student loans that I've never made a payment on due to years of underemployment. They have been in default since 2014 (yes I know I'm stupid etc.). I went to a state school and received scholarships and grants that covered much of my expenses, so my loan balance is relatively low compared to what many are dealing with, but still significant. Early next year I am starting a new job that will allow me to aggressively pay down my loans with a goal of having everything paid off in two years. My mother has also agreed to immediately pay off my two smallest loans (less than $500) and start putting $100 a month towards the five larger loans. One problem I'm having is I'm not sure who to pay. My original servicer was Nelnet, but according to my data sheet they were sent to collections with Debt Management and Collections System. However when I call that company, they tell me that my accounts were recently transferred to another collections agency, Professional Bureau of Collections of Maryland. There is nothing on my student loan data sheet about this transfer, and I never received any communication about there being a transfer, so i'm pretty sketched out worrying about who is the correct person to send payments to. By the way, on my Credit Karma report all student loan accounts are listed as "closed" and from what I can tell they are not hurting my credit right now (wtf???) My other question is if I should call the collections agency to workout a payment plan, do loan rehabilitation, loan consolidation, or just send them as much money as possible until everything is paid off. It is my understanding that the rehabilitation/consolidation etc will add even more fees on top of the principal, interest, and fees that I already owe. Will this be worth it if I plan to aggressively pay off the loans anyway? I know it will improve my credit score, but my credit is already poor due to some unpaid medical bills, and it will take years to rebuild it anyway so I'm not sure that it's worth it. Maybe my best course of action is to call the collections agency, explain all of this to them, and do what they say? Just wanted to get some opinions here first. Let me know what you think, and thank you in advance! [link] [comments]  |
| Earnest/Refinancing/Co-signer Question Posted: 01 Sep 2018 07:56 AM PDT I want to start by saying a fully intend to pay off all my loans. It is the responsibility I signed up for. But, I have just happily refinanced large student loans with an absurd interest rate to Earnest. They were originally at Navient and cosigned by my father. At Earnest, there are no cosigners. My loans are now just in my name, correct? How will this look on my father's credit report? Will my debt no longer be tied into his report? If I were to make a mistake paying, would he be free from any of the negative consequences? My impression is yes, he would be safe. But I just wanted to make sure there wasn't some nonsensical reason he wouldn't be safe. [link] [comments]  |
| Posted: 31 Aug 2018 08:17 PM PDT Dealing with this nightmare. On August 23rd I made my first September payment only to be told through Great Lakes that my account through Chase was ineligible for online payments and they could not receive it. How do I fix this? I feel like I want to punch someone in the face. [link] [comments]  |
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