Stay at home seeking to get out of default/repair credit
Date: Thu, 01/29/2009 - 15:35
Hi there! I am a stay at home mom and my husband and I are trying to manage enough for me to do the rehab program for defaulted loans but I am unsure who would authorize the amount (Sallie Mae services my loan, Bony Mellon is the lendor and Pa. Higher Ed'n Ass't Agenyc is the gaurantor) to be repaid for rehab purposes and who would agree to give me a loan. If you make the rehab payments, which institution do you pay after the rehab? How would you have a ballpark of what the amount due would be once you have rehabbed the loan? Any information anyone can give would be so appreciated! Thank you!
After loan rehab you pay the debt to the new lender who bought t
After loan rehab you pay the debt to the new lender who bought the debt from your original lender.
You have to negotiate the amount with the lender while applyibg
You have to negotiate the amount with the lender while applyibg for the rehab loan. There is no minimum payment that you are required to make every month. The amount must be affordable and reasonable.