Question about Perkins loan
Date: Mon, 05/11/2009 - 15:34
I have an old defaulted Perkins loan that it not showing up on my credit report anymore. I am consolidating my Stafford loans and paying on the graduated plan. I just started doing that so I can still add the Perkins loan to my consolidation. It says to be able to add it to my consolidation loan I need to be on the Income contigent plan because it is a defaulted loan, but I would rather stay on the graduated plan. I read on the site that if I make 3 satisfactory payments to the school I can keep on the graduated plan. I was wondering if I make a few payments to the school to stay on the graduated plan will it go back on my credit record? I was also wondering if I just add it without doing that will anything about it being a default show up on my credit report since it is not on there right now. I hope that makes sense. Thanks.
A few payments wont take you out of default. I would just c
A few payments wont take you out of default.
I would just consolidate it, continue on with your graduated payments regardless of the iCR payments they assign you. You only have six months from the date of the consolidation to add an additional loan on.
consolidate it..dl program allow you to consol defaulted loans..
consolidate it..dl program allow you to consol defaulted loans..it will show up as a consol loan on your cf..go income continguent plan it keeps payments lower but keeps terms of loan a little longer..try it for a few months, if you can afford more $ then go back to gradual..you can always switch/change repayment plans w/dl loan..
