Paying On Debt w No Results
Date: Thu, 09/10/2009 - 14:24
Your student loan is in default. Until you make the required pa
Your student loan is in default. Until you make the required payments to qualify for your loan to be rehabbed, it will continue to report late/defaulted. Making payments will not bring you current. You will not qualify for that mortgage until this is resolved and depending on who your guarantor is, it could take several months more if they dont have a lender. As a general rule, rehabs take 10 months plus then the guarantor has 90 to update your credit report.
so paying does nothing until after when? Im mean like a scenerio
so paying does nothing until after when? Im mean like a scenerio is me paying for what years and it not being str8? Im so confused what is a guarantor? I knw we cant get the mortgage thts y im trying to get a mind set on how to get it moving asap... oh and should we consolidate this loan instead? thanks for responding so quickly really appreciate it