Defaulted student loans
Date: Wed, 09/05/2012 - 07:13
My student loans have been purchased by West Assett Management. They are telling me they are going into garnishment status. I just did a consolidation loan through direct loans on other student loans I had. They are telling me that I need to do a financial disclosure and do a rehabilitation on my loan to get it out of default status. I was wondering if this is ligit or do I have other options?
Quote:My student loans have been purchased by West Assett Manage
Quote:
My student loans have been purchased by West Assett Management. |
No they have not been sold...they have been assigned or placed with West Asset.
Quote:
They are telling me they are going into garnishment status. I just did a consolidation loan through direct loans on other student loans I had. They are telling me that I need to do a financial disclosure and do a rehabilitation on my loan to get it out of default status. I was wondering if this is ligit or do I have other options? |
Why was this not included in your direct loan consoldation??
Yes, rehab is very legit; however once you rehab you will need redo your consolidation loan to include it. You can add on additional loans to a direct loan consolidation within the first 180 days.
