I need to make a quick decision. I defaulted on my SL 11/2011 for approx $7400. I received AWG 3/2013. I researched and discovered UNiv of 1 and decided to work with them to resolve AWG. They told me I could consolidate with Direct Loans for the balance only-no fees. That is what they specifically said. Everything was ok until I received my summary sheet from Direct and of course it was alot higher than my balance. I decided to contact ECMC directly and inquire about balance/fees/etc and they verbally offered to rehab $100 mos for 9 mos, and that they would stop the AWG immediately-more like 15-30 days (while I am rehabbing) via a letter mailed to my employer. My question is can I trust what I am being told verbally because everything I have read says they do not stop wage garnishment while in rehab--secondly Univ of 1 charges fees for their service, can I consolidate with Direct Loans directly? ECMC also told me I can consolidate in the future if I choose to or need to. The summary sheet from Direct says they will disburse on the payments unless they hear from me.
Any insight will is appreciated.
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