FFELP LOAN ** consul **
Date: Mon, 06/06/2011 - 13:12
Hi, I received a letter from collection this debt. they sai that I need to sign a contract that said:
What happened if I refuse to sign this contract??
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_____ I authorize the lender to capitalize collection costs in the amount of 18.5% of the outstanding principal as well
as any unpaid accrued interes at the time of the rehabilitation.
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______I DO NOt authorize the lender to capitalize 18.5 of the outstanding as well as any unpaid accrued interest at the time of the rehabilitation. I do not wih to participate in the FFELP Loan Rehabilitation program.
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After paid the 9th months, what is the new amount that I have to pay to the lender??
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thanks, i'm very confused with this program, can I contact you in spanish??
What happened if I refuse to sign this contract??
[FONT=Arial][SIZE=2][/SIZE][/FONT]
_____ I authorize the lender to capitalize collection costs in the amount of 18.5% of the outstanding principal as well
as any unpaid accrued interes at the time of the rehabilitation.
[FONT=Arial][SIZE=2][/SIZE][/FONT]
______I DO NOt authorize the lender to capitalize 18.5 of the outstanding as well as any unpaid accrued interest at the time of the rehabilitation. I do not wih to participate in the FFELP Loan Rehabilitation program.
[FONT=Arial][SIZE=2][/SIZE][/FONT]
After paid the 9th months, what is the new amount that I have to pay to the lender??
[FONT=Arial][SIZE=2][/SIZE][/FONT]
thanks, i'm very confused with this program, can I contact you in spanish??
Authorize the collection fees. If you dont, you wont get your l
Authorize the collection fees. If you dont, you wont get your loan out of default, your collection fees will probably be higher and more than likely your payments will go up .
There is no way of telling you what your new payment will be without knowing how much you owe. I usually recommend that as soon as your loan is rehabbed and the new lender has taken over, apply for consolidation and then go IBR or ICR.
