Hi, I have an honest question... I have student l
Date: Thu, 04/07/2011 - 16:00
Hi, I have an honest question...
I have student loans totaling $68,000. I have already defferred them, and have been in default with them. I just recently started earning good income, and I am able to make payments now. I have set up a payment plan with Ms Mae. Upon setting this plan up, one of the reps advised that I should look into getting a personal loan of $40,000 and if I did, i would be able to pay off the settlement amount of $38,000... It sounds too good to be true!
I know i would bring that account to PAID IN FULL on my credit reports, and I will still be making payments to another loan. But now im in the place to be able to make current on time payments.
The only thing im concerned about is my wife... I know that if i open another loan, she now becomes responsible for anything that might go wrong, where as before, my student loans were acquired before we were married. Please help and let me know if this would be a good option, and if you have any info as to where I could go to get a loan, please help. My credit is shot because of this and I know it would be hard to get a loan of $40,000 anywhere. THANK YOU SOOO MUCH!!
I have student loans totaling $68,000. I have already defferred them, and have been in default with them. I just recently started earning good income, and I am able to make payments now. I have set up a payment plan with Ms Mae. Upon setting this plan up, one of the reps advised that I should look into getting a personal loan of $40,000 and if I did, i would be able to pay off the settlement amount of $38,000... It sounds too good to be true!
I know i would bring that account to PAID IN FULL on my credit reports, and I will still be making payments to another loan. But now im in the place to be able to make current on time payments.
The only thing im concerned about is my wife... I know that if i open another loan, she now becomes responsible for anything that might go wrong, where as before, my student loans were acquired before we were married. Please help and let me know if this would be a good option, and if you have any info as to where I could go to get a loan, please help. My credit is shot because of this and I know it would be hard to get a loan of $40,000 anywhere. THANK YOU SOOO MUCH!!
You wont be getting an unsecured loan for $40k anywhere....aint
You wont be getting an unsecured loan for $40k anywhere....aint gonna happen.
Is this a private or federal loan?
