$10,000 to DCS in 72 hours
Date: Tue, 05/17/2011 - 12:59
I have a private student loan that is defaulted and has been sent to DCS. I can not pay $10,000 out of pocket and they want all of it immediately, they told me I should take out a loan from a credit union inorder to pay it back but its no way that its even possible. Can I send my loan into rehabilitation? I just need a payment plan. How can i convince them of this. What will bethe next step they take to get their money?
Rehab is not an option for private loans. They may eventually
Rehab is not an option for private loans.
They may eventually give you a payment plan, but more than likely they will still sue you, even if you are making payments.
It's quite natural for you to think of getting into a payment pl
It's quite natural for you to think of getting into a payment plan. But at the same time, you need to give them a fair idea of your current financial obligations. You mustn't forget that you'll again have to repay consistently once you get into a repayment plan. Whatever step you take, make sure that you'll not get yourself into another trouble.