Is it possible to make private student loan that has gone into default current?
My husband just enlisted in the Army National Guard and needs to get his defaulted private student loans current before the deadline (three months from now) for the Student Loan Repayment Program.
The loan company is not working with us and will only talk to him on the phone, bullying him in the process. They want us to sign a paper committing to terms that are not stated.
Other financial help companies will not touch it because it is a private student loan and it is defaulted. The federal student Loan company that he has another loan with has agreed to consolidate, but the private loan company has refused to work with them.
Does anyone have any advice or maybe some info on someone who could help us? What are our options? We need a way to make the defaulted loan current!!
You will have to go through the hardship program. But with that it will not be current until 6 months. That is because they will not take a payment that is less or more then the monthly payment. The only way to pay more on it would be to pay it off completely.
