Cleaning up credit, private loan I messed up on.. How can I make this right without filing for bankruptcy?
My biggest concern is a Wachovia Private Loan I took out for school. There was about an 8 month gap where I was not enrolled in school, 2 months over their 6 month allotted time before repayment. I owe about $10,000 on that. This loan is not federally guaranteed. Is there a way to get it back into deferment now that I am in school? Or should I just file for bankruptcy since it’s not federally guaranteed? I’d rather not file if I don’t have to.
How can I work out a deal with Wachovia? Any tips or language I should use when communicating with them?
Thanks
Filing for bankruptcy is a big no no last minuate attempt to avoid paying debts. It will follow you around for the rest of your life as it is on your credit information you will find it hard later on in life to get a home loan, car loan etc basically any loan. ( Would you lend money to someone that has declared bankrupsy.) It can even affect your future job prospects and travelling internationally. Call them and ask the total of your debt try to make payments in installment pay it off as soon as possible, keep the recipts.
