I see... In this kind of cases the best thing to do is get in contact with the default resolution group.
Anyone have tried to ask you for payments to help you to get out of default on your loan?
Yes, someone want to charge me fees and want me to pay for help.
In this case, you should walk away. The resolution group can help you with this for free.
Good to know. Do you happen to know about capitalization . is there a way to get lower payments?
It might be good for to you consider a different repayment plan such as an income-driven repayment plan. These plans base your monthly student loan payments on your income and family size. In some cases, your payment could be as low as $0 per month.
Who should I contact if I have a question about withholding money from your tax refund or other federal payments?
For this, is better you get in contact with your loan holder, which is prepared to help you.
May I know if its possible for me to apply for this new loan consolidation even if I only had one loan?
Yes, loan consolidation allows you to pay off a federal student loan with a new consolidation loan
Another thing about loan. Typically, how much interest and fees are applied to loans?
Normally is 17.92% over the original amount of the loan.
This also applies for private collection companies?
The private collection agencies earn a commission for any payments you make.
I see... But if I want to look for more information, where I can found more information?