Coming out of Rehab - WDF interest rate?
Date: Thu, 08/13/2009 - 09:45
Coming out of Rehab - WDF interest rate?
Looking at the web, the Direct Loan site says this about interest rates:
"those disbursed between July 1, 2009, and June 30, 2010, have a rate of 5.60%."
Since the rehab loan will be considered a brand new loan, am I entitled to a new interest rate?
Also, CA said that the interest rate for a defaulted loan is 17-25% this sounds very odd. Is it true?
Thanks all!
Your rehab is not a new loan dispursement....they are looking fo
Your rehab is not a new loan dispursement....they are looking for the original dispursement date.
The CA is giving you a pile of hogwash ....17-25% might be the collection fees but never the interest rate.
Thanx soaplady! I thought the ca was giving me a load. I'll be
Thanx soaplady! I thought the ca was giving me a load. I'll be sure to read the fine print and look at the balance they move. I don't think any fees for collections have been attached at this point. Do they slap that on at the end ? All balances show the fees as the amount that ca said will be waived
Oh yeah. I meant the interest rate for the direct loan they are
Oh yeah. I meant the interest rate for the direct loan they are moving me into. The rate on the rehab is what the defaulted loan rated was