Private Student Loan question
Date: Thu, 07/08/2010 - 09:21
Private Student Loan question
I have a private student loan that I am struggling to pay. Do I have any options if I am not able to pay this loan? I know that bankruptcy is not an option. I have excellent credit and I don't want it ruined either. I am currently looking for full time employment, but the going is slow. Divorce is in the near future. My student loan payments are more than I can handle and financially provide for my 4 kids. My husband is chasing dreams with an MLM and refuses to provide for his family the normal way because he thinks he is going to be rich. Need I say that our finances are literally in the toilet? I would appreciate good, stable and knowledgeable advice on how to deal with this horrible student loan.
Have you tried talking to your lender? They might give a tempor
Have you tried talking to your lender? They might give a temporary forebearance.
The only way to get rid of a private loan is to pay it off. But
The only way to get rid of a private loan is to pay it off. But since you're struggling with your finances, you must find a way to atleast make the monthly minimum payments. Since, you said that you don't want ruin your credit score, I'ld also suggest you to talk to your lenders and ask for a temporary forbearance.
It'll allow you for temporary postponement of payments or an extension of time to make the payments. Since you're establishing yourself in the full-time job scenario, I hope this option will help you to pay off your student loan debts in the future.
