student loan
Date: Fri, 05/08/2009 - 21:55
student loan
Oh yes. The "insured" term applies to the guarantor...they insu
Oh yes. The "insured" term applies to the guarantor...they insure the loan to the bank. The borrower and cosignor are still responsible to pay.
loan
If you've had trouble paying it, maybe you can get in touch with the Insurance company that paid it off, to make arrangements. THIS way, the loan won't go into a 'negative' status on your credit. I know someone who was in the same 'boat' you're in now. Sometimes people are willing to 'work' with you if you are willing to take care of the debt.
Insurance companies dont pay off student loans....guarantor's "i
Insurance companies dont pay off student loans....guarantor's "insure" the loan to the bank. It is really only a credit reporting term. Once a default has been paid, it cant get anymore negative than it already is.