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If several loans are in default how can you find out who holds the loans and is there a phone number to call?
Wiki User
∙ 7y ago
A consolidation loan will allow you to get an income sensitive payment that will fit your budget, or you can file for deferment or forbearance.
CALL THE DEPARTMENT OF EDUCATIONS LOAN FINDER LINE. THE NUMBER IS 800 621 3115
If they are federal student loans, you can also check the National Student Loan Database (nslds.ed.gov) which is the government's central database of student aid. If you have private student loans, there is no central place that tracks these. Best idea is to check your credit report. You can get a free yearly report at annualcreditreport.com.
Wiki User
∙ 7y ago
Wiki User
∙ 7y agoThe U.S Department of Education maintains a couple websites that will be very helpful to you.
1. Official Department of Education: Student Loans [ed.gov]
Provides general information and additional links about Student Loans and Loan Forgiveness.
2. Federal Student Aid [studentaid.ed.gov]
The site is both an informational site and the official account management portal for students with loans/grants or who seek them.
- Create a Federal Student Aid ID (FSA ID). Required to open account and complete FAFSA.
- Link up to your FAFSA application
- Find out your loan summary, details, status.
- Find out your loan servicers.
3. FAFSA [fafsa.gov]
Complete, submit, and manage your FAFSA application online.
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How can a single mother with default loans get financial aid?
If you are in default on federal student loans you are not eligible for financial aid until you get them out of default.
Can I still get help if my loans are in default?
If your loans are Federally Guaranteed Student Loans, like Stafford or Perkins loans, then yes there is help. This company specializes in helping people that are in default: www.defaultms.com
What are the default rate statistics for micro business loans?
According to Business Week Magazine, the default rate is 4%. Kiva, a non-profit micro loan organization reports a 2% default rate. Micro loans generally have a lower default rate than conventional SBA loans.
Does co-signing effect the ability to get your own loans or student loans in the future?
yes if they default it will hurt your credit yes if they default it will hurt your credit
Does co signing effect the ability to get your own loans or student loans in the future?
yes if they default it will hurt your credit yes if they default it will hurt your credit
Can you still get federal student loans if you have defaulted on other student loans that are now deferred?
If your loans are in a Deferment, then they were never in a Default status, they may have been delinquent. You are not eligible for Deferment while loans are Default. So to answer your question, yes you are eligible to take out additional loans if you are in a Deferment.
Can you get a student loan default off credit?
Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
Do states ever default on their loans?
Arkansas defaulted in 1933.
I owe about 7000 in student loans which I am paying on can I go back to school and get more student loans?
Yes, you can take out additional loans as long as you are not in Default on the current loans.
Is student loans badiies?
Student loans can show up as "baddies" on your credit report if they are paid late or in default. These loans are reported similar to revolving loans or lines of credit.
Can my husbands wages be garnished if I default on my student loan?
Not if he did not cosign on the loans.
One spouse is in default on a student loan can the other spouse obtain student loans?
You should be able to as they are individual loans.
