Comments for Student Loans Resources http://premierdebtnw.com What you need to know about student loans Wed, 01 Feb 2012 13:22:36 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Can student loan repayments be put on hold for 2 years if I wanted to become a Buddhist monk? by Cilla http://premierdebtnw.com/can-student-loan-repayments-be-put-on-hold-for-2-years-if-i-wanted-to-become-a-buddhist-monk/#comment-1253 Cilla Wed, 01 Feb 2012 13:22:36 +0000 http://premierdebtnw.com/can-student-loan-repayments-be-put-on-hold-for-2-years-if-i-wanted-to-become-a-buddhist-monk/#comment-1253 Hmm ... according to the people who handle my student loan as long as you're still a student you can get a forbearance. So yeah. Hmm … according to the people who handle my student loan as long as you’re still a student you can get a forbearance. So yeah.

]]> Comment on Can student loan repayments be put on hold for 2 years if I wanted to become a Buddhist monk? by NotAnyoneYouKnow http://premierdebtnw.com/can-student-loan-repayments-be-put-on-hold-for-2-years-if-i-wanted-to-become-a-buddhist-monk/#comment-1252 NotAnyoneYouKnow Wed, 01 Feb 2012 12:48:09 +0000 http://premierdebtnw.com/can-student-loan-repayments-be-put-on-hold-for-2-years-if-i-wanted-to-become-a-buddhist-monk/#comment-1252 Unlike a deferment, which is a borrower right that is allowed under certain educational loan products, you are asking about a forbearance. A forbearance is never granted as a matter of right - a forbearance may only be granted at the discretion of the lender. Unfortunately, there are only certain, limited circumstances in which a lender will even consider a forbearance. Lenders are NOTORIOUSLY picky about granting a forbearance, and they will generally only grant one to a borrower who has an excellent history of repayment. Some of the more common grounds for forbearance are situations where the borrower is unable to work because of serious illness or injury, where the borrower is engaged in volunteer government service, or where the borrower is a medical or dental student in the midst of an internship or residency. Every forbearance request is considered on an individual basis. I can tell you, however, that it is extremely unlikely that a lender will grant forbearance to a borrower who wishes to pursue some optional, non-paid program of personal enlightenment or religious training. But you can always ask. Good luck to you. Unlike a deferment, which is a borrower right that is allowed under certain educational loan products, you are asking about a forbearance.

A forbearance is never granted as a matter of right – a forbearance may only be granted at the discretion of the lender. Unfortunately, there are only certain, limited circumstances in which a lender will even consider a forbearance.

Lenders are NOTORIOUSLY picky about granting a forbearance, and they will generally only grant one to a borrower who has an excellent history of repayment. Some of the more common grounds for forbearance are situations where the borrower is unable to work because of serious illness or injury, where the borrower is engaged in volunteer government service, or where the borrower is a medical or dental student in the midst of an internship or residency.

Every forbearance request is considered on an individual basis.

I can tell you, however, that it is extremely unlikely that a lender will grant forbearance to a borrower who wishes to pursue some optional, non-paid program of personal enlightenment or religious training.

But you can always ask.

Good luck to you.

]]> Comment on Can I carry forward a student loan interest deduction? by the kid http://premierdebtnw.com/can-i-carry-forward-a-student-loan-interest-deduction/#comment-1251 the kid Tue, 24 Jan 2012 01:29:22 +0000 http://premierdebtnw.com/can-i-carry-forward-a-student-loan-interest-deduction/#comment-1251 Nope. Nope.

]]> Comment on Can I carry forward a student loan interest deduction? by Judy http://premierdebtnw.com/can-i-carry-forward-a-student-loan-interest-deduction/#comment-1250 Judy Tue, 24 Jan 2012 00:46:51 +0000 http://premierdebtnw.com/can-i-carry-forward-a-student-loan-interest-deduction/#comment-1250 No, anything over the 2500 limit for a year is lost, gives you no tax benefit. No, anything over the 2500 limit for a year is lost, gives you no tax benefit.

]]> Comment on How to make collections stop calling? by N K http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1248 N K Mon, 02 Jan 2012 20:56:06 +0000 http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1248 Yes they have to attempt to contact you before sending this to default and trust me they can easily prove they tried. If they are accepting your payments, then they cant harass you. Paying them means they agree the current terms of agreement and they cant garnish your wages if the current terms of agreement applies. Give them a cease and desist letter. Tell them the original terms of agreement apply and you are NOT willing to change them. If they try to force you to change, you have the right to refuse payment completely. Read that fine print in your collection agreement if you have them. Depending on which state you live, your payments may or may not be taken from you. http://www.ihatedebt.com/DealingWithYourCreditors/DealingWithDebtCollectors/Cease_and_Desist_Letter_for_Debt_Collectors.php Yes they have to attempt to contact you before sending this to default and trust me they can easily prove they tried.

If they are accepting your payments, then they cant harass you. Paying them means they agree the current terms of agreement and they cant garnish your wages if the current terms of agreement applies. Give them a cease and desist letter. Tell them the original terms of agreement apply and you are NOT willing to change them. If they try to force you to change, you have the right to refuse payment completely. Read that fine print in your collection agreement if you have them. Depending on which state you live, your payments may or may not be taken from you.

http://www.ihatedebt.com/DealingWithYourCreditors/DealingWithDebtCollectors/Cease_and_Desist_Letter_for_Debt_Collectors.php

]]> Comment on How to make collections stop calling? by hentaibabe03 http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1247 hentaibabe03 Mon, 02 Jan 2012 20:04:16 +0000 http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1247 Change your number! lol... No seriously, you should make a payment plan. Tell the next person who calls that you will pay whatever amount weekly or monthly(whatever works for you) And if you sfick to that then they will probally stop calling you. If not ask them to settle. You will have to pay it off in one lump sum but it will be less than what you actually owe. If all that doesn't work tell them you are going to call the police and file harassment charges. When you do finish paying, make sure you get a letter of release or you'll get a surprise 6 months later that you still owe money. If they don't send it harass them untill they do! Hope that helps! Change your number! lol…
No seriously, you should make a payment plan. Tell the next person who calls that you will pay whatever amount weekly or monthly(whatever works for you) And if you sfick to that then they will probally stop calling you. If not ask them to settle. You will have to pay it off in one lump sum but it will be less than what you actually owe. If all that doesn’t work tell them you are going to call the police and file harassment charges. When you do finish paying, make sure you get a letter of release or you’ll get a surprise 6 months later that you still owe money. If they don’t send it harass them untill they do! Hope that helps!

]]> Comment on How to make collections stop calling? by americanfreeman http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1246 americanfreeman Mon, 02 Jan 2012 19:44:28 +0000 http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1246 easy, pay the bill, they will stop calling otherwize they can call you everyday. easy, pay the bill, they will stop calling

otherwize they can call you everyday.

]]> Comment on How to make collections stop calling? by rec http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1245 rec Mon, 02 Jan 2012 19:31:09 +0000 http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1245 if you're paying it they shouldn't be calling you. it depends on how past due the loan is. they'll have documentation of when they notified you, but no, they don't need to let you know that the loan is in default, obviously they assume you know that,because you aren't paying int. if you contact the loan company and explain it to them, i'm sure they'll be glad to help. most of them are pretty helpful. if you’re paying it they shouldn’t be calling you. it depends on how past due the loan is. they’ll have documentation of when they notified you, but no, they don’t need to let you know that the loan is in default, obviously they assume you know that,because you aren’t paying int.

if you contact the loan company and explain it to them, i’m sure they’ll be glad to help. most of them are pretty helpful.

]]> Comment on How to make collections stop calling? by DAS http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1244 DAS Mon, 02 Jan 2012 18:35:50 +0000 http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1244 No they don't have to stop calling you, but they have to stop harassing you and saying things that are not true. You need to definitely speak to a lawyer. No they don’t have to stop calling you, but they have to stop harassing you and saying things that are not true. You need to definitely speak to a lawyer.

]]> Comment on How to make collections stop calling? by Cajun http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1243 Cajun Mon, 02 Jan 2012 18:33:51 +0000 http://premierdebtnw.com/how-to-make-collections-stop-calling/#comment-1243 Hang up on them. Unfortunately there is no "do not call" list for creditors. Ignore the call or simply hang up on them. Trust me you aren't being rude by doing that. Hang up on them. Unfortunately there is no “do not call” list for creditors. Ignore the call or simply hang up on them. Trust me you aren’t being rude by doing that.

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