Loans - Default determination

(Please Ask Questions and Answer Questions)
User avatar
john1990
Posts: 1211
Joined: Sun Jun 05, 2011 5:49 pm

Loans - Default determination

Postby john1990 » Thu Nov 21, 2013 4:35 pm

Grad Plus loans say I am not eligible if I have a default determination in the last 5 years. If I default but make full payment is that a determination? Or is a default determination only when you negotiate to pay a portion of your debt to settle a default instead of making full payment.

DD- /full pmt

User avatar
twenty
Posts: 3153
Joined: Wed Jan 11, 2012 1:17 pm

Re: Loans - Default determination

Postby twenty » Fri Nov 22, 2013 3:12 am

How do you default and still make the full payment? You only default when you refuse to pay...

If you defaulted on anything, secured or unsecured in the last five years, I'd be very surprised if you could get GradPlus loans.

User avatar
john1990
Posts: 1211
Joined: Sun Jun 05, 2011 5:49 pm

Re: Loans - Default determination

Postby john1990 » Fri Nov 22, 2013 10:29 am

by missing payments and having it sent to a credit agency is it already to late to qualify? I made full payment. The internet was not very helpful with the same terminology, but i will keep you posted

User avatar
A. Nony Mouse
Posts: 22848
Joined: Tue Sep 25, 2012 11:51 am

Re: Loans - Default determination

Postby A. Nony Mouse » Fri Nov 22, 2013 10:35 am

You would probably be best off talking to your loan provider.

User avatar
twenty
Posts: 3153
Joined: Wed Jan 11, 2012 1:17 pm

Re: Loans - Default determination

Postby twenty » Fri Nov 22, 2013 1:13 pm

Yeah, there's no way we can help you figure this out. Contact your provider.

User avatar
john1990
Posts: 1211
Joined: Sun Jun 05, 2011 5:49 pm

Re: Loans - Default determination

Postby john1990 » Mon Nov 25, 2013 9:01 am

Image




Return to “Law School FAQ”

Who is online

Users browsing this forum: No registered users and 2 guests