Legal Question in Credit and Debt Law in New York

School loan that go in default

is ther any way tthat you can pay off the loan without having to pay all the other fees associated with the loan going into default


Asked on 3/14/07, 4:13 pm

1 Answer from Attorneys
Guy Lewit Guy Mitchell Lewit, Esq.

Re: School loan that go in default

Probably not. If you go into default on certain school loans you have to pay collection charges, interest and other fees...you certainly have the right to ask about settlement and try your best to work it out that those charges are waived...but if you are in default they have the right to collect them.

Read more
Answered on 3/14/07, 4:52 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in New York