Tweet
Thanks again for all the helpful replies, I'm looking for a second job at the moment but for some reason Sallie Mae is making this as difficult as possible for me.
Theyre now asking me for $865 a month.
I have attempted multiple times to contact them and let them know my situation and why I cannot pay that amount but am willing to pay what I can. The overwhelming response is either I apply for a forebearance which basically means I pay money into a fee rather than my loan or I need to default.
I have asked them to extend it but they say they cannot due to the type of loan I have which is a Student Signature Loan (I had to sign for myself).
I've been to a few banks who also said they couldnt help me consolidate my loans (I'll see if they can give me a personal loan if it comes down to it)
Is there anything anyone else can think of to possibly lower the monthly payments, I understand I'll be paying more over the lifetime of the loan but it's better than defaulting.
I really feel like im being consumed now and that I'm in way over my head.
Theyre now asking me for $865 a month.
I have attempted multiple times to contact them and let them know my situation and why I cannot pay that amount but am willing to pay what I can. The overwhelming response is either I apply for a forebearance which basically means I pay money into a fee rather than my loan or I need to default.
I have asked them to extend it but they say they cannot due to the type of loan I have which is a Student Signature Loan (I had to sign for myself).
I've been to a few banks who also said they couldnt help me consolidate my loans (I'll see if they can give me a personal loan if it comes down to it)
Is there anything anyone else can think of to possibly lower the monthly payments, I understand I'll be paying more over the lifetime of the loan but it's better than defaulting.
I really feel like im being consumed now and that I'm in way over my head.
Comment