Business, 04.02.2020 13:51 jeffreyaxtell4132

Q: if you are falling behind on your student loan payments, which of the following steps should you take to avoid default?
transfer your balance to a credit card
file for bankruptcy
contact your lender
you cannot default on student loans

Answers: 3

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Answers

Contact your lender if you are falling behind on your student loan payments. Missing student loan payments is one of the worst things you can do in terms of maintaining a good credit score.

Answer from: lisa5250

If you are falling behind on your student loan payments, Contact your lender should you take to avoid default.

Further Explanation:

money lender do:

The activity of a home credit moneylender is to advance money for acquiring property. The moneylenders can be banks, credit affiliations or private people. They don't credit people money yet rather secure or buy contracts from home advance moneylenders, along these lines recharging their salary and engaging them to continue offering advances to other individuals.

Move your equalization to a Visa:

A balance move is the time when you pay off the equalities on existing Visas or advances by moving them to another charge card account. (Some of the time, you may be charged a cost to complete the evening out move consistently a degree of the trade balance. Dynamically about that later.

Seeking financial protection:

Seeking financial protection security is a legal technique that either decreases, revamps or discards your commitments. Requesting of for budgetary insurance with a court is the underlying advance. You can record without anyone else or you can report with a lawyer. Liquidation costs consolidate legal advisor charges and recording expenses.

You can't default on understudy advances:

If you don't make any portions on your administration understudy propels for 270-360 days and don't make remarkable game arrangements with your moneylender to get a postponement or limitation, your advances will be in default. Note that understudy advances are by and by regularly not dischargeable through bankruptcy.

Subject: business

Level: High school

Keywords: money lender do, Move your equalization to a Visa, Seeking financial protection, You can't default on understudy advances

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