Comment from cbh107
Time July 19, 2009 at 8:56 pm

Sounds like you want a chance to get your loans paid back and restore your credit to a healthy level. Have you talked to Sallie Mae to explore all options and help get your monthly payments to a manageable level? Give them a chance to help – they will. Call toll-free at 888-2-SALLIE and provide them with your account number. Tell them exactly what you’ve blogged here and ask them for help on repayment options, including consolidation for both types of loans.
If you haven’t consolidated your federal loans yet, that might help you. You don’t need a cosigner to do that. And you can typically consolidate as long as none of your loans have defaulted. If you can consolidate your federal loans, try to get a deferment called “financial hardship deferment.” Then you can focus on paying down your private loans. Hope this helps.

Comment from knight01
Time July 20, 2009 at 12:08 am

If the loans are in default, your best bet is to work with the current lenders to restructure them. If they are not yet in default, you may be able to do a consolidation loan. Generally credit is not an issue with consolidating the loans, as long as they are no in default.
A couple of places I recommend are Chase Bank, they have a student loan division you can reach through http://www.usadegrees.com/consolidate/ and Student Loan Advisors at http://www.StudentLoanAdvisors.com
Good luck with getting everything straightened out. It’s certainly stressful, but it’s better to be proactive than reactive in matters like this.

Comment from Matt J
Time July 20, 2009 at 1:07 am

Students who are looking for a bad credit student loan should pick three schools they are most interested in, talk to the admissions office, and ask what is needed to apply in their school.A bad credit

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