"What Happens After Student Loan Rehabilitation"
If you’re struggling to make your student loan payments, you may be considering loan rehabilitation. Loan rehabilitation is a process where you make 9 on-time, monthly payments within 10 months. Once you complete the loan rehabilitation process, your loans will come out of default and be transferred to a new servicer. You may also be able to regain access to certain benefits, like deferment and forbearance.
However, there are some things you should know before beginning the loan rehabilitation process. First, while your loans will no longer be in default after completing loan rehabilitation, the default will still appear on your credit report for 7 years. Additionally, the amount you pay each month during loan rehabilitation may be higher than your previous monthly payment because it’s based on your income and family size.
The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706