December 19, 2008, Newsletter Issue #99: Defaulted Student Loans

Tip of the Week

When you default on a student loan, there are few options available to get you out of trouble. However, it may be possible to talk to a lender about refinancing the loan. This may help you lower your monthly payment and therefore restore your credit history. Not all lenders will be willing to do this so you best bet is to start with the lender who currently holds your student loan. They have the most to lose if you donít make payments so they may be willing to work with you on alternative options to put you in a position to be able to make the monthly payments.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Student Loan Tip Site? Request a Tip Now!

Guru Spotlight
Jennifer Mathes, Ph.D.
Buy My Book