I Used Up All My Deferments and Forbearance and Can’t Afford My Private Student Loans

Question: Dear Steve, I took out both federal and private loans to go to a private undergraduate school. I wish I knew now what a terrible idea that was, but unfortunately, I had no guidance at the time besides my rich friends who said I could just take out loans, it would be fine. Even … Read more

Should I Just Defer My Navient Loans? – Katie

Question: Dear Steve, Hi Steve. So I just spent an hour calling at least 5-7 different numbers of Navient’s trying to find information about my newly defaulted private loans. Because they literally defaulted today, all I was told is to call back by Friday when they’re in the system. My question for you is if … Read more

My Student Loans Have Just Come Due and I Can’t Afford Them With My Credit Cards. – Deb

“Dear Steve, I would really like some advice on what I can do to pay down my credit cards and student loans. I currently have a mortgage ($91,000), second mortgage ($21,000), credit cards ($19,500), and student loans ($30,000). My annual income is $40,000-$42,000. I have my home rented out to cover only my mortgage payment … Read more

I Can’t Stop Paying My Credit Card Because the Consolidation Company Has the Checking Account Number. – Jeanie

“Dear Steve, It looks like I cannot stop paying my credit card because the consolidation company has my checking account nubmer and withdrawing the payment online. If I stop it what shall I do when they harrase me for payment? and now I am wondering how long can a consolidated student loan be on deferrment? … Read more

I Have No Debt But My Student Loans Are Hurting My Credit Score. – Maria

“Dear Steve, Currently trying to buy a home Fresh Grad 1st year New Hire Paid off all debt–except for student loans ($40000) I have been working very hard at imporving my credit since I have obtianed a job in healthcare fresh out of college (’08). I was at 619 and was enrolled in classes this … Read more

I Want to Get My Credit Card Debt Deferred Until I Graduate And Then Pay It Off Slowly. – Alex

“Dear Steve, Hi, so im a senior as an undergrad in california, i ran my credit card for 4,500 dollars and i also owe money to my organization 2,500 dollars. not including the two medical bills i have each for 100 dollars. I get paid 8 dollars an hour with a job i just started, … Read more