09-16-2007, 11:53 AM
Negotiations and student loans aren't really compatible.
Look into rehabilitation of your loans, which requires 12 consecutive on-time payments. At that point, the loan is taken out of default and treated normally.
Also, unless you plan on forfeiting all of your income tax refund towards student loans (which will not count as an on-time payment), it might be beneficial to re-organize your withholding so you wind up with the smallest refund possible, if at all.
Check out the Creditboards website for a lot of helpful information
http://www.creditboards.com/forums
Look into rehabilitation of your loans, which requires 12 consecutive on-time payments. At that point, the loan is taken out of default and treated normally.
Also, unless you plan on forfeiting all of your income tax refund towards student loans (which will not count as an on-time payment), it might be beneficial to re-organize your withholding so you wind up with the smallest refund possible, if at all.
Check out the Creditboards website for a lot of helpful information
http://www.creditboards.com/forums