Hello all,
I recently obtained a forebearance from Direct Loans (US DOE on my credit report). My loan had defaulted once w/Wells Fargo, again w/Texas Guaranteed. I've spoken with 2 different representatives at DOE. The first told me that DOE was the same entity as Texas Guaranteed. The second told me it wasn't and that they don't have a rehab program. Do I no longer qualify for a rehab program?
Full Version: No Rehab?
Confusion about who's who aside, if they granted you a forbearance, you're not in default. If you're not in default, you can't rehab.
So should I let it default again to get a rehab?
QUOTE (minnie mouse @ Jul 22 2008, 06:09 PM) 
So should I let it default again to get a rehab?
What are you looking to gain with rehab?
QUOTE (minnie mouse @ Jun 24 2008, 08:16 PM)
Hello all,
I recently obtained a forebearance from Direct Loans (US DOE on my credit report). My loan had defaulted once w/Wells Fargo, again w/Texas Guaranteed. I've spoken with 2 different representatives at DOE. The first told me that DOE was the same entity as Texas Guaranteed. The second told me it wasn't and that they don't have a rehab program. Do I no longer qualify for a rehab program?
I recently obtained a forebearance from Direct Loans (US DOE on my credit report). My loan had defaulted once w/Wells Fargo, again w/Texas Guaranteed. I've spoken with 2 different representatives at DOE. The first told me that DOE was the same entity as Texas Guaranteed. The second told me it wasn't and that they don't have a rehab program. Do I no longer qualify for a rehab program?
DOE and Texas Guaranted are definately not the same thing. DOE is the Direct Lending and Texas is a FFELP lender. However if you are not in default, you are not eligible for rehab. And no you do not want to default to get into rehab.
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