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purplegurl1920

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About purplegurl1920

  • Birthday 06/03/1970

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  1. Information for student loan borrowers Principal and interest payments on federally-held student loans are automatically suspended through January 31, 2021. What you need to know Interest and monthly payments on federally-held loans are suspended through January 31, 2021. You do not need to contact your student loan servicer or take any action on your federally-held student loans. Make sure your servicer has up-to-date contact information and check your mail or email so you can receive any updates or information about your loans. Suspended payments through January 31, 2021, will count towards any student loan forgiveness program, as long as all other requirements of the loan forgiveness program are met. Find out if you qualify The student loan payment and interest suspensions only apply to federal student loans held by the Department of Education. See a list of federal student loan servicers Some federal student loans under the Federal Family Education Loan (FFEL) Program are owned by commercial lenders, and some Perkins Loans are held by the institution or school you attended. Your FFEL lender or school may choose to suspend interest and payments on a voluntary basis, but they are not required by law to do so. You can contact your servicer to find out if these options are available to you. What to do if you have federally-held student loans You don't need to take any action. From March 13 through January 31, 2021, the interest rate is set to 0% and payments are suspended for student loans owned by the federal government. If you are financially able to make payments or continue making payments on your student loans, any payments you made or make after March 13 will be applied directly to principal once all the interest that accrued prior to March 13 is paid. This will help you pay off your loans faster. If you made a payment toward your federally-held student loans after March 13, you can request a refund from your student loan servicer. If your federal student loan is already in default The Department of Education has stopped the collection of defaulted federal student loans, including garnishment of wages and the offset of tax refunds and Social Security benefits, through January 31, 2021. There is no additional action required from you for your federally-owned loans. For all other defaulted federal loans, contact your loan holder to find out about your options. If you are rehabilitating a defaulted student loan, any missed payments through January 31, 2021, due to the coronavirus pandemic will not be considered a missed payment against your rehabilitation. Learn more about rehabilitating a defaulted federal student loan If you are working toward Public Service Loan Forgiveness If you are working toward Public Service Loan Forgiveness (PSLF) you need to be aware of a few key items. Only Direct Loans are eligible for PSLF. All Direct Loans are owned by the federal government. For Direct Loans, even though payments are suspended, those suspended payments through January 31, 2021, will count as though you had made a payment toward loan forgiveness programs as long as the other the PSLF program requirements are met. If you have other types of federal loans and are working in public service, you can consolidate most, if not all, of those loans into a Direct Consolidation Loan, which is eligible for PSLF if other program requirements are met. Learn more about the PSLF program requirements If someone contacted you to pay a fee to suspend your payments This is a scam. The federal government will not ask for a fee to suspend your payments. If someone asks for money to process this information, it is a scam and you should report them to the FTC’s complaint assistant . You do not need to pay someone to help with your student loans. You should also be aware of these warning signs to help you avoid student loan debt relief scams and how to get help. What to do if your federal loan is held by commercial lenders or your school Some loans under the Federal Family Education Loan (FFEL) Program are owned by commercial lenders, and some Perkins Loans are held by the institution or school you attended. FFEL lenders and schools may choose to offer interest and payment suspension benefits. If you have FFEL or Perkins loans, you should contact your student loan servicer for more information. Perkins loan borrowers can request forbearance from their institution, not to exceed three months. This forbearance counts toward the cumulative three-year maximum allowed for Perkins loan forbearance. Additionally, you are not required to provide documentation to be considered for forbearance. Federal student loan borrowers can consider income-driven repayment plans . Depending on your income or family size, your payments could be as low as $0. You may be able to enroll online without calling your servicer by visiting studentaid.gov . If you are already enrolled in an income-driven repayment plan but are experiencing a change in income, ask your servicer to recalculate your monthly payment. If you are still required to make a payment that you can’t afford and you only need a temporary pause on payments, investigate whether deferment or forbearance is an option for you. Servicers can grant a 90-day forbearance to borrowers who are experiencing financial difficulties due to the pandemic. If you are still unable to make a payment after 90 days, you can request to renew this forbearance. Putting your loans into a deferment or forbearance will not result in negative credit reporting. What to do if you have private student loans Many private lenders have already implemented forbearance options that allow borrowers to postpone monthly payments, some for up to 90 days. Some private lenders also are waiving late fees and will not file negative reports to consumer reporting agencies. Some private lenders also offer their own reduced payment options. To find out what is available to you, contact your student loan servicer. Learn ways to protect yourself if you’ve co-signed a student loan Sent from my iPhone using Tapatalk
  2. To reassure you it will be ok. First thing that took a hit was the average age of credit. You add a new card so now 15 yrs is cut in 1/2 due to the new card. It will recover it will just take time. As long as you don’t have any plans to purchase anything anytime time I wouldn’t worry. You know you are good. Sent from my iPhone using Tapatalk
  3. Since I was 90% on that card my score took a hit. I was paying it off to boost my score. So if they pull right now, my letter will look at little something like this. [emoji23][emoji1787][emoji23] Dear Madame, Are you for real? Hell No, there will be no increase for you. We are in middle of a pandemic and people are out of work. You are not about to charge this card right back up. Yes, we know it was $8k but Madame please sit down and take this $1k because we could close your card altogether. Next month after your dramatic score increase we may auto increase you. We doubt it but that may give you some hope. Kind Regards, Barclays Card Management [emoji1787][emoji23][emoji1787][emoji23][emoji1787][emoji1787][emoji23][emoji1787][emoji23][emoji1787][emoji23][emoji1787][emoji23][emoji1787][emoji23][emoji1787] Sent from my iPhone using Tapatalk
  4. Yeah about that. It was 90%. I was a bad bad. It’s 0% now. [emoji322][emoji322] Sent from my iPhone using Tapatalk
  5. Save thing happened to me on my Barclays NFL card last week. They reduced me from 8k to 1k. It hurt my feelings I called them and they wanted to do a hard pull to restore it. I was like what the what???That’s ok. I was blessed to be to pay it off so they just did me a favor. I was trying to decrease my utilization. Sent from my iPhone using Tapatalk
  6. That’s what I’m talking about. That interest helps a little bit. Congrats Sent from my iPhone using Tapatalk
  7. https://www.consumerfinance.gov/about-us/blog/what-you-need-to-know-about-student-loans-and-coronavirus-pandemic/?utm_source=newsletter&utm_medium=email&utm_campaign=wc&utm_term=April12020 Sent from my iPhone using Tapatalk
  8. https://studentaid.ed.gov/sa/repay-loans/default/collections Your other option to avoid garnishment is to make a request for a hearing. You should make a hearing request in writing, postmarked no later than 30 days from the date the garnishment notice was sent; make a request for a hearing, even if you are requesting copies of documents, because requesting documents doesn’t delay a garnishment order; provide proof to support any objection made to the existence, amount, or enforceability of the debt, or financial hardship; and pay any expenses you incur to obtain legal representation and to attend an in-person hearing. (All in-person hearings are held at one of the three regional offices: Atlanta, Chicago, or San Francisco. You are responsible for the cost of attending and the cost of any witnesses that attend on your behalf.) Sent from my iPhone using Tapatalk
  9. Congrats. When you are done save that money each month. Then when it’s time to get another can chunk a ton of money at it. Then have a very low payment. That’s what I do. Sent from my iPhone using Tapatalk
  10. Yes, read the fine print. Make sure they didn’t make the term longer. Hence, the lower payment. Sent from my iPhone using Tapatalk
  11. I love a great success story. Sent from my iPhone using Tapatalk
  12. Next will they start to takes taxes from your check too. Oh wait, this is already happening. [emoji23][emoji23]Please don’t let this happen. Sent from my iPhone using Tapatalk

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