Sentences with phrase «new loan servicer»

Remember, you'll need to provide details about all the existing loans that you want to consolidate, and choose a new loan servicer and repayment plan when you apply to consolidate.

Your loans will be switched over to your new loan servicer automatically, but you'll need to create a new account with your new loan servicer in order to manage payments and stay in touch online.

But what if your student loan is sold to another lender, forcing you to deal with a new loan servicer?

You don't want to miss a payment because autopay wasn't set up with your new loan servicer or because you didn't have updated payment information.

Go on to your new loan servicer's website and create an account.

If your loan servicer is changing, you will receive a welcome letter from your new loan servicer that includes contact information and supporting materials.

Learn the ins and outs of your new loan servicer so you can take advantage of what they offer.

If you signed up for autopay with your old loan servicer, you'll need to re-enroll with your new loan servicer.

To avoid scams, the Federal Trade Commission states, review the notices you receive and call to confirm the new loan servicer before you make a payment.

If your loan is sold to another loan servicing company, you should be notified by both your former loan servicer and your new loan servicer.

Remember, you'll need to provide details about all the existing loans that you want to consolidate, and choose a new loan servicer and repayment plan when you apply to consolidate.

Complications can also arise when the task of collecting payments on student loans is transferred to a new loan servicer.

You can then choose your new loan servicer from the list of available options.

Current loans will continue to be serviced by partners of the company — borrowers should have received a letter with contact information for their new loan servicer.

Your previous loan servicer and new loan servicer will work together to make sure that all payments you make during the transfer process are credited to your loan account with the new servicer.

To avoid a scam, the FTC says, review the notices and call to confirm the new loan servicer before you send a payment.

After you refinance, you'll have a new loan servicer and won't deal with the previous one anymore.

Refinancing also allows you to combine multiple loans with a new loan servicer.

It's important to make sure your new loan servicer has the right address and phone number on file for you.

Unless you specifically ask your new loan servicer to put the extra money towards the principal, they'll typically credit it towards your loan balance as a whole, starting with the interest first.

Tip: Ask your new loan servicer if there are any restrictions or limitations on how often additional principal payments can be made.

If you've been making extra principal payments to your old lender, you'll need to make sure your new loan servicer is on - board.

But it is a way to streamline your loans into a single monthly payment with a new loan servicer.

During the first 60 days, your new loan servicer won't report any late payments to the credit bureaus but you shouldn't assume that the money you sent will show up on time.

Your previous lender is responsible for sending it along to your new loan servicer but you can't always count on that happening in a timely manner.

Your new loan servicer is required to honor your existing loan terms but that doesn't mean there's no room for error when your loans are sold.

A team of student loan relief specialists right here in San Diego, will process all of the necessary paperwork, and do all of the work including communicating with the Department of Education and your new loan servicer, and re-new the appropriate repayment plan every year for you and even apply for your loan forgiveness at the right time.

It is extremely important to continue to make all of your regular payments on the loans that you have selected to consolidate until you receive your new Loan Consolidation Disclosure Statement and Repayment Schedule from your new loan servicer.

A new loan servicer can be chosen as well, and any repayment plan, including income - based options for which borrowers are eligible, can be selected at the time of application.

-- Hande all of the communication between you and the Department of Education, and your current and new loan servicer, making sure that you are not mislead into the wrong options.

When you consolidate your federal loans, you'll choose a new loan servicer.