Loan rehabilitation is a process where a borrower gets a chance to fix or improve their defaulted loan. It involves making a series of affordable payments over time to get the loan back on track and restore your good payment history.
Full definition
Synonyms for individual words can be found below.
«loan»
«rehabilitation»
Phrases with «loan rehabilitation»
Sentences with «loan rehabilitation»
- In a student loan rehabilitation program, you agree in writing to make nine separate payments within 20 days of the due date during 10 consecutive months. (lendedu.com)
- However, a borrower may simply enroll in a student loan rehabilitation program to get out of default. (usstudentloancenter.org)
- Enter your information below to see what your payments could be if you qualify for loan rehabilitation. (asa.org)
- (see all
sentences)