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Posted in Student Loans
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bryabee

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Student Loans Separate accounts count numerous times against credit?
Each student loan account(created each semester over a bachelors and a masters) are being counted separately. So a 90 day missed payment on my student loans is counting against me 14 times. Is this right? And if it is not, can it be disputed?

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Student loans...

Created by wall street to keep americans shackled to their debts. 

Contact the lender(s) and ask to have all the loans to rolled into 1 account. it can take some begging and negotiating, but it can be done. In a few years all 14 accounts are going to require monthly payments, what then?  At the same time set up a repayment plan and stick to it. If you can't make a full payment, send something. Even $5 will show up as a payment made rather than no payment at all. you'll just end up oweing more for missing that payment. 

When ever possible make the largest payment you can afford.  Interest on all these loans is compounded Daily so the more you pay the less interest  that accrues. 

Hope that helps. 

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