Defaulted student loans recovering consolidating


If you say no, that’s when the application process begins.

So if you only have Perkins Loans, you’re not eligible for a Direct Consolidation Loan.The following scenario makes many student borrowers susceptible to student loan default.You attend college for better opportunities, to become a viable competitor in the job market.You should try to avoid defaulting on your student loans.A default will negatively impact your credit score and your ability to obtain credit in the future.You aren’t exactly considered credit worthy if you’re not paying your loan in a timely manner.

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