Ask a Lawyer and Get Answers to Your Legal Questions
Good morning. How much do they say you owe in interest? Is this amount a result of the last payment being made and interest being on it that was not factored in?
Thank you. You can always respond to them and indicate that the letter your received stated that your loans were paid in full and you do not owe any additional money or payment. After all, if you did not have a ZERO balance, why would they send that. If money was owed for the forbearance and that period, they should have assessed this. Now, it does not mean that they will agree to this but it is an argument to make, that they advise your loans were paid in full and you do not owed anything else. As such, you can advise them you do not have the money to pay this and see if they will reduce it or work out a payment plan with you, to settle this in full, if it was an error on their part. However, if it was a mistake, the money would still be owed but you can try and use what you have to your advatnage, to try and work something out.
Please let me know if you have any follow up questions or need any clarification on something which I stated above. Also, remember to rate my service at the top of this page, before exiting the site, so I can receive credit for my help. I hope you found it to be Excellent! Only rate my answer when you are 100% satisfied. If you feel the need to click either of the two lower ratings to the left, please stop and reply to me. I want to make sure your experience with the site was as pleasurable as possible and that you are satisfied with the help I provided.