Debt and student loans

Forum|Forum|6 years ago
April 11, 2020
1 reply
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Hello,

My name is Danielle Olivari & I have been un employed for over a year now. I have a student loan over 12,000 & a credit card debit for almost $500. Is there anyway i can put a hold on the load so I dont keep paying interest on it until I have $ coming in & can we figure out something for the credit card debt? Please get back to me ASAP. Thank you so much stay healthy & safe!

DavidS127

For your student loan, the U.S. Department of Education has automatically placed borrowers in an "administrative forbearance" which allows you to temporarily stop making your monthly loan payment from March 13, 2020 until September 30, 2020. See the details on the suspension of student loan payments, including Q&A, at this this link.

For the credit card debt, contact your credit card company or sign in to your online credit card company account for information on assistance available from them.

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