Student Loan Debt

[tommyt3345]

What is the name of your state (only U.S. law)? California

I recently graduated from college and my loans are due. I am three months behind in payments and have no money, and no job. They said that there is no more deferment or forbearance left on my account so the only option I have is to pay. Is this really the only option I have? It is impossible for me to pay anything right now, but I don't want this to affect my credit.

My dad said he would help me out with a little bit of the payment next month until I find a job, but he won't pay what I already owe them... just help me make future payments. Will this change anything in the status of the loan? Or I need to pay everything I owe first and get up to date? If I start making payments on time next month but still owe for the three months I didn't pay, will it still go into default after 180 days? These are private student loans.

Thanks for any advice.

 

[Antigone*]

What is the name of your state (only U.S. law)? California

I recently graduated from college and my loans are due. I am three months behind in payments and have no money, and no job. They said that there is no more deferment or forbearance left on my account so the only option I have is to pay. Is this really the only option I have? It is impossible for me to pay anything right now, but I don't want this to affect my credit.

My dad said he would help me out with a little bit of the payment next month until I find a job, but he won't pay what I already owe them... just help me make future payments. Will this change anything in the status of the loan? Or I need to pay everything I owe first and get up to date? If I start making payments on time next month but still owe for the three months I didn't pay, will it still go into default after 180 days? These are private student loans.

Thanks for any advice.

What did the lender say when you asked them these questions?

 

[tommyt3345]

They said that any payment I make will go towards the past due amount and it can default at any time until it becomes current. They said that making a partial payment can only take 30 days off the past due length.