I had monthly auto pay set up for my loans due the 3rd of every month.
Last it applied was on March. After reading a thread yesterday about autopay being automatically disabled for everyone, i decided to check mine as well.
and looks like they automatically turned my off as well.
I know that currently there are no interest rates accruing for student loans. but i am not in a predicament where I would be having to stop making monthly payments. so i was planning on letting my auto pay do its thing.
now it says that its in forbearance (doesnt sound like a good word lol). does that actually do any damage to me? it says payment will resume on 11/20. just to make sure, not making payments at this time WONT make me default, or anything? there isnt a catch to this whole thing correct?
(i.e. like all these mortgage loans or car loans thats giving you some "deal" due to current hard times, that turns out its actually a bad deal to take if you dont require the help).
Submitted April 06, 2020 at 06:32PM by iamnewnewnew https://ift.tt/2JHb7Ly
