Re re Payments for personal Loans owned by Navient along with other personal loan providers

Re re Payments for personal Loans owned by Navient along with other personal loan providers

Find out how re re payments are applied and allocated.

Solitary Loan – Account is Current

First, the re payment is put on Unpaid charges.

2nd, the re payment is placed on Unpaid Interest. Take into account that interest accrues daily.

Third, the re payment is put on the Unpaid Principal.

We’ll use any Overpayment to month that is next payment – until you are enrolled in Auto Pay or provide unique payment instructions. *

Solitary Loan – Account is Delinquent

First, the re payment is placed on Unpaid charges.

2nd, the re payment is put on Unpaid Interest. Take into account that interest accrues daily. If for example the payment is overdue, you should anticipate your loan will accrue more interest than when payments are created on time.

Third, the re re payment is placed on the Unpaid Principal.

We are going to use any Overpayment to month that is next re re payment – unless you’re enrolled in Auto Pay or provide unique payment instructions. *

Numerous Loans – Account is Present

When you’ve got numerous repayments for comparable loan types, we might cluster them together in a “Loan Group” so that you will get one consolidated declaration when it comes to loans when you look at the Loan Group and may make one repayment to cover all of them.

You may possibly request your loans be ungrouped so at 888-272-5543 that you receive separate statements by calling us. (más…)

Read more...