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All I could do was put my loans into forbearance, causing them to accrue additional interest.
One borrower told the bureau that his loan servicer automatically put his loans into forbearance without his permission.
As they argued, Ms. Chepulis said, her mortgage went into forbearance, meaning that FEMA would no longer provide assistance for the apartment she and her husband are renting while they wait to build a smaller replacement home.
Rather than take the time to help people find the best repayment plan, authorities say that Navient took the easy way out by steering borrowers into forbearance plans that temporarily postponed their payments but racked up interest charges.
All former Corinthian students who file a claim can have their federal loans immediately placed into forbearance, stopping their monthly payments while the department works to resolve the claim.
Choosing to go into forbearance won't affect a borrower's credit score, but it will mean you will pay more interest.
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Last summer the museum entered into a forbearance agreement with its bond insurer, ACA Financial Guaranty, which will expire on June 30.
In July, the Journal Register Company, owner of The New Haven Register and a group of smaller papers, entered into a forbearance agreement with lenders, allowing it to skip some payments.
Banco Inbursa and CPC Group entered into a forbearance agreement in May to negotiate a possible loan modification that lapsed in June.
Unfortunately, many for-profits have pursued a strategy other than offering better value; instead they hire firms that specialize in getting broke former students on the phone and offering them gift cards or other inducements to place their loans into artificial "forbearance" status.
Unfortunately, many for-profits have pursued a strategy other than offering better value; instead they hire firms that specialize in getting broke former students on the phone and offering them gift cards or other inducements to place their loans into artificial "forbearance" status.
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