From: Dan Hogan [[email protected]]
Sent: Monday, April 2, 2012 3:43 PM
To: Hunter Hogan
Cc: Lindy Lumbert
Subject: Forbearance – your loans
I spoke with Chase today. They agreed to a 2 month forbearance so the March and April payment is delayed. Payments must resume May 6.
Regarding the 2nd loan I co-signed from NCT, I will be filling out a forbearance for that loan too. Hopefully, they’ll grant it too.
You mentioned bankruptcy. That is an option but legally it does not forgive private student loans and most federal student loans. It’s my understanding that your student load default or non-payment would always be part of your credit history and mine.
If you are to default on your loan payments, I have two options: pay or not pay.