Category Archives: Lion Cash

Re re Payments for personal Loans owned by Navient along with other lenders that are private

Re re Payments for personal Loans owned by Navient along with other lenders that are private

Understand how payments are allocated and used.

Solitary Loan – Account is Present

First, the re payment is placed on Unpaid charges.

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

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

We shall use any Overpayment to next month’s re re payment – until you are enrolled in Auto Pay or provide unique payment instructions. *

Solitary Loan – Account is Delinquent

First, the re re payment is placed on Unpaid Fees.

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

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

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

Numerous Loans – Account is Present

We may group them together in a “Loan Group” so you will receive one consolidated statement for the loans in the Loan Group and can make one payment to cover them all when you have multiple payments for similar loan types.

You might request that the loans be ungrouped therefore at 888-272-5543 that you receive separate statements by calling us.

Then apply the payment to your Unpaid Fees, Unpaid Interest, and Unpaid Principal as described below if you have multiple loans, we first allocate the payment among your loans and.

Re re Payment allocation:

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