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

Find out how re re payments are allocated and used.

Solitary Loan – Account is Present

First, the re payment is put on Unpaid charges.

2nd, the re payment is put on Unpaid Interest. Remember that interest accrues daily.

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

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

Solitary Loan – Account is Past Due

First, the re payment is put on Unpaid charges.

2nd, the payment is placed on Unpaid Interest. Take into account that interest accrues daily. In case the payment is overdue, you should anticipate that the loan shall accrue more interest than when re payments are formulated on time. להמשיך לקרוא