Whatever the reason the student or parent of a student is seeking help with a defaulted loan, the first step is to obtain and review at least four documents that pertain to all student loan.
They are the:
1. Promissory Note.
2. Disclosure Statement,
3. Collection History and
4. Payment History
Together they are often referre to as the "docs." For defaulted loan they may be in a number of different locations. If a bill collector is trying to collect the debt, then the entity that referred the debt to the collector should have the documents. Whatever the reason the student or parent of a student is seeking help with a defaulted loan, the first step is to obtain and review at least four documents that pertain to all student loan[...]
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