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What is the best way to avoid problems in repayment phase?

April 26, 2017avoid best phase problems repayment

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What is the best way to avoid problems in repayment phase?

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You should know the name and contact information of your lender, holder or servicer so that you will be able to stay in touch should you have a problem. Know your rights and responsibilities as a borrower. When you take out a loan you also take out an obligation to repay the debt. If you have a problem repaying your loan, you have the right to discuss options such as deferment or forbearance to help you meet your obligation.