Taking a good hard look at your loans.

I finally got into the online web site of one of my loans though the American Education Services. For some reason I was locked out of my account and after much emailing and complaining they finally let me back in. I might of forgotten my user name and pass word. But it was not a simple request to have it all reset. So keep in mind write down your user names and pass words and keep them in a file easy to find so this does not happen to you. Its not easy to have them open up again and your loan information is trapped in internet jail.

I got in and found I have 2 loans though AES. And I am behind a few months too. Not good. But I did start making payments so that is good but not good since I am behind. I see I have 2 loans also. And it seems they take my payment and split it up between the two. Now this does not do much in paying down each loan when you are behind. So I will have to bit the bullet and call them and have this straighten out somehow. 

Looking at these two loans one is only for 265.00 the other 3508.00 right now. This is just 2 loans out of the many I ended up taking out and did not realize it until it was too late. Yes it can happen even to the best of people. To get back to what I am saying. I see a smaller more manageable loan here. 265.00 They only put something like 3.00 toward that loan. That is not nearly enough to do anything in any amount of time. It will take 11 years to get this paid off. Yea not a good option. So while I"m on the phone with the nice people at AES I am going to find out how I can extra payments just toward that loan. Or if I can pay it off just by it self somehow. That would eliminate that one loan off my credit report too. So that is the plan. I'll let you know how it pans out. 

But if I pick up an extra job. Sell enough on ebay or how ever I earn extra income this small thing can work if I do not get some kind of weird run around from the AES about how they can not figure out how to do this. I"m not sure how hard it work be to write a check for that amount and tell them to pay off that loan. But I have dealt with these people before and sometimes it can take 2 or 3 different people to figure out this task. 

For now this is my goal. I"m going to look though the list of other loans though Sallie Mae and pick out the smaller ones and see if its possible to do the same thing. Its easier to pay off the smaller loans then to try to tackle all of them at once as much as possible. At least that is my thinking and logic. We all are looking at one huge number on these loans. I think we should break it down to more manageable numbers for now. 

The only way to find out is it try it and see what happens right?