Introduction
You can avoid collection problems with your student loan while you’re in another country by signing up for an automatic electronic payment. This will automatically pay for the loan by debiting your account. If you end up living in another country, you can still pay your student loans, but pay attention to the exchange rate between currencies.
Instructions
Difficulty: Moderate
Things You'll Need
Steps
1
Step One
Notify your student loan creditor of any changes in your address and phone number. Make it easy for them to find you if something goes wrong.
2
Step Two
Find out if the owner of your student loan offers automatic electronic payments. Most do and many offer breaks on interest charges if you sign up.
3
Step Three
Sign up for automatic payments through a stateside bank.
4
Step Four
Note the date that the automatic payment is deducted from your account.
5
Step Five
Set a deadline for yourself at least two weeks in advance of the payment date if you are living overseas. Give the money plenty of time to transfer to your stateside bank.
6
Step Six
Double check your transaction. Document your transaction and keep those receipts safe
7
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