Most student loans have a six-month grace period, which means you wonât have to make payments until six months after you graduate, drop out or drop below half-time status. The grace period is meant to give you a chance to find a job and begin earning an income before youâre swamped with bills.
First Party Claims vs. Third Party Claims. There are two types of insurance claims: first party claims and third party claims. While a first party claim is one you file with your own insurance company, a third party claim is one you file with the insurance provider of another person or business.
The âClaim Formâ with details of the creditorâs claim. An âAdmission Formâ for completion if the claim is not contested. A âDefence and Counterclaim Formâ for completion if the debt is disputed. An âAcknowledgement of Serviceâ for completion and return if more time is needed. Guidance on how to complete these forms.