defaulted student loans
Date: Mon, 04/06/2009 - 15:12
defaulted student loans
I have defaulted student loans that are in a collection agency now. The principal is about 12k and with all interest and fees is like 20k. I am finally in a position where I can make payments. I would like to make one payment but cant pay it in full. Can I settle for something less if I make a payment? ive heard i can settle for significantly lessand have it removed from my credit report. My credit is currently awful and I have never made any payments on this 6 year debt. Conserve is the company collecting (don't know if this makes a difference)
Student loans will settle but not for significantly less like ot
Student loans will settle but not for significantly less like other consumer loans. More than likely they will waive all or some of the collection fees. Plus they will not remove.
thanks for the reply. how long until it actual comes off my cred
thanks for the reply. how long until it actual comes off my credit report
7 years from the claim paid date or the date of default.
7 years from the claim paid date or the date of default.