Posted 03 December 2003 - 04:16 PM
I went onto the website today and filed for loan consolitation. Is it to late or will I be able to get them consolidated and moved into a better status on my credit reports?
Posted 04 December 2003 - 12:18 AM
If you consolidate while in default, you will codify the defaul status for the next 7 years. A much better solution would be to go into a rehabilitation program and rehab the loans. With Direct Loans, once your loans are rehabbed, all negative items are usually removed and replaced with paid as agreed. You will see your credit scores soar this way.
Posted 04 December 2003 - 10:05 AM
Not sure what that means....I have an email from them saying to call in 5 days to check on the status of my loans, so Ill do that.
Reason I need to consolidate is that I have one monster for $20,000 and about 5 others ranging from $3K to $6K. And they all want like $200/month in payments....cant afford that.
I did send money to DofE for the $20,000 loan last week...not sure how they're going to respond.
I really need these items paid or paying...and showing better on my report.
Posted 04 December 2003 - 11:00 AM
One question for you, are all your loans with DOE?
Posted 04 December 2003 - 11:44 AM
So I filed for consolidation yesterday...I can still cancel that right?
And I know..stupid question, but how do I start rehabbing? Just sending them $$$ will that do it?
Posted 11 December 2003 - 12:44 PM
Posted 12 December 2003 - 04:02 PM
Posted 12 December 2003 - 04:39 PM
So what should I do now...I sent CA a DV letter yesterday.
I really dont want to call CA and talk to them...but I will if I have to. Should I call them and talk to them about rehabing this loan? Ive read a ton about it...some are saying I have to pay a down payment to start it..others are saying I dont.
CA called and wanted 21,000 settlement....didnt want to talk about payment.
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