EXPERTS ONLY - Need help with my student loan!

[Optimizer]

My wife and I had some rough times and could not pay on her student loans. Over the 7 years she and I have done nothing the interest has now made the loans go up to about $50,000! I need to start paying on this and taking care of it. No idea who to call or where to start. Do I call these people, mail them or what? How much do I pay or how do I work this out with them? This is what she has listed on her credit report. Any help would be great!

 

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

For This Bureau

Account Type Education Loan Installment

Balance $0.00

Date Opened 10/1/2001 10/1/2001

 

Account Status Closed

Mo. Payment $26.00

Close Account Details Past Due $360.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $5,000.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

For This Bureau

Account Type Education Loan Installment

Balance $0.00

Date Opened 10/1/2001 10/1/2001

 

Account Status Closed

Mo. Payment $27.00

Close Account Details Past Due $348.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $5,500.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

For This Bureau

Account Type Education Loan Installment

Balance $0.00

Date Opened 6/1/2001 6/1/2001

 

Account Status Closed

Mo. Payment $6.00

Close Account Details Past Due $85.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $650.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

For This Bureau

Account Type Education Loan Installment

Balance $0.00

Date Opened 4/1/2001 4/1/2001

 

Account Status Closed

Mo. Payment $14.00

Close Account Details Past Due $226.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $1,400.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

For This Bureau

Account Type Education Loan Installment

Balance $0.00

Date Opened 4/1/2001 4/1/2001

 

Account Status Closed

Mo. Payment $15.00

Close Account Details Past Due $159.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $1,430.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

For This Bureau

Account Type Education Loan Installment

Balance $0.00

Date Opened 4/1/2001 4/1/2001

 

Account Status Closed

Mo. Payment $1.00

Close Account Details Past Due $191.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $130.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

For This Bureau

Account Type Education Loan Installment

Balance $0.00

Date Opened 4/1/2001 4/1/2001

 

Account Status Closed

Mo. Payment $12.00

Close Account Details Past Due $201.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $1,220.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

For This Bureau

Account Type Education Loan Installment

Balance $0.00

Date Opened 4/1/2001 4/1/2001

 

Account Status Closed

Mo. Payment $17.00

Close Account Details Past Due $16.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $1,750.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A No Data Returned

For This Bureau No Data Returned

For This Bureau

Account Type Education Loan

Balance

Date Opened 12/1/2000

 

Account Status Closed

Mo. Payment

Close Account Details Past Due $223.00

Payment Status Claim filed with government for insured portion of balance on loan

High Balance

Limit

Terms 120 Months

Comments

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A No Data Returned

For This Bureau No Data Returned

For This Bureau

Account Type Education Loan

Balance

Date Opened 5/1/2000

 

Account Status Closed

Mo. Payment

Close Account Details Past Due $507.00

Payment Status Claim filed with government for insured portion of balance on loan

High Balance

Limit

Terms 120 Months

Comments

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

Account Type Education Loan Installment

Balance $0.00

Date Opened 8/1/1999 8/1/1999

 

Account Status Closed

Mo. Payment $35.00

Close Account Details Past Due $458.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $3,500.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CITIBANK N A

 

Potentially Negative Closed

800-967-2400

Mailing Address:

701 E 60TH ST N

SIOUX FALLS, SD 57104

More Account Details

 

Account Name CITIBANK N A CITIBANK N.A. No Data Returned

For This Bureau

Account Type Education Loan Installment

Balance $0.00

Date Opened 9/1/1998 9/1/1998

 

Account Status Closed

Mo. Payment $26.00

Close Account Details Past Due $343.00

Payment Status Claim filed with government for insured portion of balance on loan At least 120 days or more than four payments past due

High Balance $2,625.00

Limit

Terms 120 Months

Comments PAID COLLECTION

STUDENT LOAN

 

24-Month Payment History

 

2003 2004 2005

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

OK OK OK OK OK OK OK OK OK OK OK OK 30 60 90 120 120 120 120 120 120 120 KD KD

OK OK OK OK OK OK OK OK OK OK OK OK KD OK OK OK OK OK OK OK OK OK OK OK

 

 

Month

Experian

Equifax

TransUnion

 

 

CREDIT SOLUTIONS CORP

 

Potentially Negative Closed

619-542-8200

Mailing Address:

9573 CHESAPEAKE DR STE 1

SAN DIEGO, CA 92123

More Account Details

 

Account Name CREDIT SOLUTIONS CORP No Data Returned

For This Bureau No Data Returned

For This Bureau

Account Type Unknown - Credit Extension, Review, Or Collection

Balance $157.00

Date Opened 7/1/2007

 

Account Status Closed

Mo. Payment

Close Account Details Past Due $157.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

High Balance

Limit

Terms 1 Month

Comments

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

KD KD KD KD KD KD KD KD KD KD KD KD KD KD KD KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

MIDLAND CREDIT MGMT

 

Potentially Negative Closed

888-403-6206

Mailing Address:

8875 AERO DR

SAN DIEGO, CA 92123

More Account Details

 

Account Name MIDLAND CREDIT MGMT No Data Returned

For This Bureau No Data Returned

For This Bureau

Account Type Unknown - Credit Extension, Review, Or Collection

Balance $102.00

Date Opened 7/1/2006

 

Account Status Closed

Mo. Payment

Close Account Details Past Due $102.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

High Balance

Limit

Terms 1 Month

Comments

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

ND ND KD KD ND KD KD KD KD KD KD KD ND ND ND ND ND ND ND KD KD KD KD KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

For This Bureau USA FUNDS

Account Type Education Loan Installment account

Balance $3,951.00 $1,810.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $3,951.00 $1,810.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $1,298.00

Limit

Terms Unknown

Comments Placed for collection

 

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

Account Type Education Loan Installment account

Balance $2,526.00 $964.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $2,526.00 $964.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $691.00

Limit

Terms Unknown

Comments Placed for collection

 

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

Account Type Education Loan Installment account

Balance $4,079.00 $4,079.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $4,079.00 $4,079.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $2,925.00

Limit

Terms Unknown

Comments Placed for collection

 

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

For This Bureau USA FUNDS

Account Type Education Loan Installment account

Balance $2,280.00 $3,951.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $2,280.00 $3,951.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $2,833.00

Limit

Terms Unknown

Comments Placed for collection

 

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

For This Bureau USA FUNDS

Account Type Education Loan Installment account

Balance $191.00 $191.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $191.00 $191.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $137.00

Limit

Terms Unknown

Comments Placed for collection

 

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

For This Bureau USA FUNDS

Account Type Education Loan Installment account

Balance $1,810.00 $5,743.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $1,810.00 $5,743.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $4,117.00

Limit

Terms Unknown

Comments Placed for collection

 

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

For This Bureau USA FUNDS

Account Type Education Loan Installment account

Balance $5,743.00 $2,570.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $5,743.00 $2,570.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $1,843.00

Limit

Terms Unknown

Comments Placed for collection

 

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

For This Bureau USA FUNDS

Account Type Education Loan Installment account

Balance $964.00 $2,168.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $964.00 $2,168.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $1,554.00

Limit

Terms Unknown

Comments Placed for collection

 

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

Account Type Education Loan Installment account

Balance $3,894.00 $2,526.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $3,894.00 $2,526.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $1,812.00

Limit

Terms Unknown

Comments Placed for collection

 

24-Month Payment History

 

2007 2008

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 120 KD

 

 

 

Month

Experian

Equifax

TransUnion

 

 

U S A FUNDS

 

Potentially Negative Closed

No Phone Provided

Mailing Address:

PO BOX 6180

INDIANAPOLIS, IN 46206

More Account Details

 

Account Name U S A FUNDS No Data Returned

For This Bureau USA FUNDS

Account Type Education Loan Installment account

Balance $2,570.00 $2,280.00

Date Opened 2/1/2005 2/28/2005

 

Account Status Closed Closed

Mo. Payment

Close Account Details Past Due $2,570.00 $2,280.00

Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Collection account

High Balance $1,635.00

Limit

Terms Unknown

Comments

[LynnInMN]

Well credit solutions and midland have nothing to do with your student loans.

 

First step would be to call USA Funds....they would have paid the claim to Citibank. You might also want to log into NSLDS to double check who is holding them first.

 

Call...do not mail.

[Optimizer]

Ok so I called USA Funds and got the following information, please let me know what I should do next.

 

Original School Loan Amount

$2625.00

$3500.00

$3500.00

$1703.18

$1750.00

$1350.00

$1430.00

$130.00

$1220.00

$2750.00

$2500.00

Total Loaned - $22,458.18

Collection Cost - $5624.85

Interest - $4351.07

Total Payoff - $35,334.62

 

So if I pay all this off right now it would be $35,334.62 total (shiet) which I can't do all at once of course. So they told me I had three other options and they are the following......

 

Option A

Consolidate the total loan with new payment schedule

 

Option B

Rehabilitation the loan, making 9 month payments in time. Then credit on my report would then go back to normal.

 

Option C

Gain title for eligibility, make additional loans and go back to school after 6 payments, credit will go back to normal.

 

However to get more details on these options they said I must contact the Collection Agency "Enterprise Recovery Systems - 1-800-377-1904"

 

So what is next Experts? Thanks!!

[LynnInMN]

Really since you cannot pay in full , you only have two options...rehab or consolidate. The regaining financial aid eligibility goes hand and hand with the rehab.

 

With rehab, your USA tradelines will change to paid as agreed. Citibank will not change. Standard payment for the rehab will be about $350...note....no down payment is required to qualify for rehab. If you cannot afford the $350 payment, under the Higher Education Act you are entitled to reasonable and affordable payments based on your household income/expenses. You will probably want to consolidate later down the line after the rehab has been completed.

 

Consolidation is the other option and I would recommend the Direct Loan Program with the USDOE.

[Optimizer]

Really since you cannot pay in full , you only have two options...rehab or consolidate. The regaining financial aid eligibility goes hand and hand with the rehab.

 

With rehab, your USA tradelines will change to paid as agreed. Citibank will not change. Standard payment for the rehab will be about $350...note....no down payment is required to qualify for rehab. If you cannot afford the $350 payment, under the Higher Education Act you are entitled to reasonable and affordable payments based on your household income/expenses. You will probably want to consolidate later down the line after the rehab has been completed.

 

Consolidation is the other option and I would recommend the Direct Loan Program with the USDOE.

 

Thanks Lynn and I should call the credit collector directly and not mail them about this? Would a consolidation or rehab be better for getting this paid off with the least amount of interest and money owed? Also which is better for the credit report? Thanks again!!

Edited January 17, 2009 by Optimizer

[dst1]

Really since you cannot pay in full , you only have two options...rehab or consolidate. The regaining financial aid eligibility goes hand and hand with the rehab.

 

With rehab, your USA tradelines will change to paid as agreed. Citibank will not change. Standard payment for the rehab will be about $350...note....no down payment is required to qualify for rehab. If you cannot afford the $350 payment, under the Higher Education Act you are entitled to reasonable and affordable payments based on your household income/expenses. You will probably want to consolidate later down the line after the rehab has been completed.

 

Consolidation is the other option and I would recommend the Direct Loan Program with the USDOE.

 

Thanks Lynn and I should call the credit collector directly and not mail them about this? Would a consolidation or rehab be better for getting this paid off with the least amount of interest and money owed? Also which is better for the credit report? Thanks again!!

 

 

Egads. I could not read through that wall of text. What was the original student loan debt? You should not have to pay seven years of interest. Negotiate with them on the final amount before you go to rehab. I've seen lenders cave all the way down to the original debt level, just because they want there hands on the money rather than a BK.

 

Sorry, I see it now. I'd try to get it down to the original 22k. That debt collection cost is a bunch of BS. There are in the debt collection business. Remember this: they want your money. And any money out of you is better than no money at all. Though it may surprise you, you are the one in the position of strength. You got the money they want. Play hardball with them and get it in writing.

 

Just so you know, I bet they actually bought that debt for about $2000 and the rest is all profit to them.

Edited January 18, 2009 by dst1

[LynnInMN]

Egads. I could not read through that wall of text. What was the original student loan debt? You should not have to pay seven years of interest. Negotiate with them on the final amount before you go to rehab. I've seen lenders cave all the way down to the original debt level, just because they want there hands on the money rather than a BK.

 

Sorry, I see it now. I'd try to get it down to the original 22k. That debt collection cost is a bunch of BS. There are in the debt collection business. Remember this: they want your money. And any money out of you is better than no money at all. Though it may surprise you, you are the one in the position of strength. You got the money they want. Play hardball with them and get it in writing.

 

Just so you know, I bet they actually bought that debt for about $2000 and the rest is all profit to them.

 

Sorrry...this is a FEDERAL loan. They are NOT sold to CA's. NO SOL and NO BK. They will not negotiate for rehab nor will they settle for the orginate principal. The collection fees are federally mandated.

Edited January 18, 2009 by LynnInMN

[Optimizer]

Egads. I could not read through that wall of text. What was the original student loan debt? You should not have to pay seven years of interest. Negotiate with them on the final amount before you go to rehab. I've seen lenders cave all the way down to the original debt level, just because they want there hands on the money rather than a BK.

 

Sorry, I see it now. I'd try to get it down to the original 22k. That debt collection cost is a bunch of BS. There are in the debt collection business. Remember this: they want your money. And any money out of you is better than no money at all. Though it may surprise you, you are the one in the position of strength. You got the money they want. Play hardball with them and get it in writing.

 

Just so you know, I bet they actually bought that debt for about $2000 and the rest is all profit to them.

 

Sorrry...this is a FEDERAL loan. They are NOT sold to CA's. NO SOL and NO BK. They will not negotiate for rehab nor will they settle for the orginate principal. The collection fees are federally mandated.

 

 

Hey Lynn,

 

I'm not trying to be an flowers here but is there anyway to get out of paying these back with it being so long? Is there anyway to reduce the debt or interest?

 

Thanks

[LynnInMN]

The faster you pay them off, the less interest you will pay. There is no prepayment penalty.

[dst1]

Egads. I could not read through that wall of text. What was the original student loan debt? You should not have to pay seven years of interest. Negotiate with them on the final amount before you go to rehab. I've seen lenders cave all the way down to the original debt level, just because they want there hands on the money rather than a BK.

 

Sorry, I see it now. I'd try to get it down to the original 22k. That debt collection cost is a bunch of BS. There are in the debt collection business. Remember this: they want your money. And any money out of you is better than no money at all. Though it may surprise you, you are the one in the position of strength. You got the money they want. Play hardball with them and get it in writing.

 

Just so you know, I bet they actually bought that debt for about $2000 and the rest is all profit to them.

 

Sorrry...this is a FEDERAL loan. They are NOT sold to CA's. NO SOL and NO BK. They will not negotiate for rehab nor will they settle for the orginate principal. The collection fees are federally mandated.

 

OH, I was having trouble wading though that wall of text. I'm glad you figured that out!