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Defaulted private loans...want to get mortgage in 2 years...what to do?

Juniper117

By Juniper117
in Student Loans

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Juniper117

Juniper117

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My current plan was to pay off all other debt ASAP while I pay enough on my defaulted private loans that I can get the balance down a bit each month (pay the interest, and a bit more). Once my other debts (car loan, other student loan, credit card) are paid off in about 18 months I can attach the student loan that's in default.

 

However, we want to get a mortgage in about 2 years. DH is a cosigner on my defaulted loans (They just defaulted this month).

 

Will I not be able to get any type of loan with this private default on my credit report? Or will making consistent payments for 2 years be enough to make the defaulted loan 'ok'? My other debts total about 13k while the student loan is 25k.

  • 2 weeks later...

The last post in this topic was posted 6088 days ago. 

 

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