Ok, I'm not understanding...

could someone please tell me the difference in Rehab and Consolidation?

Also, a few times people has called me about consolidating my loans before they went into default. We can't afford that much and I was told that I could do the "Income Contigent" thing. The problem is...with the income contingent, you have to provide copies of your recent tax forms. Well, I don't have tax forms as I wasn't working. She sent papers and on the tax form part wanted my husband to sign and submit HIS tax forms. Well, he will not do this. He's afraid that this will mean he is signing that he will be liable for the debt. Is that what it would mean? I do not want to get his credit and everything else involved in these stupid student loans. So, needless to say I couldn't send in those papers because we weren't going to send in his tax forms. Now, the loans are in default and on my credit reports (reporting all the loans combined on one bad TL and then each separate loan amount -- in other words making it look like I'm in DOUBLE the debt that I really am!)

Can anyone please help!!!

He doesn't even claim me on his taxes for that VERY reason...LOL

Which option would be best for me Rehab or Consolidation and why?

Student Loans listed on my CR

Direct Loans listed on 1 and that same debt listed as Dept of Ed on the other 2 - $36,394 - collection as of 10/2004(is Direct Loans and Dept of Ed the same company? is DOE the CA for Direct Loans?)

Then, all 3 reports have US Dept of Education 10 separate entries (for the same loan above w/ added interest I guess) - now totalling $37,406 -- could that previous listing be removed? It's like it's showing I'm in double the amount of debt that I actually am...this is like a duplicate entry isn't it?

Then, I have

Regions Bank $2,625
Regions Bank $2,625 that is now with
KY Higher Education $5,229 (this is the above 2 loans combined I guess, I'm assuming. But, the amount doesn't add up?)

and then only on EQ report has a University Perkins Loan Debt collection opened 6/1995 for $374 (last time they reported was 6/2003 and only on that 1 report)

for a grand total of approximately $43K.

Which is the best option - Rehab or Consolidation? and why? What approximately do you think my payments would be on something like this?

Also, if I did go with either Rehab or Consolidation, if I ended up not paying, would that reset the date for it to be reported ANOTHER 7 years at the time of delinquency on that or would they still go by date of FIRST delinquency?

Thanks!

IMHO, you need to consolidate. You have too many lenders. With the balance you are running, you are more than likely a candiate to be sued. You have to understand these are never going to go away. Your balance is going to continue to go up and the fees and penalties will continue to increase if you dont do anything about it. Are you looking for work???

The biggest problem with not being in repayment or in deferment status is that you are subject to wage garnishments. Should you have a natural disaster, your FEMA benefits are almost completely cut off.

To OP: your DH can claim you as a dependant and not woory about losing his refund to a student loan offset. In order to protect his refund, you simply need to file "Injured Spouse Form" when you file taxes. The processing of refund takes longer but you will get more back in refund if he is claiming you as dependant. You can also amend up to 3 years of back tax returns. Like you, I have no income. My DH files this form and his refund is not affected by any possible offset from debts I owe. The form allocates the income/tax credits/taxes withheld/etc between the 2 people. You can download the form from www.irs.gov