As of today DH is about 4 months behind on a defaulted student loan held by American Student Assistance (ASA) with about $2700 left ....we have been struggling for a long long time because DH's child support was set so high....now DH has custody which frees up alot of money each month and we should be able to pay this loan in full in 6 weeks( we need some time to recover from moving expenses but most definitely will have the funds in 6 weeks).....since we are going to buying a house by year end...I'd like this little baddie GONE if at all possible, since it's just been a bad tradeline since before DH's divorce...has anyone had success with a PFD with ASA?

Is this a government-backed loan? I think that's what ASA has, although I don't know if they do anything else. If this is a government-backed loan, you won't get a PFD -- they have no incentive to do it. They can come after you forever to get the money (there's no SOL on government-backed student loans), they can take your tax returns, and they can garnish your wages without even going to court first. With other types of loans, your odds of that are better since there's a time limit for how long they can come after you for it and they have to go to court in order to get you to pay involuntarily, which is pretty expensive for them, so options that will get you to pay the money without them having to go through the hassle is a better bet. SLs just don't offer that option.

I'm a little confused, though (it's late, so bear with me!), by what your statement that your husband is "about four months late on a defaulted student loan." Is the loan actually defaulted (you have to be at least 270 days late for that to happen and 4 months isn't there yet)? Was he on a payment plan to take the previously defaulted loan out of default and that's what he's late on? Rehab may be possible, depending on the total amount and if it's actually in default, but that won't be done by year-end.

Hope this helps!

It had already been defaulted way before I met him and he is on a payment plan...$100 a month....we've brought it down from 7k 3 years ago....it just has lates here and there because child support takes priority over student loans..and the last 4 months have been horrendous money wise, but will completley change in the next month and even if he pays it in full it's bound to hurt him when he applies for a mortgage. Is there a way to correct the reporting? I think he's beyond a rehab at this point..and once I have the money to pay in full I want to pay it off....

Thanks again for any advice...

ASA was another client I handled. They will not do a PFD.