Ok, I am really bad, have not paid on my SL for a long time. The last 2 years they have garnished our tax returns, which is fine, I only owe about 6 or 7K, but it is an amount that i have not been able to pay back even with a payment plan, yet.
Anyway, on my CR, it says that they are IIB. Date closed 10/2006.
I am confused. They were turned over to OSI and I know my attorney listed these in the Bk filing, but I didn't think they were dischargeable or only were in certain circumstances.
Can anyone tell me what this means? Could I really be in luck that they were DC?
If not, then at some point after the first of the year, I would like to work on getting them out of the DEFAULT status. (although, it's not reporting DEFAULT on my CR) I would like to get them into a positive status
Thanks.
Full Version: CR and Student Loans after DC of CH7
QUOTE(cfj503 @ Nov 20 2006, 12:09 AM) 
Ok, I am really bad, have not paid on my SL for a long time. The last 2 years they have garnished our tax returns, which is fine, I only owe about 6 or 7K, but it is an amount that i have not been able to pay back even with a payment plan, yet.
Anyway, on my CR, it says that they are IIB. Date closed 10/2006.
I am confused. They were turned over to OSI and I know my attorney listed these in the Bk filing, but I didn't think they were dischargeable or only were in certain circumstances.
Can anyone tell me what this means? Could I really be in luck that they were DC?
No such luck, unless you had an hardship hearing. Student loans are generally locked down during BK. More than likely if they were with OSI prior to the BK, it was closed by them or even the guarantor and returned to wait out the stay.
If not, then at some point after the first of the year, I would like to work on getting them out of the DEFAULT status. (although, it's not reporting DEFAULT on my CR) I would like to get them into a positive status
I have to assume this is a FFELP loan cause I know OSI no longer handles DOE accounts. If you have been in default more than 7 years, I would highly recommend not waiting to do something on these accounts. You do not want this account being subrogated by the Feds, as this would just cost you more .
Thanks.
Anyway, on my CR, it says that they are IIB. Date closed 10/2006.
I am confused. They were turned over to OSI and I know my attorney listed these in the Bk filing, but I didn't think they were dischargeable or only were in certain circumstances.
Can anyone tell me what this means? Could I really be in luck that they were DC?
No such luck, unless you had an hardship hearing. Student loans are generally locked down during BK. More than likely if they were with OSI prior to the BK, it was closed by them or even the guarantor and returned to wait out the stay.
If not, then at some point after the first of the year, I would like to work on getting them out of the DEFAULT status. (although, it's not reporting DEFAULT on my CR) I would like to get them into a positive status
I have to assume this is a FFELP loan cause I know OSI no longer handles DOE accounts. If you have been in default more than 7 years, I would highly recommend not waiting to do something on these accounts. You do not want this account being subrogated by the Feds, as this would just cost you more .
Thanks.
I don't think they have been in default for more than 7 years. I didn't get out of school until 98 or 99. I had started to pay them back for a while I think and then stopped.
What steps do you think I should take now?
I went to the website to find who had my loans and they couldn't tell me. Also, on part of my CR it shows MOHELA as being the orignal owner I guess and then it shows this ECMC people and they are the ones that are showing that the accts were IIB.
Thanks for the help.
What steps do you think I should take now?
I went to the website to find who had my loans and they couldn't tell me. Also, on part of my CR it shows MOHELA as being the orignal owner I guess and then it shows this ECMC people and they are the ones that are showing that the accts were IIB.
Thanks for the help.
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