Hello everyone,

At the end of August I got a notice demanding payment for my Perkins Loan or it would go into collection. Being out of a jobs ince college (money well spent there) made it impossible to make payments, even though they loan itself isn't very big. I tried to contact them twice by phone, but I couldn't figure out how to get a hold of a real person. Long story short I got a default notice. This really stinks because I got the notice just as I was about to start a job I was finally able to get. Now it's been about a month and a half. I will have the money to pay the loan off in full by next week, and I'm not sure what to do.

Basically, I want to pay it off and get it done , over with, and out of my life. My biggest concern is the default mark or whatever and its negative effect on my credit score for 7 years. Is there any way to get that removed? If I can actually get a hold of them by phone would it be possible that they might be able to work that out? I really don't want ruined credit.

Thanks in advance.

b4 paying first contact your school and see if they will rehab the loan. this typically consists of an agt. to make on time payments for 9-12 mos. in exchange they'll remove the negative information that is reporting.

the goal is to fully repay and kiss goodbye -yes, but how you do it can make the difference between an unblemished TL and a neg TL reporting for the entire permissible period of 7 years.