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Navient reports charge off monthly?

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I unfortunately have SEVERAL private loans with Navient that have charged off.  Not only does Navient report the charge offs (4) every month, now the collection angencies that they have sold the debt to are reporting.  I went from a 610 to a 460's on all three bureaus.  

 

1.  Can they do this?

2.  Has anyone ever negotiated a successful pay for deletion?

3.  Should I dispute with the CA or Navient?  Or what is the best strategy to use here.

 

I have over 300K in student loans (rest are Federal) but Navient would never negotiate payments that worked for me, I tried.  I'm getting letters from the CA's that I can pay off the loans at 70% off (still tens of thousands) but would that help my credit?  I read not to pay collections sometimes?

 

Thanks in advance!

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smartly:  thank you for referring folks AWAY from our site.   Wouldn't it have been better to ask if it was ok do that prior to posting an outbound referral.?

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9 minutes ago, MarvBear said:

smartly:  thank you for referring folks AWAY from our site.   Wouldn't it have been better to ask if it was ok do that prior to posting an outbound referral.?

I'm sorry! Point taken. 

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As to the reporting, absolutely they can update on a monthly basis until the account either ages off OR something changes that modifies the status of the account as having been charged off.

 

The rehabilitation process can serve to remove reporting of older accounts.  Rehabilitation is, to the best of my knowledge, a one-time-only thing.  The ombudsman should be able to assist in setting it up.  Once rehabbed successfully, THEN it becomes time to look at consolidating with another lender to get a better APR

 

The loans are not simply going to go away unless this is a matter that predated the revisions to the bankruptcy statutes several decades ago...

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