purpledaisy
Junior Member
What is the name of your state (only U.S. law)? Missouri
I have student loans of about $76,000 that have been in default for at least 6 years.
After reading about my options on the fed websites, I am ready to get into the rehab program, where they would work with me to determine an affordable payment amount and then I would make payments on time for 10 months to get out of default.
I've looked over the forms that need to be completed by me, and it's like applying for credit. They want all of my information.
I have successfully "fallen off the grid" with the information the credit bureaus have about me.
It is now 2015 and the last job they have listed for me is one that I left in 1998.
In all of these years, I have not applied for or received any credit cards or loans, so they had no information about me to add.
Here is what I want to know.
If I fill out the paperwork for the student loan rehab program and provide copies of my pay stub, will this information be reported to the credit bureaus?
I have 4 outstanding judgments for credit cards that had been sold to zombie debt people and I truly don't want them to discover where I work and garnish my pay over about $5,000 in old debts. And I can't just pay them off to get rid of them. I work for a non-profit in a city where pay is very low. And the degrees I got with my student loans of $76,000 are pretty much useless around here.
Also -- my actual student loans are $76,000 but each time a document is sent to me it says $118,000 because of interest. Is there a way to negotiate and get rid of this (or lower it)?
Thanks!
I have student loans of about $76,000 that have been in default for at least 6 years.
After reading about my options on the fed websites, I am ready to get into the rehab program, where they would work with me to determine an affordable payment amount and then I would make payments on time for 10 months to get out of default.
I've looked over the forms that need to be completed by me, and it's like applying for credit. They want all of my information.
I have successfully "fallen off the grid" with the information the credit bureaus have about me.
It is now 2015 and the last job they have listed for me is one that I left in 1998.
In all of these years, I have not applied for or received any credit cards or loans, so they had no information about me to add.
Here is what I want to know.
If I fill out the paperwork for the student loan rehab program and provide copies of my pay stub, will this information be reported to the credit bureaus?
I have 4 outstanding judgments for credit cards that had been sold to zombie debt people and I truly don't want them to discover where I work and garnish my pay over about $5,000 in old debts. And I can't just pay them off to get rid of them. I work for a non-profit in a city where pay is very low. And the degrees I got with my student loans of $76,000 are pretty much useless around here.
Also -- my actual student loans are $76,000 but each time a document is sent to me it says $118,000 because of interest. Is there a way to negotiate and get rid of this (or lower it)?
Thanks!