him8nc Posted August 13, 2015 Report Share Posted August 13, 2015 I'm in 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! Quote Link to comment Share on other sites More sharing options...
shellieh98 Posted August 15, 2015 Report Share Posted August 15, 2015 Are your student loans federally backed loans, or non government private student loan lenders? Quote Link to comment Share on other sites More sharing options...
him8nc Posted August 15, 2015 Author Report Share Posted August 15, 2015 They're federal and already consolidated. Defaulted for quite a while. Simply did not make enough money to cover the most basic of bills AND make payments, so I've hidden out. Didn't need to apply for credit at all for many years, so that's how I've kept jobs and income information off my credit report. I'm thinking I may need to take several months to pay off four default judgments against me and THEN apply for student loan rehab to get out of default. That way, when I report my current employer/income information, I won't have those four default judgment people coming after me to garnish my pay. Now that I work for a non-profit, I need to get the defaulted loan out of rehab and then join the new program that will forgive my student loan after 10 years of payments. Quote Link to comment Share on other sites More sharing options...
studentloanhelp Posted October 23, 2015 Report Share Posted October 23, 2015 Whats the name of the lender now that your loans have been consolidated? Quote Link to comment Share on other sites More sharing options...
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