Jump to content

Private student loan collection


Recommended Posts

I have a private student loan that has been sent to collections.  I have auto pay set up and I plan to and have been paying until an unexpected death in my family happened and my income took a big dip.  My question is:  How do I get this loan off of my credit as a collection?  I want to buy a home next year and to have this huge collection sitting on my credit report is definitely not a good thing.


Should I try to settle the account?  Balance is around 26K, what would be a good amount to offer?  I think when I set up my payment arrangements they were willing to settle for 21K...uh, no. 


If there are companies out there that specialize in this type of thing is "refinancing" a possibility?  I'm sure most companies don't want to assume the risk, but I have been paying on time for the last 2 years with the exception of 3 payments.


Any help is greatly appreciated.

Link to comment
Share on other sites

  • 4 months later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.