badcreditsucks Posted September 17, 2015 Report Share Posted September 17, 2015 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. Quote Link to comment Share on other sites More sharing options...
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