My husband was in default on student loans, but we have been paying since last March/April on time so I called today to see about getting them out of default status. The lady said that he will have a letter going out either today or tomorrow that just needs signed and returned. As long as it is returned by the due date they will show them all as current (this is all through the NC education authority, if that matters). Right now it show 7 collection accounts for the student loans, and I'm not entirely sure what to expect. Will it wipe out all the negatives? Will it show current now but still show a bunch of old lates? I wonder how long it'll take to hit the credit report.
