New Member
Posts: 1
Registered: ‎07-22-2007

Got a question

Right now I have a student loan that there is a class action lawsuit out about. I am also trying to purchase a house. Right now that student loan is past due over 180 days because we were all told by the lawyer that we should not be paying anything and it will be harder to get our money back later, than it will be to just have them erase the loan.
Not that it matters, but the reason for the lawsuit is because the school I was going to was owned by Career Education Corp, and they use some really messed up lending practices. Due to this, I didn't realize that I was getting a $6,000 student loan at 14% interest. This has now become an almost $8,000 student loan at 18.25% interest. I have credit cards that don't charge me that.
Any suggestions?
Established Contributor
Posts: 905
Registered: ‎05-09-2007

Re: Got a question

Roll it all up and smoke it with your lender... There may be a way to get around the FICO impact if there is an outstanding Lawsuit... Is it your only baddie?

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.