Question about student loan

[Mellykca]

I am in the process of trying to rebuild my credit, but I am unsure what to do with my student loan. I do not owe a lot and I have recently received a letter about garnishing my taxes. Should I pay it, try to make a payment arrangements or just let them garnish my taxes? I guess I am not sure what my options are and what would be the best as far as my credit goes. 

Also, it shows up twice on my credit reports. Could somone tell me why? 

This is from my Experian report 

U S DEPT OF ED/GSL/ATL Potentially Negative Closed No Phone Provided More Account Details
Account Name	U S DEPT OF ED/GSL/ATL
Account #	1588XXXX
Account Type	Education Loan
Balance	$1,901.00
Date Opened	2/1/2011

US DEPT OF ED/GLELSI Potentially Negative Closed No Phone Provided More Account Details
Account Name	US DEPT OF ED/GLELSI
Account #	11579XXXX
Account Type	Education Loan
Balance
Date Opened	2/1/2011

[blitz]

If they are garnishing your taxes, that means you've defaulted. Default is death for your credit. I would suggest entering loan rehabilitation - make 9 voluntary (meaning NO GARNISHING OF WAGES) payments, your debt gets picked up by another lender by the 10th month (usually), and you're back in good standing with the default off your credit. 

[Mellykca]

Do I need to contact them and tell them I am doing this or just send them payments? 

[Nola_Bee]

I'd also like to hear an expert opinion on this.. my one student loan is reporting twice on my reports. At one point it was delinquent, but I have since paid it off.

[p-]

Student loans, while often grouped into one payment are usually multiple accounts if they have never undergone a consolidation.  See the different account numbers?  You have two loans, and when you make a payment some of the money goes to each.

As Blitz mentioned, you are likely in default.  This is not a good place to be... but luckily there is hope.  You need to go through the rehab process.  For more information, look at this: http://studentaid.ed.gov/repay-loans/default/get-out

[Mellykca]

Just to make sure I understand.... I contact the agency that is handling the loan and we will set up payments for me to begin repaying on? Will is show on my credit report that I am making payments on the loan again?  Also, is it better to make the payments or should I just pay it in full? (Sorry for all the questions!) 

[Whitneyy]

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@blitz wrote:

If they are garnishing your taxes, that means you've defaulted. Default is death for your credit. I would suggest entering loan rehabilitation - make 9 voluntary (meaning NO GARNISHING OF WAGES) payments, your debt gets picked up by another lender by the 10th month (usually), and you're back in good standing with the default off your credit. 

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this is what I did, and what worked for me. now my student loan shows in good standing, and another lender picked me up and i'm paying that monthly on time and i'm good.

[Mellykca]

So is it better to make the monthy payments than to pay it off?

[IamB2]

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@Mellykca wrote:

So is it better to make the monthy payments than to pay it off?

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Yes because if you pay them off, and they have already defaulted, and from them garnishing your taxes they are in default, it will show up as paid delinquency. That will remain on your record for 7 years Despite them being paid in full. The delinquency will remain there.