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Default Private Loan, both Guarantor / Guarantee reporting

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Anonymous
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Default Private Loan, both Guarantor / Guarantee reporting

I defaulted on a private loan for grad school;

 

I have since settled the loan after it was returned to the guarantor (Key Bank).  The settlement agreement is the the loan would be "settled; legally paid in full."   That's not in writing, however.

 

The issue is that the guarantor (AES) is showing the loan was "defaulted, claim filed with grantor."  I'm not really concerned with credit scores (mine is 700ish, but that's not an issue); I am more concerned with how it appears for employment / professional certification purposes.    Everythinig AES is reporting is true, but it makes it look like I have a defaulted loan still floating out there?  Anything that can be done?

 

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1 REPLY 1
juanaperez
Member

Re: Default Private Loan, both Guarantor / Guarantee reporting

I was wondering how you settle your loans? I also have key bank private student loan in default for 40k. Can I settle for 10k, Just wondering how u did it and i u can offer any advice.

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