mspink wrote:
I didnt have to rehab because I was enrolled full-time to school. The loans dont say as "default"
Loan history....
student loan started here;
EDFL SVCS/Bank of NY
status; claim filed with government/180 past due
creditors statement: student loan per assigned to govenment.
student loan went to;
ISAC:
status: paid,closed/collection account
student loan currently with;
UDOE
Open/Never Late.
It may not
SAY default, but if the loans went to collections, much less were claimed by and assigned to the government, that means you've defaulted on them.
You've defaulted on them. If you've not begun rehabbing them (making them current), you can expect to have your wages garnished, tax refunds offset, and possibly liens attached to your property (or your bank account).
Also, you won't be able to qualify for a mortgage ... or other credit.
Even if none of that has happened NOW or YET, it will. The US gov doesn't like to be cheated.
EDITED: Okay, perhaps I have it wrong ... somewhere along the lines, you DID default (otherwise, your loans wouldn't have been claimed or assigned to the gov for collections) ... but you're saying that you've paid them off, right???
Message Edited by Wonderin on
06-16-2008 01:49 PM
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Hubby's FICOs when we started: high 400s (June 2008)
Hubby's FICO NOW (04/06/09): TU: 679 EQ: 608 EX: ???
My FICOs: TU: 643, EQ: 606
Closed on new home: 1/20/2009 -- If we can do it, YOU can do it!!
