Hello,
I have a serious problem...I have several student loans in collections and one defaulted. The defaulted loan has been sent to a lawyers office. As probably with everyone, I am a former college student and because of some life issues/changes, I was not able to pay them once I finished school. I had a time of severe unemployment and definately couldn't pay. Now at the age of 28, I have a stable job and want to start fresh with life and rebuilding my credit. I have been fortunate to get a job with the federal government but was declined my interim security clearance because of the defaulted loans. I spoke with my investigator and explained my situation and advised her that I will start repaying soon. Hopefully this would help me to secure my job...if I get the final denial...I am out of a job again...same situation (unemployed and can't pay bills). It's so hard right now.
My question, how can I get the negative remarks off my credit because it is seriously hurting me in every way. I have heard about the rehabilitation program and will research more tonight but I would like more insight on this from the forum. I really don't owe a lot of student loans >$30K (not bad for over 7 years of school) but if I pay, can I see a change in my credit score? I want to purchase a home in about 2 years...would that be possible? Or is that going to hurt me for another 7 years? I am so confused...please help. Thanks for reading.
