I have several Federal Loans, all in good standing and one private loan, that was sold to collection.
One Remark says a claim was filed with the government last year then a few months later it is in collection.
What started off as a 19K loan is now 30K.
Any advice on how to proceed with this account is greatly appreciated.
The late payment history and the collection are both hurting my credit.
-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700Take the FICO Fitness Challenge