cancel
Showing results for 
Search instead for 
Did you mean: 

Private Loan in Collection

tag
jordanmedical
Established Contributor

Private Loan in Collection

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: 700

Take the FICO Fitness Challenge

Message 1 of 1
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.