Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 65
Registered: ‎09-01-2012
0

Private and federal loan charged off and in collections

I have a few student loans and they are both in collections. The original loans were charge off to other companies that were charged off again. Now I want to begin a rehabilitation with my loans but do I contact my original loan , or the last company who is handling it. How do I get these negatives off my credit report, thanks for your help Smiley Wink
Community Leader
Senior Contributor
Posts: 4,336
Registered: ‎09-06-2008
0

Re: Private and federal loan charged off and in collections

Welcome to the forums!

 

I would start by checking out the Student Loans forum, & seeing how other people got started.  They may have the same companies that you owe money to, which would be even more helpful to you!  Smiley Happy

 

I don't know how rehab works, but I would just start by contacting my original lender, & seeing what they say.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Private and federal loan charged off and in collections

Zapped to Student Loans

Established Member
Posts: 65
Registered: ‎09-01-2012
0

Re: Private and federal loan charged off and in collections

Thanks !
Regular Contributor
Posts: 171
Registered: ‎06-15-2012
0

Re: Private and federal loan charged off and in collections

For the federal loan, I would check the National Student Loan Database. That'll tell you which agency is handing the defaulted loan now.

 

For the private loan, that could be trickier. I don't have any private loans, but there I'd probably start with the original lender.



Established Member
Posts: 65
Registered: ‎09-01-2012
0

Re: Private and federal loan charged off and in collections

Ok I will contact my citi bank original private loan , thanks. Once I contact them n make arrangements would would happen to the ca for it which is nyshe then transfered another company ?
Highlighted
Community Leader
Senior Contributor
Posts: 4,336
Registered: ‎09-06-2008
0

Re: Private and federal loan charged off and in collections


Ashleyma23 wrote:
Ok I will contact my citi bank original private loan , thanks. Once I contact them n make arrangements would would happen to the ca for it which is nyshe then transfered another company ?

First, see if they are WILLING to make arrangements with you.  They may just tell you that you're stuck working with the CA.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.