Student Loans in default turned over to the government

[Anonymous]

Hello,

My goal this year is to start paying off my federal student loans.  I have viewed my credit reports and have multiple tradelines.  I have seen a lot of reference on the threads that people are "rehabbing" the student loans.  How do I go about this?  The tradelines are from Dept of Ed, Sallie Mae and USA funds.  I did file a Ch 13 bankrupcy 1 year ago and my attorney told me that they are "at bay" for 5 years but I am wanting to proactively start working on this.  I am also with Lexington Law so they are really helping out to get them reporting correctly instead of 120+day late tradeline reporting.  Even if it's a minimum payment that comes directly from my paycheck I have this burden on me and want to start working on it....

 Thank you for your help and advice!!

Christine

[Anonymous]

You will have to contact the lenders to find out who is currently servicing your loans then you can set up rehab. I only dealt with Dept of Ed so I am only familiar with dealing with one company for rehab. Maybe someone else who has had more than one provider can answer the rest for you because I am not sure if you would have to rehab each company separately or not. 

[tfkallday]

Go onto the government loan website and print out that info. Find out who the lender is. Contact the lender and tell them you want to rehab . They will send supporting documentation and you will agree on a payment. Make 9 payments over 9 months and your debts will be resold. Mine were direct loans and were sold to nelnet. The 7 tradelines which were all late and defaulted turned into my oldest accounts with perfect payment history. It was amazing!