BUMP Update I just got off the phone with the CA who has my student loan account and they stated since my balance is so low, I cant do the rehab program because it has to be 9 consecutive months of payments and I wont be able to make any payments with the loan being paid off soon. I asked her what would be my next available option because I dont want my credit report to say paid involuntary. She stated I can either pay the balance in full with them over the phone now and my credit report will say paid in full or I can settle with them for 3 months of a settlement amount but my check will still be garnished while I am paying the settlement amount over 3 months and my credit report will say paid settled. Obviously paid in full on my credit looks better than the other 2 options. I just dont have all the money right now to pay it in full. What do you think I should do? Agree to settlement which I can pay while my check is still being garnished but it wont be for much longer since the loan amount is so low. Then once everything is paid off, write or call to DOE to have them changed the paid settled on my credit report to said paid in full? Is that even an option? Please help someone.
