Ok, so I have a student loan in my name that my mom was paying. Well for some reason, she didnt pay for awhile, so now its showing up on my CR as 120 days late. Well when I got the letter I let my mom know and she set up to have it come direct deposit out of her bank account. So then I got a letter in the mail saying this:
"This letter, and the attached Renegotiated Payment Agreement, are in response to your request for a payment plan on your defaulted education loan. The form must be signed and returned as soon as possible in order to remove the default status from your account."
Now, heres my question, what exactly does that mean? Does it mean, itll take the lates off of my report or what?
Again thanks for all of the advice you all are great!
Starting Score: 567 b>