https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602402#M488668 <P>Did it hit her report yet?</P> Fri, 20 May 2016 00:37:06 GMT RonM21 2016-05-20T00:37:06Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602400#M488667 She just received a letter today ...from .....state saying she owes 5000 grand on a old school loan she defaulted on...she said it was a government loan...so no statue of limitations...should she borrow the money and request a written letter for pfd? Or what would you do... Fri, 20 May 2016 00:27:09 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602400#M488667 Anonymous 2016-05-20T00:27:09Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602402#M488668 <P>Did it hit her report yet?</P> Fri, 20 May 2016 00:37:06 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602402#M488668 RonM21 2016-05-20T00:37:06Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602405#M488670 <P>Borrowing from Peter to pay Paul may not be the best route.</P><P>She may be able to negotiate a no-interest repayment plan with&nbsp;the creditor.</P><P>Can she reasonably afford to enter into a repayment agreement?</P> Fri, 20 May 2016 00:31:47 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602405#M488670 RobertEG 2016-05-20T00:31:47Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602427#M488672 I agree. When first reading, I thought borrowing would not be the best answer. The payment plan suggestion would be a better route, especially if they work with you to keep from reporting it. Fri, 20 May 2016 00:39:44 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602427#M488672 RonM21 2016-05-20T00:39:44Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602670#M488691 Ok thanks I'll pass it along ...just thought maybe taking a new loan out would keep her from getting a derogatory Fri, 20 May 2016 02:30:04 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4602670#M488691 Anonymous 2016-05-20T02:30:04Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4603510#M488804 <P>If she hasn't tried rehab on the loan yet, I would give that a try too. She can request it once the loan(s) have been defaulted. I would start by checking out the Student Loans section of the fico forums for info on the benefits &amp; process of student loan rehabilitation.</P> Fri, 20 May 2016 18:59:33 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Help-for-my-gf/m-p/4603510#M488804 Anonymous 2016-05-20T18:59:33Z