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Hi,
I know this may sound crazy, but I only have 1 student loan and that 1 is a pain in the butt. I began working on my credit a year ago and I don't know which is worse between my student loan and the car repo. Because of not taking my repayment serious, this 1 student loan has been transferred to 2 different companies (collection agencies) outside of the originator.
If someone cares to look this is the information based off my Equifax report.
The original loan was with Kentucky Higher Education Student Loan in 2001. The loan amount was $3,500.
Weird but the payment status is listed as "Pays account as agreed"
The balance is listed as $0
From what I understand, due to non repayment, my loan was given to Nelnet for collection.
The payment status for that is listed as "At least 120 day or more than 4 payments past due."
The balance is listed as $0
Then finally comes Kentucky Higher Education Assistant Authority
This one had almost hit wage garnishment but I called and now I'm paying $147 per month and have been doing that for about 2 years now.
I have it set up on automatic bank draft.
After paying all the fees the balance is listed as $4,039.
The payment status is listed as "collection account"
I was told that I could not do rehabilitation ever again because I have already done that once. It was a few years back.
Is it possbible to do a consolidation? If so, how would that benifit me in my situation as far a credit repair?
Awesome! Thank you so very much