How do I figure out on CR if private loan has defaulted?

[Anonymous]

So I've finally reached a financially stable point where I can begin to attempt to rebuild my credit, pay off my debt little by little & pay-off my student loans.

Currently I'm working on consolidating my Federal Loans.
I just paid off a private SM loan that was with a CA via a settlement amount.

There is one more pending SM private loan that I'm looking to pay off (hopefully in full) completely by the end of this coming January.

However, I'm trying to figure out via my CR if this particular private SL has gone to collections (as I'm praying it has not gone into collections, where I run the risk of having all that interest & fees tacked on).

I've been reading on these boards & tried to get a bit of info.
Can private SL's be rehabbed? If so, what's the process?

On my CR, the remaining private SL shows as follow:

Sallie Mae - Account Number: XXXXXXXXXXXXXXXXXXXXXXXX
Status: Open/Past Dues 180 days. $XXX past due as of Aug 2008.
Status Details: As of July 2014, this account is scheduled to go to a positive status.
Date opened: 04/2004
Reported since: 04/2004
Date of status: 01/2008
Last reported: 08/2008
Account History:
180 days as of Jan 2008 to Aug 2008
150 days as of Dec 2007
120 days as of Nov 2007
90 days as of Oct 2007

Any help is greatly appreciated. Thanks!

Message Edited by superchica111 on 09-30-2008 09:17 PM

Message Edited by superchica111 on 09-30-2008 09:19 PM

[Anonymous]

A year of lates-  You are in default

IS it in the hands of a CA? Imposible to tell from the credit report.

I don't think you should wait any longer to deal with this- but it is your call.

[Anonymous]

Timothy hit it spot on ... but to add on a teeny bit, private loans are NOT (as a rule) rehab-able. You will always be "behind" until it' completely paid off.

I really suggest that you do as Timothy says and call them! Get the "final" numbers on what you owe and get a payment plan in action -- it won't bring the account current (again, since until they're paid off, the loan will always be in default), but it might prevent them from suing you! If you can pay it in one lump sum all the better.

Best of luck to you!! Keep us posted!!

[Anonymous]

I *think* it's with a CA. I'll definitely be calling Sallie Mae to see if they can give me any type of info as to where they sent it off to.

Let the dealing the CA's, Pt. 2, begin.

I'm slowly but surely taking care of business...there's only a good times after these bumps in the road.

Thanks everyone.