Shay asked:


I had a debt on my credit report then I paid it now what will happen to my credit? Will it show as good credit or bad? My parents say that it will stay on my credit repoert regradless for seven years. The reason i’m wondering is that I need to take out a student loan to pay off my tution debt. Will they look at my actual credit report when they make their descision to give me it or not or, will they just look at the credit score?
The first year I did take out a loan. I just want to know if I will get approve again or, should I not even bother. Denial is stressful.

Credit Card Loan Consolidation

kburgess1984 asked:


okay so i had about 6 credit cards, all went to collection agencies. i finally got around to paying them, got current with them (out of collection), and finally got the whole amount paid. i have 2 remaining. plus a student loan. should i consolidate or is that not a good idea? these creditors tell me not to. i am 21 years old and am trying my best to get these paid off with my budget plus rent and other bills each month. what are the good and bad sides of debt consolidation? i consolidated my 2 loans i had and they became one. what im considering consolidating is my 2 credit cards i have remaining. also my credit report still shows im delinquent on my other credit cards i paid off. some have been more than 60 days, some less. anything i can or should do about that? is my credit being ruined or helping it at all by the ones i did manage to pay off?

Consolidate School Loans

Vanessa asked:


There is only one bad thing in my credit report and that is one student loan that is in default. I took this student loan over 6 years ago. It has been hunting me every since I drop out of College. I have made efforts to pay it, but I have been unemployed for a year now. The last payment I made was a year ago and I just received a letter saying that it is still in default status. I called the collection agency and told them my situation. I am unemployed, currently staying at home with my kid while I take classes online to get my degree. I told her we do not have the money to pay the balance. She wasn’t very helpful. I even told her that I want to make the effort to make payments, but I need a job and I can’t find one at the moment. I told her I will start making payments as soon as I start working.
Anyway, I was wondering if it’s possible to make a debt consolidation with my loan and my husband’s student loan. His student loan is also in default.
Any good info will be appreciated.

Private School Loan Consolidation

Lexi EB asked:


My grandfather co-signed a private student loan for me. Now that I am done with school, I am the one paying off the loan but since my grandfather co-signed it shows up on his credit report and not mine. Is there anyway for me to get this added to my credit history? Or is there something else I can do for the future, if necessary, to show that I have actually been making the payments and not my grandfather. Thanks!

Credit Card Consolidation Help

taragal asked:


I had defaulted on a student loan but re-payed it more than 10 years ago. On my credit report the loan shows as being opened 8/03 and closed 1/06 and originally reported as of 1/06. It wouldn’t allow me to dispute it because it’s been paid in full. How can the dept of ed report false dates and how can I get this corrected? Thanks!

Private Student Loan Consolidation

ckfeeney@sbcglobal.net asked:


and there was an entry from a student loan consolidation company called Nelnet that I have NEVER done business with. I opened the first letter they sent me and after my husband and I figured out what they are, we shredded the letter.

How in the world can a company I’ve never contacted have an entry on my credit report?

Mortgage Debt Consolidation

tine105 asked:


I just recently pulled my credit report and have some charge off’s that I would really like to pay off in order to increase my credit score. I am very concerned with companies that try to scam you and you end up paying more in the end. I got myself into some trouble in college with opening up accounts and of course, not being able to pay them off. Now that I am in the working world I am looking for a good, reputable company to go with so that I can take care of some of the debt that I have as well as increase my credit score so that I am able to get better interest rates. Any suggestions would be greatly appreciated. I have spoken with creditsolutions.com and I am a little apprehensive because I am not sure if they are reputable and don’t want to sign on the dotted line yet without knowing the good ones from the bad.

Consolidating Student Loans