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Posted in Student Loans
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Question By
NTisdale92

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Can you pay to remove negative items from your credit report?
Is it possible to pay a company to remove the negative items from your report or would I have to write a letter in order to get student loans off of my credit?

This is really unfair and wrong how student loans can affect us college grads when we're just in our f*cking 20s. Excuse the language but I need an answer as to whether or not it's even ethical for student loans to be reported to the credit bureau.

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I'll take the ethical part of the question.  Yes, it is ethical.   You borrowed money.  Thats a loan.  Loans should be repaid and reported.  Would it be ethical for them not to be reported.   So, someone goes out and borrows 50-100,000.  It doesn't get reported and you go out and get a bunch of credit cards as you don't owe any money and get $20,000 line of credit.   All of a sudden, you get your wages attached for the unreported loan and you can't pay the credit cards.  Is it ethical for you to have withheld that information from the credit card company and now they can't get paid.  Its not the student loan that is your problem, that can actually help your credit score.  Its how you pay it off that is your problem.   There are items you can do that can actually have the studen loan forgiven, 100% and hardly pay a dime on them. 

Reply by
GingerSnappie

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How do you get a student loadn forgiven?

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student loans

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What is the best consolidation company for student loans to combine all of them and lower your payments

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student loans

yes,a student loan started at I will say 2000 back in 2003  now its over 10000 does that sound right?  they took my taxes this yr.  I quit beauty school so I dont know how they even got that money without me signing for it but I had to leave state because of a death in the family, now Im screwed for life.  I will never have this payed off

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GingerSnappie

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Yep, interest is killer on them if you default. You can make a deal with them, but if your payment is lower than the interest you'll never get it payed. Thats what happened to my ex- his interest was a hundred and he was paying a hundred, he never payed down the balence on it. once he realized he added more but it still was too small an amount and it took him 20 years.

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Student loan question

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Not only is it ethical, it is legal. The student loan information is a federal issue and it is the hardest issue to rectify. Unfortunately, you must not have read your contracts with FASFA when you took them. They have this locked down and if you pay it you'll have great credit, but if you default your F---ed.  It has to be paid. Otherwise it will follow you forever. I know this from 20 years of dealing with them,(husband, kid's etc.) fortunately I am on good terms thus far, however, when I finish school if I don't get a job I'll be up the creek without a paddle. 

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Student loans will appear on your credit reports until such time as they are paid off, no matter hoiw long that takes.  They ARE loans, for heaven's sake!  And loans have to be repaid. Read the articles on this site so you can understand how credit works because YOU sound clueless on the topic. And your life education only ends the day you die.

Reply by
fcollectors

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No need to be rude.

Reply by
janzacap

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sarcasm doesnt help anyone at all, guess I was clueless to think there would be someone who knew how to help or at least be decent.   what comes around goes around, so when u hit that stream of bad luck n ask why me, u should remember how it is you treat people.  I suggest to all you out there dont bother sending a text, you will feel worse off . go to a proper , respectable site.

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