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Delbudge

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Charge Off Private Student Loan - What's the best way to start getting on track. Can you negotiate?
I owe about 24K and am in a situation where I would like to start making payments. Is it better to try and pool everything I have in the next year to pay it off, or will just beginning to make payments and stay on track be enough to raise my scores substantially? Ideally we would like to purchase a home in 2-3 years. Any and all input greatly appreciated. Thank you in advanced.

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Making payments on the charged off account is NOT going to raise your credit score (it may even decrease scores if the account has not updated for a while), payments on charged off accounts are not counted as on time payments. You really need to do some serious reading on this topic before you do anything. Some key things for you to learn about "statute of limitations to be sued for debt" "credit reporting time period of 7 years" "paying old debt" etc.

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