Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Student Loans
Profile Image

Question By
5sto7shelpplease

0 Contributions
0 People Helped
Charged off student loan owned by Pioneer?
I spent my late teens and most of my 20's being completely irresponsible. I dropped out of college and let a student loan go into default. At one point I tried doing a rehabilitation plan, then lost my job and let it go bad (stupid) and it went back into default. My tax refund has been garnished every year to pay it down. the debt is now owned by Pioneer.
The past few years have been eye-opening, and I have really taken charge of my life and increased my credit score by 175 points! The one thing I've been leery about is how to handle this charged off student loan balance. Thanks to my last several years of tax refunds being intercepted, I'm down to only owing $450, which I'm more than happy to take care of as it's the last piece of my past that's still hitting my report.
I hear a lot about how Pioneer is super shady, and a lot of their tactics feel as if I'm not being 100% informed about what is in my best interests. Should I just call in and make the payment to them? Am I putting myself at any risk?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
9 Contributions
0 People Helped

Absolutely Contact Them

You absolutely want to contact them and make that final payment so you can be assured you are paying no less but no more than whatever balance is due and then having them confirm that a satisfaction of judgment will be promptly filed so your 2016 tax refund won't be intercepted. Otherwise what's to prevent this "shady" company from asserting they are entitled to your entire refund?

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.