How to get loans data system out of default ? I'm lost
I just found out that I have 63000 in loans and that they are in
default. I would like to get them out of default so that I can continue
my academic education, but I have no idea where to begin. I've been to
two different colleges, and each one is apparently unwilling or unable
to tell me what I need to do to get my loans out of default. they
didnt tell me when i got the loans that my loans would be held by 15
different random banks either -- they told me the government was
loaning the money; i have no idea who i owe money to!! how can i pay?
I have looked at my credit report, and seen some loans listed there --
I see 15 or 16 different creditors listed there, and I owe all around
$4,000. I imagine they pertain to my student loans, but there is no
indication of it anywhere, and the credit bureau (equifax) cannot be
contacted. Even if it is student loan creditors, I have no idea if the
list is complete. Is there a way to get a complete list, so that my
efforts to get out of default aren't in vain?
I intend to finish my undergraduate degree, go to graduate school, and
eventually repay my loans, if i can ever figure out who i owe them
to....? does anyone have any advice at all -- i have been turned away
from student loan offices on campus, banks, law offices, the
department of ed's 800 number -- nobody knows what to do to get my
loans out of default, and I think they piling up interest...can anyone
please help?
You had $63,000(??) in loans you didn't know
about, now you somehow know about them but nobody can tell you what they
are or who is holding them? So how did you learn about them? Your
colleges know what loans you took, prospective lenders will know of
defaults from the credit reports.
If you're not pulling our legs, here's a way you may be able to find out.
Go to www.fafsa.ed.gov and click on the link in the upper left to go to
the PIN website. Register for a PIN to be sent you by email or snail mail.
Once you have it, go to http://www.nslds.ed.gov/ It's the National
Student Loan Data System. Click on financial aid review, use your PIN
and other info to sign in, and your entire loan history and lenders may
be there for your review. I don't know how far back they go, so if your
loans are really old they may not show.
Then how do you get them out of default? You contact the lenders and
arrange payments.