Hello all,
I just recently graduated college in May 2020 and have a sticky situation on my hands.
I was applying for a job nearby and they ran a credit report on me, and I found out the hard way I had/have a few derogatory marks on my account. Many of them were medical debt, and four were student loans. I was able to pay off all the medical debt collections placed on my account and become current on three of four student loans, but there is one student loan that originally kept me from getting the job.
Side note: my dad said he would pay the minimum monthly payments on these while I was in school so I wouldn't have to work while I was in school because he said school should be my number one priority, but through this credit report I found out he had not paid a single one, with his parents as cosigners. I was a clueless teenager that had blind faith in his dad which has come to be the death of me.
I was told that as soon as I can get the last one off of my credit report, I will be good for hire. The one issue with this student loan is that the account was closed by the lender in January 2022 for roughly $46k, and my goal is to get it off of my credit report ASAP. I contacted the original lender, seeing if I could get it current and set up a payment plan and bring it current, get a settlement, or any number of options just to get the closed account settled/paid off/current, but to no avail. I was told I would have to pay the amount in full with the lender (which I cannot do with my current financial situation), or wait for a debt collector to purchase my debt so I can set up a payment plan with them. Considering it has been 4 months and no one has purchased my debt yet, I was wondering if there was any way to try to get this off of my credit report as quickly as possible, or if I am just screwed and have to wait for a collection agency to pick it up.
I had the idea to maybe take out a new loan to pay this closed account off in full, but by now my credit has been tanked so much I am not sure I would even be able to take out enough money to cover the loan, and if I did, I would be paying an ungodly interest rate on it.
Any and all help would be appreciated, just need this off my credit ASAP. I feel out of options to get this off in a timely manner, but need this job in order to continue to make monthly payments on these loans my dad pulled in my name. If you have any questions leave them down below and I'll do my best to answer.
Submitted April 13, 2022 at 01:23AM by dabomb2401 https://ift.tt/j1shlJ2
