A Little History

Before 1991 the U.S. Department of Education could collect delinquent student loans for only six years. But in 1991 an amendment to the Higher U.S. Department of Education Act lifted the time limits for collection. And the amendment was retroactive; student loans that were past the statute of limitation for collection prior to the amendment became collectable again. And to further reinforce the longevity of student loan debt, a 1998 change in federal law made it virtually impossible to discharge student loan debt in a bankruptcy.

Take Action Now

There are 2 excellent credit repair solutions which can resolve your student loan problems. Both of these options can stop collection activity, reduce your interest rate and payment, and restore your ability to borrow more money (in case you want to go back to school). There are no credit or income qualification requirements. Everyone gets the same low interest rate. These two options are consolidation and rehabilitation. Both are a good fit with any credit repair process.

Need Help?

If you are in our credit repair program we will help you understand your rights and provide you with the guidance you need to get the resolution process underway.