Repairing Your Credit After a Student Loan Default

The Federal Government defines a student loan default as one that occurs when the debtor has defaulted (failed to pay) a monthly installment loan for at least 270 days. Defaulting on a student loan can have more severe consequences than failing to pay other types of debt such as a credit card or medical bill.

In cases of student loan default, you may suffer, among other things, the following: (1) wage garnishment; (2) state or federal payment offset; (3) collection fees, interest, and other costs; (4) collection via private collection agencies; (5) bad credit rating due to the loan default and collection entries on your credit report.

Having a student loan default on your record can severely damage your credit history. Often a defaulted student loan results in multiple negative entries - the original default plus subsequent collection agency listings.

However, simply because a negative items on your credit report does not mean that you cannot delete them. You still have options to repair your credit by removing negative, inaccurate, or unverifiable items.

A Credit Restoration Law Firm Fixed my Credit History

I went through a rough patch with my finances last year and ended up with a terrible credit rating. To make a long story short, I had multiple bad credit items on my record including chargeoffs, repossession, a student loan default, and collection agencies.


I learned that I could accelerate the credit repair process and raise my credit score. I learned about the Lexington Law Firm, a professional credit repair law firm and decided to give them a try. Once I signed up, Lexington Law immediately started disputing the negative entries.

The attorneys have been practicing in the area of credit report repair for years and are really great at knowing how to effectively repair credit. They deleted my bad credit including all the charge offs and collections.

Here are Just Some of the Letters I Received Showing Deletions:



Five Collection Agency Entries Deleted!





Legal Judgment and 2 Charge Offs Deleted!

 

How My Credit Score was Repaired

Once Lexington Law eliminated these negative entries, my credit score climbed all the way up to 729, which is considered a top rating! I no longer have to feel intimidated when I apply for new credit such as a car loan or home mortgage!

Here is a chart showing the credit score progress:



Credit Score Chart

I recommend the Lexington Law Firm to anyone struggling with a defaulted student loan or other types of bad credit. Lexington Law has deleted all kinds of type credit items including bankruptcy, judgments, collections, charge offs, and more.

Have Lexington Law Fix Your Credit Today!