How can I fix my credit score?
About 9 years ago I got 4 student loans through College Foundation. I didn’t pay them. They went into default. Then they were went or sold or whatever to the State Education Help Authority. Last year I chose to do something about these loans – I chose to consolidate them. So I made the payments to the State Education Help authority required until the consolidation was complete. So now I’m eligible for financial aid again and everything – the problem is back from the College Foundation and State Education Help days – they are listed as negative items on my credit. So I have 8 negative loan accounts on my credit that I can’t do anything about! It’s been over 7 years! I How can I raise my credit???It will be seven years from the time you made your last payment before the entries will fall off your credit report.. that is the price you pay for not paying off student loans on time. They absolutely don’t go away… so sorry. Get a secured credit card and use that to rebuilt your shattered credit file around the ruins of the ancient student loans. It can be done… but will take a couple of years. Once you graduate to a real credit card the process speeds up. In the mean time save up as much money as you can… Having assets in the bank is one huge plus when your credit rating isn’t the “best” out there.
You are further along than most people as you have already cleared off the outstanding issues. Have you pulled your credit bureau? if not than that is a excellent place to start, just to be sure what is reporting and how. Next you start the rebuilding process. I do not know what kind of resources you have and that could speed things up. For now I will assume you have very small. First thing is to get that secured card, not prepaid! This may take some time to come up with the $ 500 minimum. If you can afford more than fantastic, 2k works better! Use that card for about 9 -12 months. keep the balance less than 75% of the limit and double up those minimum payments. Apply for a department store card and use it the same way for another few months. You should now qualify for a regular unsecured card. If you are Canadian apply for a secured RRSP loan. I am sure there is an American version 401k loan??
Sorry, but school loans work differently than other credit items. These will stay with you until you pay them off. You cannot claim them in bankruptcy or wipe them off your report.
Only way to raise your credit is to re establish credit by getting a secured credit card IF your score is high enough to even qualify for one.
You should have NEVER ignored these student loans 
what do you make of this email i just recieved?????
Dear Friend, I am writing this letter in confidence believing that if it is the wish of Allah for you to help me and my family, Allah will bless and reward you abundantly and you would never regret this.My family and I are right moslems and worship Allah truthfully. I got your contact during my search for this help. I am a female student from University Burkina Faso, Ouaga. I am 23yrs ancient. I’d like any person who can be caring, loving and home oriented.I will like to have a long-term link with you and to know more about you. I want to build up a solid foundation with you in time coming if you can be able to help me in this transaction. Well,my father died last year and left I and my junior brother behind. He was a king, which our town citizens titled him over sixteen years before his death. I was a princess to him and I am the only person who can take care of his wealth now because my junior brother is still young and my mother is not literate enough to know all my father’s wealth. He left the sum of USD 7.5M (Seven Million, Five Hundred Thousand USDollars)in a Vault House.This money was annually paid to my late father from gold mining development company(spdc)and chevronoil company operating in our locality for the compensation of youth and community development in our rule. I don’t know how and what I will do to invest this money somewhere in abroad, so that my father’s kindred will not take over what belongs to my father and our family, which they were plotting to do without my consent because I am a female as stated by our culture in the town. Now,I urgently need your humble help to go this money from the security company to your bank account, That is why I felt pleased when I saw your contact because I strongly believe that by the grace of Allah, you will help me invest this money wisely. I am ready to pay 30% of the total amount to you if you help us in this transaction and another 10% interest of Annual After Income to you, for handling this transaction for us,which you will strongly have absolute control over it. If you can handle this project sincerely and also willing to help me in lifting this fund, kindly reach me.Please, note that this transaction is 100% risk free and I hope to commence the transaction as quick as possible,I will send you my picture as soon as I hear from you for recollection. contact me through my e-mail: faisatfarouk@yahoo.com Hope to read from you soon. Yours Faithfully, FAISAT FAROUK lol nowadays people are sayin they are islamic just to get a bit of moneyIt’s a scam. — People nowadays will say ANYTHING to get moneys.
its a scam
I get mail like this all the time. Only its mainly from Africa for some reason?!
2011 Colossal Register of Federal Grants and Government Benefits, Money for Individuals, Loans, Disaster Relief, Assistance Programs, Student Aid Programs, Foundations, Stimulus Act (CD-ROM)
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Links
- When conservatives get free pell grants and free college for being in the Army?
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Search terms:
- national collegiate trust fund
- can I get help on my student loans that are in default
- how long does a direct loan take with metropolitan state college
- student assistance foundation loans
- Who is National Collegiate Trust?
{ 18 comments… read them below or add one }
I get these all the time..Hit the Spam button..
It comes ‘Out of Africa’ and it’s a phishing scam.
Interesting to note the ‘lady’ says she is from Burkina Faso! Usually these scams originate from Nigeria, that ar**hole country in that ar**hole continent! But then most countries in the ar**hole continent are ar**hole countries anyway!
Bin it!
lol…it sounds like half of the spam that doesnt get through my filters. besides, if the person does have over 7.5mil, she can definitely talk to some business and not random people.
Where in the world is Ouaga????
its totally a scam
This is a scam.
I recommend that you do not open these emails. Delete them.
This is a scam. I received this same email when I worked for a University. If you agree to this you will be a part of money laundering. I suggest you contact the authoritys. Money laundering is a crime no matter where you live. People in a third world country cannot send a large amount of money without being investigated and it can take months for it to clear. Because of this, people ask for a person within a company or a simple name to take the money. It will not seem like money laundering if there is nothing weird about the name of the person receiving the money. Have the email traced by the police and stop this junk from spreading.
omg! i got the same type of letter a few months ago. all a bunch of lies.
Its a scam 100%. Do not reply to it under any circumstances, just report it as scam and delete it.
It’s a scam, obviously. Shame that they bring Allah into it.
Do what the Brain said. My dad made me do that once, replied to some African big shot….I was so pissed….this was back when my dad was still a noob to e-mails, he almost hit me because I didn’t wanna reply to this junk…..and they actually reply back with some serious looking answer, it’s hilarious….
Islam4Life: Ouaga is the capital of Burkina Faso, a landlocked nation in West Africa.
I got one similar to this from a woman who described herself as a “Muslim Princess from Gambia” who wanted to escape her country and marry a good Muslim like myself, after I send her a dowry. ha ha! When I called “her” out on the ridiculousness of her description alone, she backed off. I watched a special on these people. They are usually Nigerian men who scam people on line from Internet cafes. Just block them from your e-mail.
i think this is from a blue boy lol
Salam
this is a huge scam,they do thru sms as well and give u Allah and his rasool name’s sake, and wen u answer such mails it automatically generates a dollar or something!
Funny email whoever wrote it !
they spelt muslim wrong – scam
I get one of these everyday….
I should have a million wives by now!!!!(it was a joke so at least smile)…………….
No seriously it is a scam…………
sister(or brother) i think you should just ignore crap like this! Just delete it and ignore. =)
SCAM
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