Removing a defaulted student loan from a credit report is difficult, but sometimes it can be negotiated with a loan provider by showing consistent accountability. Learn how to get a defaulted student loan removed from a credit report with tips from a financial consultant in this free video on credit cards and personal finance.
Expert: Carrie Kukuda
Contact: www.wearehdtv.com
Bio: Carrie Kukuda has a business administration degree, and was branch manager of a community bank.
Filmmaker: Christopher Rokosz
There are two ways of going about it. There is the rehabilitation program, which expunges it from your credit report, or the WD Ford program, which will put it in good standing. The Rehab is a much better choice because the WD Ford is a consolidation process sending you to a new lender that will ask for outstanding interest up front, thus sending you back into default since you cannot comply.
greyfox37 3 years ago