Long story short, I've inherited money and I'm finally able to pay off my loans in full. It's under $7000 that I owe.
However, my loans are in default and absolutely slaughtering my credit score when they report as late/missed each month!!
Would my best move be to enter the loan rehabilitation program through DRG so I can get the default removed from credit report?
OR should I just pay my loan in full using the money and just let time ride it out regarding the credit score?
PAY LOANS OR ENTER REHAB PROGRAM?!
byu/dagoodnameswuztaken inStudentLoans
Posted by dagoodnameswuztaken
1 Comment
Rehab would remove the record of default from your credit. Just make sure you don’t pay off the loan until the rehab is completed and the loan goes back into good standing.