Archive for June, 2008
Student loan sold to a collection agency and now that I have started paying my credit has not improved. Why?
Saturday, June 14th, 2008Nathan asked: I defaulted on a student loan a while back and it was sold to a collections agency. I am now paying the collection agency (have been for 11months) but my credit report shows that the student loans are a “derogartory”. Is there any way to get credit (no pun intended) for […]
Is student loan still tax deductable when refinancing a student loan with a personal loan?
Thursday, June 12th, 2008Andrew M asked: My daughter has two very high interest student loans. Her credit won’t let her do anything, but I can “refinance” it with me getting the loan using my credit. But is it still a “student” loan that she can deduct. She is making the payments and her name will […]
How does a student loan affect your credit?
Wednesday, June 11th, 2008FuzzyLizard asked: I have a student loan that is about 50K. I am making payments on it but I am on the income contingent plan and every month I get a statement showing that what Im paying is not enough to pay even the interest, so the balance is higher every month. Does this negatively […]
How much of my student loan interest do I get back from taxes?
Monday, June 9th, 2008nancy asked: I have made student loan payments in 2007 and have received a paper in the mail stating I had paid $500 in interest and to include it in my taxes. What percentage of it will I get back? 50% maybe? or less?Peter
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How do I remove a late student loan payment from my credit report?
Thursday, June 5th, 2008Curt F asked: Hi experts.
Unfortunately I just found out that I had a very small obscure student loan that went into repayment last month and I missed the bill. I switched addresses and somehow forgot to have them forward that loan to my new address So I checked my credit […]