ok, I have set up an “income based” payment plan to defer my student loan debt, which is 23k. i’m trying to get back into college and another loan/grant of course, by aug 20 of 2015. if not, I am pretty sure that I can do so for Jan of 2016. I have one very old loan, $ 1300 in default, but I”m making small payments on it to rehab it and keep it out of collections. I will have to pay it off in full (I think) in order to get back into class, but I can’t do that right now.
My ex wife had a car loan in my name, while I was in prison. I had nothing to do with it, and it’s been written off for several years. Can I clear that up? I have no credit cards, the only other debts are $ 600 that I owe VA. They are seizing my little disability check $ 130 per month, to pay that off. i”ll have to pay that off in full, most likely, to qualify for sallie mae? the other debt is a $ 600 one, by some outfit who is trying to collect on a $ 200 smart phone that I bought, 4 years ago. I can probably negotiate that down to $ 300 and clear it up, if need be, advantageous?
What bothers sallie may the most? If I can’t fix their objection to my credit, theres no point in fixing any of it (for now, at least) I owe the college (NOT the feds) 7k and they are charging me 18% on it! So I need to get the sallie mae loan to pay off the school, so that I can get another loan/grant and continue my education. i”m 62 and on SS retirmement pension of $ 600 per month. that’s all the income that I have, but I might get an increase in VA disability rating, by xmas or so. i live in public housing, very cheaply and I get anotther $ 250 per month from sellling plasma, but that is not establishable/guaranteed income. I live on it, but my fiance, in Phills, needs the rest of my income for her schoolong and living expenses. So there’s really no discretionary income at all. Once I get her here, and she starts working as a nurse, things will be fixed, but that can take a year or more. Thanks!
i apparently ‘have” a shell card, 0 balance, 0 lates, which my ex got and has never used. Is it to my advantage to get a card actually issued to me and use it, establishing a “credit line’?