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Can a Perkins loan from 96 still affect my credit?

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Tonyv33

Joined: 04 Mar 2010
Tonyv33's page
Posts: 4

73 Magic Points

Subject: Can a Perkins loan from 96 still affect my credit?

Sat Mar 06, 2010 9:13 pm

Is it better for me to PFD?

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Sun Mar 07, 2010 2:50 am

Not real sure, is there a statute of limitations on these debts? There are people here who know about these types of accounts specifically so just wait and see if someone with more knowledge on these types of accounts, I am sure you will find some good advice here.

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Sun Mar 07, 2010 11:40 pm

defaulted federal loans may affect other things. the feds never go away But they can't report on you report So PFD would be useless
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goodnatured

Joined: 03 Nov 2007
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Posts: 3927

10 Magic Points

Mon Mar 08, 2010 1:40 am

why don't they report on your credit report? I never knew, thought everyone that you financed money through reported.

Aaron

Joined: 08 Feb 2010
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Posts: 2675

48566 Magic Points

Subject: perkins loan

Mon Mar 08, 2010 7:37 am

Hi Tony,

Welcome to this community Smile

Federal Student Loans, like the Perkins Loan has no Statute of Limitations on it. However, the collection processes may continue for years. So, I think it's better to pay off the dues. You can get details on how to pay the loan from U.S. Department of Education Booklet. You can get hold of a copy of your booklet called Repaying Your Student Loan by dialing 1-800-4-FED-AID (1-800-433-3243). You can also get more information on this from the website of student aid.

Hope this helps.

Regards,

Aaron
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Lois
Guest

Subject: VrmMGhKGJKRBqEr

Tue Aug 30, 2011 8:24 am

I can't believe you're not playing with me--that was so hplfeul.

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