I know that I owe this money and would like to finally get serious about paying it back but would like my cake and eat it too. Is there a way I can pay this without it being reported? I had been trying for quite awhile at getting a major credit card but have not been able to. My credit reports are pretty much clean, they just lack sufficient history. In about a month I would be able qualify for a mc or visa but now it looks like it may never happen with this going to be slapped on my cr. 1 Has anyone had any experience in dealing with NCO for their student loans? 2. Can I rehabilitate my loans although I defaulted on my payments in 1995? 3. How can I avoid having this collection account being reported to the cra? 4. What is my next step? 5. What can I expect to happen? I don't have the money to pay off in full. As a matter of fact I am unemployed as of a week ago. Will they be willing to work with me and what kind of payments would they expect from me? Thank you for any advice.