How should I pay off Pheaa and

Discussion in 'Credit Talk' started by Mary C., Feb 21, 2001.

  1. Mary C.

    Mary C. Guest

    I want to pay off My PHEAA loans. PHEAA is listed 6 diferent times on my credit report. I believe that I owe them about $1500 total.
    They are currently garnishing my wages for about $150 each paycheck. I would like to pay them in full in one lump sum or several large payments. What are my options? What is the best way to correct my credit report?
  2. roni

    roni Well-Known Member

    RE: How should I pay off Pheaa

    Your loan is in default. It will stay on your credit report for 7 years from the original default date if paid and forever if unpaid. Your only hope is to pay it or rehabilitate it. If you rehabilitate it after 12 ontime usually high payments it will be removed permanentely from your credit report. You must approach the lender(original lender most times) to set up this plan. Info about rehabilition of defaulted students loans in all over this site and at Happy reading.


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