Credit Repair Program -- Step 6. Student Loans
Getting negative information relating to your student loans removed from your credit report is not at all difficult. This is because student loans are guaranteed by either the federal or state government. The Government will bend over backwards to keep you from defaulting on your student loans.
Student loans can be deferred, you can get forbearance, or you can arrange for alternate repayment plans. Your options are many so there is no reason to ever let a delinquency appear on your credit report that is in relation to your student loans. If you think you might miss a payment or not be able to pay as agreed in the future, contact the company servicing your student loans and explore your options and fill out the proper forms before you go delinquent.
If you already have late pays, defaults and such on your credit report the odds are high that you can get them removed. Here's how: Send your loan servicer a letter telling them that the negative information appearing on your credit report is preventing or hindering your ability to pay back the loan and ask them to remove the notations (See Sample Letters 25, 26, 27 and 28).
If you are gainfully employed, tell them it's preventing you from getting a better job and you need to get a higher paying job if you're going to continue paying as agreed. If you are currently delinquent, tell them the negative notations are preventing you from finding employment in the first place and you are at high risk of defaulting. (A prospective employer must get your written permission to look at your credit report. There is a paragraph in the employment application wherein you agree to let them pull your credit report.)
Most of the time, your loan servicer will agree to remove the negative notations. You will receive a letter from your loan servicer telling you that they have requested the credit bureau(s) remove the negative notations which will be done in 30 to 60 days. However, if the company servicing your student loan(s) refuses to comply with your request, then it's time to call in the big guns. The "big guns" is the student loan default prevention department of your state government. Send them a letter telling them how you are being damaged by the negative information appearing on your credit report and ask them to "order" the company servicing your student loans to remove the negative notations. As stated earlier, they will do just about anything to keep you from defaulting on your student loans. Whether or not they can actually order the loan servicer to do such a thing is unknown, but it seems to work most of the time.
If you can't find the contact information of your state's student loan default prevention department, ask the company servicing your student loans or contact the university or college you attended to get this information.