Can a Perkins loan from 96 still affect my credit?

Submitted by Tonyv33 on Sat, 03/06/2010 - 21:13
Forums

Is it better for me to PFD?

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.

Sun, 03/07/2010 - 02:50 Permalink

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

Sun, 03/07/2010 - 23:40 Permalink

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

Mon, 03/08/2010 - 01:40 Permalink

Hi Tony,

Welcome to this community :)

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

Mon, 03/08/2010 - 07:37 Permalink