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Debt Relief – Insolvency – Bankruptcy Information » Student Loan Help » Student Loan Default and FHA loan – please read all before answering as it is a little complicated. Thanks!?

Student Loan Default and FHA loan – please read all before answering as it is a little complicated. Thanks!?

I defaulted on my student loan nearly 20 years ago and it was on my credit history for a few years then it fell off. The IRS takes my refund every year which is fine. For years I tried to work it out with them, spents hours being transferred to different extensions, no one ever returned my calls or could help me with a new payment plan because they could never determine who had my loan – they know it’s out there but the people I’ve talked to can’t ever help so I’ve been fine with the yearly payment?

Now my husband and I are going to refinance our house (still doesn’t show up on my credit rating) and our lender wants to put us in an FHA loan. Everything I’ve read says you have to establish payment history on the defaulted loan, etc before being eligible for an FHA loan. Since it’s a government agency, but the loan is not a part of my credit history, will FHA find it? I assume they will, so should I avoid it and try a conventional loan? Thanks for your help!!!!

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One Response to "Student Loan Default and FHA loan – please read all before answering as it is a little complicated. Thanks!?"

  1. Jennifer says:
    Hi,
    I used “Credit Solution” to settle my loans and improve my credit score.They managed to reduce my debt up to 58% .It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:
    http://dwarfurl.com/26e5e

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