Re: My daughter
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by Boadicea
(66.149.179.202) on June 21, 2004 at 20:29:12:
In Reply to: My daughter posted by JKelly on June 21, 2004 at 20:13:38:
Yes, you are so right, JK. They will add "collection charges" of up to 18% to the total owed. But stretched out over up to 30 years, it's hardly noticable. It surely beats having CA's hound you, or have your tax refunds or wages garnished until the end of time. Seven years from the original date of default, the paid collections will fall off of your credit report, leaving nothing but the new and current loan to help re-establish your credit.
Follow Ups:
Post a Followup
|
