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Trying to get student loans...please help

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long story short.....Midland credit has a collection account on my credit report that i do not own. They say that the account was purchased from Verizon. I have sent them two DV letters but they have not responded. My student loan company tells me that i must pay the debt before being able to get a loan and i only have two weeks. WHAT DO I DO? Can i Just pay the debt and then send a letter to the CRAs requesting that the negative marks be removed? Please help.

Is your student loan company going to accept just a receipt from you showing that you paid the debt or do they want to see it off of your credit report? If that was the case I would do like you said and pay the debt and then send the letter to credit reporting agency. This is how I would do it, cause I know the importance of having your loans in place before the semester begins/

Sub: #1 posted on Wed, 08/06/2008 - 17:55

Lorri Lorri
(Posts: 1721 | Credits: )

Midland will have to be the one to remove the items from your credit reports. You can't be sure they will do that even after you pay them. I would make them prove that this is your debt BEFORE paying them a dime!

Sub: #2 posted on Thu, 08/07/2008 - 02:55


There's no way that you will get Midland to prove the debt in two weeks so that you can get your student loan. The loan company will probably accept a receipt showing that the debt has been paid. (At least, most other lenders won't require it to actually be off of your credit report; they will accept proof of payment. I'm not sure about student loans.) Unfortunately, even though the debt is not yours, if you can afford to pay it, you might have to do so in order to get your student loan. It stinks though!! :cry:

Sub: #3 posted on Thu, 08/07/2008 - 07:52

alias1958 alias1958

(Posts: 1230 | Credits: )

the loan company will accept just a paid receipt....but will i still be able to remove this item in the future off my CR?

Sub: #4 posted on Thu, 08/07/2008 - 18:05


Seeing as how you claim it was not your debt, yet you are going to pay it so you can get your loan, I don't know what kind of case you would have in getting them to remove it from your report. But someone else on this board willhave a better answer I am sure.

Sub: #5 posted on Fri, 08/08/2008 - 23:23

Lorri Lorri
(Posts: 1721 | Credits: )

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