Here is a copy of my credit report.it says discharged and then says under creditors comments debt being paid by insurance..that is false i have been paying on this..what do i do
Thank you for including a copy of the page from your credit report showing the account. It appears you filed a chapter 7 bankruptcy in 2002 or was it 2005? Regardless the private student loan would have been discharged in your bankruptcy back then.
What are you paying on now for it? And why?
It is true that private student loan lenders do have insurance policies that pay off in the case of default. And the insurance companies may pursue the consumer for reimbursement. But in your case, if your student loan was legally discharged in your bankruptcy at that time, your obligation for the loan would have ended back then. There would be no need to make any payments on that debt.
Please post your responses and follow-up messages to me on this in the comments section below.