Daniel Rosen explains why you shouldn't dispute student loans right away. First consolidate your federal loans so old accounts show as paid in full, then dispute the closed accounts and send debt validation letters demanding proof of the debt from the original creditor.
The secret to disputing a student loan is to not dispute it right away. The best thing you can do is get your student loan accounts under control and then move forward with these steps. Step 1 Consolidate when federal student loans are consolidated, you basically are creating a new loan to pay off the old loan. The old loans are then reported the credit bureaus as paid in full and closed. STEP 2 DISPUTE Once the new consolidated loan is reporting and the old problem loans are listed as paid and closed, it's time to dispute them. As always, start by disputing any incorrect information. Student loans are a common place to find errors, so be extra thorough. Then send a debt validation letter to the original creditor and demand the promissory note or proof that you owe the debt. Removing student loans can be difficult, but it's not impossible. All it takes to succeed is the right process and the right tools. Tune into my podcast to learn more.
