How do i fix my beat up credit stolen, score is like 500, im only 21, half of that stuff not even mind,?

Question

someone in my family stolen my stuff. and i have about 20,000 in school loans, and school loans saying i owe them now, saying that i defaulted, im still in school, what do i do, im about to be married, in 10 months and have a two year old, im willing to give my all to fix it.

Answer 1

If you are still in school you may qualify for a deferment.
A student loan deferment allows you to temporarily postpone loan payments. If your loan is subsidized then you are not charged interest during the deferment period. If it's unsubsidized, interest does accrue however, it can be paid during or after the deferment period. But, if you don't pay it as it accrues, it is capitalized thus increasing the amount you will have to repay.
This may give you some breathing room.
Here is a link to find out more
http://www.student-loan-default.com/deferments.html

Hope this is of some help to you.

Answer 2

You may want to consult a professional credit restoration firm. Understand, though, that there are more scams out there than legitimate companies so you will have to do your due dilligence very carefully. However, if you get with a legitimate company, and there are legitimate companies out there, they can do the heavy work for you. Be prepared to pay for the service, though. The best companies out there charge anywhere from $1000 on up. Companies that will do a so-so job will charge anywhere from $200 on up.

I have written an article that will help you determine how to tell the scams from the legitimate companies. The link is provided below. You should remember, though, that you can perform credit repair yourself. However, you should consider this, if you need your car's engine repaired, who do you get to fix it? A mechanic. When you need to be represented in court who do you get? A lawyer. Similarly, unless you understand the complexities of the more than 300 laws contained in the Fair Credit Reporting Act, you should get a professional to do the work for you.

If you have any questions regarding this or any other credit issues, you may feel free to contact me at [e-mail]

Answer 3

Get a copy of your credit report (AnnualCreditReport.com) and dispute anything that is not yours. If the items are not removed, send a certified, return receipt letter to each creditor that isn't yours, requesting validation of the debt to include and documentation that proves the debt is yours.

If the creditor doesn't validate after 30 days, you can send a copy of the letter to the credit bureau request removal due to lack of validation. If the creditor does respond, you will have evidence of the identity theft.

You will need to file a police report and be prepared to see the relative who stole your identity prosecuted. The longer you wait to take care of this, the more difficult to clean it up.

You should keep all this paperwork as you will probably need it on down the road. Identity theft can be very hard to clear off your credit. The bad debt gets sold to another collection agency and you have to prove once again that it isn't yours.

Answer 4

You will need to dispute these items and provide evidence supporting your dispute showing that it is not a valid debt. i would probably start a police report if you are serious.